Ondo

World

Polymesh

Centrifuge

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/surge-in-real-world-asset-tokens-and-memecoins/" data-wpel-link="internal">Surge in Real World Asset Tokens and Memecoins</a> 
Real world assets (RWAs) designed for tokenization saw their market value surge by over 31% in the last 24 hours to $5.54 billion, according to CoinGecko data. Among the top five tokens in the RWA subsector of the altcoin market, notable gains were recorded by Centrifuge (CFG) and Ondo (ONDO), with increases of 46.5% and 33% respectively, as well as a 60.85% rise for the native asset of the Polymesh <a href="https://coin-turk.com/ibm-ile-buyuk-bankalardan-blockchain-ortakligi" data-wpel-link="internal">Blockchain</a>, POLYX. 
<h2 style="text-align: justify" id="strong-rise-of-rwa-tokens-and-memecoins-strong">Rise of RWA Tokens and Memecoins</h2> 
Polymesh, a <a href="https://en.coin-turk.com/binances-bnb-chain-to-undergo-2-upgrades-plato-and-hertz/" data-wpel-link="internal">Blockchain</a> project specifically designed for security tokens, is at the forefront of tokenizing RWAs, which involves converting asset rights on a Blockchain into digital tokens. This approach aims to transform how tangible and intangible assets, from physical properties to patents and copyrights, are managed and traded, promising increased liquidity, accessibility, and efficiency in asset management. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-331297" src="https://coin-turk.com/wp-content/uploads/2024/03/Memecoin-Floki-Altcoin.png" alt="" width="710" height="504"> 
Concurrently with the rise in RWA tokens, the <a href="https://en.coin-turk.com/they-recorded-ath-with-binance-listing-2-latest-situation-in-altcoins/" data-wpel-link="internal">memecoin</a> market also showed a significant recovery, with a 16.0% increase in market value over the last 24 hours according to CoinGecko data. The top five memecoins by market value all recorded double-digit gains, with Floki (FLOKI) registering the most substantial rise of over 38% in the same period. 
The increase in memecoin market value reflects ongoing interest and speculative investor behavior in this segment of the cryptocurrency market. Characterized by their community focus and often quirky nature, memecoins continue to attract investors looking for quick gains in the volatile world of cryptocurrencies. 
<h2 style="text-align: justify" id="strong-experts-caution-investors-strong">Experts Caution Investors</h2> 
Despite the observed rise in both RWA tokens and memecoins, experts advise investors to be cautious due to the inherent risks associated with speculative assets. While tokenization of RWAs presents an innovative and transformative opportunity in traditional finance, it also brings regulatory and technological challenges that require a careful approach. 
Furthermore, the high volatility inherent in memecoins underscores the importance of comprehensive research and risk management practices for investors participating in this segment. Influenced by social media trends and community sentiment, memecoins can experience rapid price fluctuations, necessitating a cautious investment approach. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/surge-in-real-world-asset-tokens-and-memecoins/" data-wpel-link="internal">Surge in Real World Asset Tokens and Memecoins</a></h5>

Surge in Real World Asset Tokens and Memecoins

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