Altcoins
Chainlink, RDAC, ONDO: These 3 RWA Altcoins Could Bounce Back After US Fed Rate Cut
By connecting real-world data with blockchain technology, Chainlink is critical to advancing the adoption and integration of RWAs into the decentralized finance (DeFi) landscape.
The anticipation of a rate cut by the US Fed, along with the potential approval of Ethereum ETFs, could further boost investor confidence, potentially pushing Chainlink’s price to new highs. LINK is expected to trade between $11.71 and $27.61 by the end of 2024, reflecting growing confidence in its ecosystem.
Redacted ($RDAC): aims to become the Google AdSense of Web3
Redacted (RDAC), a lesser-known but powerful player in the RWA space, is focused on building infrastructure for decentralized finance (DeFi) governance and treasury management.
The proven track record of the management team, which has launched NFTs with over $40 million in trading volume, further strengthens confidence in RDAC’s potential. Additionally, a recent $10 million funding round led by notable investors such as Spartan VC, Animoca Brands, and Polygon Ventures, underscores the strong market confidence.
Given that falling interest rates typically push investors toward higher-yielding assets, RDAC’s diverse ecosystem, powered by the $RDAC token, is likely to attract significant interest.
Its innovative approach to aggregating RDAC on-chain and off-chain data positions makes it a key player in the evolving RWA landscape.
Powered by blockchain and AI, Redacted’s comprehensive gaming and entertainment ecosystem leverages a data protocol to deliver richer, more targeted user experiences and business opportunities for web3 businesses and dApps.
The high-energy startup has amassed over 250,000 followers in just a few weeks, with over 150 of the web3’s top “Who’s Who,” including Dingaling and Grail, posting “redacted” profile pictures showing their support for the company’s vision.
Redacted recently raised $10 million with funding from some of the biggest names in the industry in an investment round led by Spartan Group, with participation from Saison Capital, Animoca Brands and Polygon Ventures.
A rate cut by the US Fed could lower borrowing costs, allowing investors to more cheaply tap into capital from DeFi platforms like Redacted, potentially increasing RDAC’s value. Additionally, the broader acceptance of tokenized assets could attract institutional investors, further increasing its market cap.
Ondo Finance (ONDO)
Ondo Finance is a pioneering platform in the field of decentralized finance (DeFi), focused on providing secure and high-yield investment products through the tokenization of real-world assets.
Ondo Finance offers innovative solutions such as tokenized treasury bonds, which allow investors to access traditional fixed income assets through blockchain technology. This approach not only democratizes access to these investment opportunities, but also improves market liquidity and efficiency.
In the RWA space, Ondo Finance plays a crucial role in bridging traditional finance with the DeFi ecosystem. By tokenizing treasuries and other fixed income assets, Ondo Finance provides investors with a reliable and transparent method to diversify their portfolios with real-world assets on the blockchain. This tokenization process improves the accessibility and liquidity of traditionally illiquid assets, making them more attractive to a broader range of investors.
The project’s collaboration with leading financial institutions to tokenize and trade real-world assets on-chain is a crucial growth catalyst. With the potential for a rate cut from the US Fed, lower interest rates could boost the appeal of Ondo’s yield-generating products, attracting more capital into its ecosystem. Additionally, the approval of Ethereum ETFs could make ONDO tokens easier for traditional investors to access, potentially increasing demand and driving prices higher.