An analyst has expressed extreme bullishness on Real World Asset (RWA) cryptocoins, asserting that this sector is one of the most undervalued in the market and has massive potential. Analyst Crypto Rover delved into why he believes RWA coins present an interesting investment opportunity.
Explaining the current market landscape, the analyst pointed out that meme coins have dominated as the most profitable altcoin narratives in 2024, with RWA coins following closely behind. According to data from CoinGecko, meme coins have surged by 1300%, while RWA coins have seen a significant increase of 286%. Additionally, AI-related projects have also performed well, witnessing a growth of 222%.
Despite recent market downturns, particularly affecting meme coins, RWA coins have shown resilience. The analyst noted that while meme coins suffered a decline of over 177% in the last 7 days, RWA coins have maintained a relatively stable position. With RWA coins currently occupying a lower ranking on CoinGecko, the analyst believes there is plenty of room for growth in this sector.
The analyst explained the essence of RWA coins: They tokenize real-world assets, allowing investors to gain fractional ownership of tangible assets. According to the analyst, this unique characteristic distinguishes RWA coins and positions them for long-term success. While meme coins have captured market attention, RWA coins offer greater potential in terms of usability and adoption.
Identifying three RWA coins as his top picks, the analyst discussed their strengths and potential for growth. The first coin mentioned was Emerald Company, which has witnessed remarkable gains since its inception and currently boasts a market cap of around $11 million. The analyst mentioned Emerald’s innovative approach of tokenizing emeralds, offering investors a stake in real-world assets.
The second pick was Propchain, a project focused on real estate tokenization and rental income distribution. The analyst expressed confidence in Propchain’s long-term potential, citing its solid fundamentals and market positioning.
Finally, the analyst mentioned Soil as his third pick, noting its recent surge in value and promising outlook. With a market cap of approximately $70 million, Soil presents an attractive investment opportunity in the RWA sector.
