World

Polymesh

TrueFi

Algorand

Million

<ul class="list-ic vertical">
 <li>1 <a>Polymesh stands out as a blockchain tailored for regulated financial instruments such as securities, bonds, and ETFs.</a></li>
 <li>2 <a>TrueFi crypto was stabilizing near the 50 day EMA after suffering rejections from the recent highs.</a></li>
 <li>3 <a>At the time of writing, Algorand crypto was trading near $0.142, recording a negative a 4.70% drop.</a></li>
</ul>
The 1st half of the financial year 2024 went well for most of the cryptocurrencies adding substantial gains to the Investors’ portfolio.
Lately, Real World Asset (RWA) tokens have surfaced as an exciting and promising investment option in the rapidly evolving crypto investment landscape. These tokens serve as a conduit between the conventional financial assets and the blockchain ecosystem, providing improved liquidity, access to worldwide investments, and fostering the development of innovative markets.
Polymesh (POLYX), TrueFi (TRU) and Algorand (ALGO) have emerged as three<a href="https://www.thecoinrepublic.com/2024/06/04/is-world-coin-the-biggest-wealth-transfer-to-the-insiders/" target="_blank" rel="noopener noreferrer nofollow"> real world Asset tokens </a>that investors may watch for July 2024. Let’s explore each one by one.&nbsp;
<h2 class="wp-block-heading" id="strong-polymesh-polyx-strong">Polymesh (POLYX)</h2>
Polymesh stands out as a blockchain tailored for regulated financial instruments such as securities, bonds, and ETFs. It bolsters liquidity in markets that are typically less fluid by adhering to regulatory norms. 
<a href="https://in.tradingview.com/chart/POLYXUSD/O7lfuljF-Polymesh-POLYX/" rel="noopener noreferrer nofollow"> </a> <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a> 
At press time, it was trading at $0.26 Polymesh with a market capitalization of $224.7 Million and ranked 222nd in the overall crypto market. The volume to market capitalization ratio was 7.06%, reflecting low volatility in the crypto.&nbsp;
The daily POLYX/USD chart highlights that the price was under strong selling pressure in recent sessions after the breakdown below the 200 day EMA. On the lower side, the $0.232 level may act as support from where the price may possibly rebound.
<h3 class="wp-block-heading" id="strong-truefi-tru-strong">TrueFi (TRU)</h3>
TrueFi is making waves in the RWA sector by providing collateral-free decentralized loans, a unique feature in the DeFi ecosystem. It serves a broad clientele, including individual investors and businesses, leveraging its proprietary token, TRU, to ensure a transparent and secure borrowing experience. 
<a href="https://in.tradingview.com/chart/TRUUSD/a9OlDqBi-TrueFi-TRU/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a> 
At the time of writing, TRU was hovering near $0.0015, reflecting a swift 1.06% intraday rise. Market capitalization was $146.9 Million and it ranked 274th in the cryptoverse.
TrueFi crypto seemed to be stabilizing near&nbsp; the 50 day EMA after a price decline from the recent highs. The trend outlook was bullish above the key 200 day exponential moving average. on the higher if TRU manages to surpass the 20 and 50 day EMAs, it may resume its way towards the higher supply zones.
<h3 class="wp-block-heading" id="strong-algorand-algo-strong">Algorand (ALGO)</h3>
Algorand’s blockchain is adept at tokenizing a variety of assets, from art and music royalties to stablecoins, offering scalability and efficiency. This capability makes it a top choice for both creators and investors. 
<a href="https://in.tradingview.com/chart/ALGOUSD/FTuI2pGl-Algorand-ALGO/" rel="noopener noreferrer nofollow"> </a> <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a> 
At the time of writing, Algorand crypto was trading close to $0.142, recording a negative intraday development of 4.70%. It ranked 63rd in the cryptoverse with a market capitalization of $1.174 Billion.&nbsp;
The price was below all the key exponential moving averages – the 20, 50 and 200 day EMAs – suggesting a bearish trend was prevailing in the short term as well as long term. Recently, ALGO suffered rejection from the 20 day EMA and may drop towards the recent support at $0.128.
<h4 class="wp-block-heading">Disclaimer</h4>
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

3 Top Real World Asset Cryptocurrencies To Monitor In July 2024

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Thecoinrepublic.com

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