World

Clearpool

Polytrade

Rise

The cryptocurrency market is on the verge of what seems like a significant upward trend. While the exact timing of this bull run remains uncertain, the indicators strongly suggest that it’s imminent. <a href="https://www.youtube.com/watch?v=JQ48IdpgCj4" rel="noopener noreferrer nofollow">Analyst Altcoin Buzz</a> said that one emerging area in crypto is drawing attention for its explosive growth.&nbsp;  
The Rise of Real World Assets (RWAs)  
RWAs, or Real World Assets, involve the tokenization of physical or financial assets and bringing them onto the blockchain. This process allows assets like real estate, fine art, and even government bonds to be tokenized, opening the door to a wider range of investors. In fact, the Boston Consulting Group (BCG) has projected that by 2030, the RWA market will reach $16 trillion, accounting for approximately 10% of global GDP.&nbsp;  
The analyst listed two promising altcoins that are carving out space in the RWA market:  
Polytrade (TRADE)  
Polytrade is an innovative platform in the RWA space, building an ecosystem that focuses on providing financing solutions for small and medium-sized enterprises (SMEs) by tokenizing trade invoices. One standout feature of Polytrade is its ERC-6960 token, which allows for the fractionalization of RWAs, wrapping them into easily tradable tokens.&nbsp;  
At the time of writing, the market cap of Polytrade sits just under $19 million, with its price hovering around $0.51. Given its low market cap and micro-cap status, Polytrade presents a significant growth opportunity.&nbsp;  
Clearpool (CPOOL)  
Clearpool, another promising altcoin, operates as a decentralized credit marketplace. Its primary function is to provide unsecured institutional liquidity, allowing organizations to raise short-term capital without needing to put down collateral. Clearpool has developed a suite of products designed to facilitate smooth interactions between lenders and borrowers.&nbsp;  
Currently, the market cap of Clearpool is just below $80 million, with a circulating supply of about 604 million tokens out of a total supply of 1 billion.

Coinpedia Fintech News

CoinPedia News

Other articles published on Sep 13, 2024

Popcat (POPCAT) Outperforms Market, Gains 5% Ahead of Kraken Listing

Changpeng Zhao Permanently Barred from Binance Management But Retains Power: Binance CEO

BREAKING! Binance Announces Surprise Altcoin Selected for Latest Launchpool Project!

Coinpedia Fintech News

Hong Kong considers new licensing regime for OTC crypto trading

Sky Protocol’s Recent Proposal Could Impact $200M Loans Backed by Wrapped Bitcoin: Report

Join our free newsletter for daily crypto updates!