After plunging to $3.71 billion on June 23rd, the RWA TVL has rallied to an ATH of $7 billion. Given past trends in the crypto market, RWA tokens may be poised for a similar upward trajectory.
Tokenization has become a powerful force in the crypto space, bridging DeFi with TradFi and boasting a market cap of over $3 billion. Advancements in this area are driving the expansion of the RWA ecosystem, with several promising projects playing key roles in its growth.
âą My RWA token pick for this rally is PROPC.
Last week, @PropChainGlobal DAO's "PCF-3 Token Burn Initiative" received 93% voter support, reducing total token supply by 25%, the largest to date.
Proof of burn: https://t.co/MA7xO9ClZf
Here is why PROPC will be a Runner
1ïžâŁ Scarcity creates value:
Reduced supply makes each PROPC more valuable.
2ïžâŁ Increased liquidity:
Circulating supply rises from 24.4% to 32.4%, attracting new investors.
3ïžâŁ Tier 1 Exchange Ready:
Supply reduction aligns with top exchange standards, paving the way for future listings. Currently listed on MEXC and Bitget.
4ïžâŁ Prop[.]com Integrated with @okxweb3 wallet, creating more value for PROPC.
âïž Don't Fade this anon! PROPC is positioned for a breakout with a surging RWA market, massive token burn, and expanding ecosystem, it can only be up from here.
As we enter Q4 every dip you see is only temporary, every resistance you see will be broken. Why? Feds will cut rate and here's how it'll affect the market? Here's a quick breakdown đ
The recent revision to job data, indicated a loss of 800,000 jobs. What do the Feds plan to do?
Jerome Powell's declared that it's time for the Federal Reserve to ease interest rates. This is a game-changer because lower interest rates mean more money in circulation.
â The Bullish impact of Fed Rate cut for Crypto and Stocks
Given the potential for increased liquidity and reduced borrowing costs, a Fed rate cut is generally seen as bullish for both crypto and equity markets.
> Crypto:
BTC and other crypto assets often benefit from a more favorable macroeconomic environment. Lower interest rates can increase investor appetite for riskier assets like crypto.
Additionally, a rate cut will boost the demand for BTC (either Spot or ETF) as a potential hedge against inflation.
> Equities:
Stocks are also likely to see a positive impact from a rate cut. Lower borrowing costs can improve corporate profitability and increase investor confidence, leading to higher stock prices.
â How Many Fed Rate cut in Q4?
According to the CME FedWatch Tool, a 0.25% interest rate cut is highly likely at the September FOMC meeting.
Furthermore, a notable majority of traders anticipate additional rate cuts in November and December.
âïž Conclusion
Despite these short-term factors, the long-term trend for both crypto and stock markets remains bullish. The Federal Reserve's potential rate cut, coupled with the positive market sentiment and the potential for increased economic activity, suggests a favorable outlook for the fourth quarter.
On August 25th, @Coredao_Org TVL reached $317 million. This surge was driven by innovative protocols such as; Pell Network, Colend Protocol, COREx Network, Core Earn, and Glyph Exchange.
I've been monitoring the ecosystem and I'm not surprised by the TVL growth because I've always been bullish on @Coredao_Org.
Core's DeFi TVL grew 74% QoQ (quarter-over-quarter) since Q1, according to Messari.
The Core Ignition Drop further accelerated growth, introducing Asset Multipliers for SolvBTC.b, stCORE, BTCB, and aBTC and rewarding users with significant bonus incentives.
Building on this momentum, @Coredao_Org launched another season of the "Core Ignition Airdrop"
This latest season comes with enhanced rewards and incentives. Users can maximize earnings with multipliers for using multiple dApps and generous bonus incentives, including the BTCB multiplier.
Despite Ethereum's gas fee reduction, a shocking surge in failed transactions on the ETH chain has gone unnoticed, which is a stark contrast to Bitcoin's seamless scaling thanks to CoreDAO innovative approach.
Read on..
Since 2013, Core contributors have been quietly revolutionizing Bitcoin, securing 50% of its hash rate and 5000 BTC risk-free.
By introducing a novel L1 blockchain aligned with Bitcoin in 2023, @Coredao_Org is unlocking a new world of possibilities for BTC holders, including passive staking and cheaper transactions.
> My Conviction
As $BTC liquidity shifts to Core Chain, a fully interoperable on-chain financial system is taking shape, poised to solidfy $CORE Chain as the primary platform for BTCfi and transform the crypto landscape forever.
With CZ's return from prison and the recent ETF news, we can expect more upside from late September to November.
Personally, I'm focusing on accumulating between now and September 27th.
Based on an on-chain analysis report shared by @santimentfeed, a slight price drop in Bitcoin led to a significant decrease in total open interest on exchanges.
Bitcoinâs price declined by 2.2% in the last 24 hours, while open interest on exchanges dropped significantly by 7.5%.
This decrease in $BTC indicates that investors are reducing their risks and exposure to Bitcoin amid market uncertainty.
In contrast, stable open interest in ETH and SOL suggests these assets are less affected by Bitcoin's price fluctuations this month.
The slight decline may indicate that major investors are shifting capital from Bitcoin to altcoins, seeking higher returns and diversifying their risks.
Bitcoin's open interest is dropping, hinting traders think the rally is over and are selling at peak.
BTC is now about $62,444, and ETH around $2,621.
Bitcoinâs drop in open interest is pushing investors towards altcoins like Ethereum and Solana. As BTC dominance fades, these altcoins are expected to gain more attention, so get ready to accumulate!
Mining has always been an issue for crypto fanatics, but right now itâs becoming easier through this protocol.
@Yidocy_Plus makes Bitcoin mining effortless for all with the innovative Hash-Fi (Hashrate Finance) approach
In El Salvador, about $30M worth of $BTC have been mined, this shows thereâs future for miners again
This protocol essentially lets you stake and earn authentic returns from Bitcoin mining and other Proof-of-Work rewards, acting like you possess actual Bitcoin hashrate without the hassle of purchasing mining shares!
Memes are shifting back to our cute pets and one of which caught my attention very early is $BUB. I was able to make 200x from scooping huge bag of $BUB last month.
@lilbubsolana has given over $1.5 million to charity, so I'll be replicating this too đ
> How to qualify?
Comment a photo of your cat and #SOL wallet in the comments đ I'll be picking randomly.
Make sure to join the community today and be a part of the change!
The trading giant dumped crypto assets worth $247 million between August 4 to 8. The ripple effect of this brought flashbacks of the catastrophic FTX and LUNA crash.
Have you ever thought of a gaming platform that turns content into real time data using powerful Al Agents & enabling web3 features for games? @PlayFiGaming guarantees this
Theyâre launching an exclusive batch of their âGenesis Nodesâ offering rewards to early users.
Sale goes live this month on the 14th at 10am ET
Sale can be accessed via: https://t.co/iSTjljD2TO
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