Real World Assets (RWAs) are specific physical assets such as commodities, real estate, etc. that run on the blockchain using smart contracts Recently, RWAs have become very popular and their market capitalization is in the billions of dollars.
According to market analysis platform Sentiment, the token of this type that is leading the development activity in the last 30 days is #Chainlink (LINK).
According to experts, Chainlink is currently 2.49 times more active than Synthetix, the next most active project in the RWA sector.
Rounding out the top five are Centrifuge (CFG), Dusk (DUSK) and #Orai Chain (ORAI).
Santiment extracts noteworthy activities from project repositories on github and verifies them to ensure that only key team efforts to innovate and improve are included in the rankings," the platform explains.
Despite the 10% drop in two weeks, many analysts remain optimistic that LINK's value will rise in the near future.
Ali Martinez, a popular X user, claims that the TD (Tom DeMark) serial indicator "gives a buy signal on the 12-hour chart of Chain #Link . " He believes LINK could rise to $15.50 if it breaks above the key resistance level of $BTC Michael Van de Poppe is also bullish, calling the token one of the top five #altcoins that can earn 3x #CryptoWatchMay2024 "with the lowest risk. "
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