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Home»ADOPTION NEWS»RWA token and memecoin benefit from cryptocurrency rebound.
ADOPTION NEWS

RWA token and memecoin benefit from cryptocurrency rebound.

By Crypto FlexsMarch 21, 20242 Mins Read
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RWA token and memecoin benefit from cryptocurrency rebound.
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The Real World Asset (RWA) token market cap is now $5.54 billion, up from the previous year. 31% Over the past 24 hours, according to CoinGecko data.

Among the top five tokens in the RWA token subsector, the ones with the biggest gains are: police

+70.36%
The default token of In the past 24 hours, the PolyMesh blockchain surged 86.5%, centrifuges rose 46.5%, and temperature rose 33%.

Polymesh is a blockchain project specifically designed for security tokens and is one of many protocols involved in the tokenization of real-world assets, where the rights to the asset are converted to digital tokens on the blockchain.

Real assets include a wide range of tangible and intangible items, from physical assets to patents and copyrights. Tokenization of real-world assets will revolutionize the way these assets are processed and traded, bringing about changes that will allow for greater liquidity, accessibility, and efficiency in asset management.

Memecoin market capitalization rally

Memecoin market capitalization has also increased, up 16.0% in the past 24 hours, according to CoinGecko data.

The top five memecoins by market capitalization in the CoinGecko memecoin market capitalization category have all posted double-digit gains over the past 24 hours. The exception is Shiba Inu, which recorded a small increase of 7% over the same period.

Among the top five memecoins by market capitalization, Floki has seen the most notable rally over the past 24 hours, surging more than 38% as of 6:19 a.m. ET. The Block’s pricing page.

Floki is up over 38% in the last 24 hours. Image: Block.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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