RWA Tokens and Weekly Performance 

RWA tokens, representing tokenized real-world assets, showed remarkable performance over the past seven days. According to CoinMarketCap, the RWA token market capitalization approached $76 billion on Friday, reaching an all-time high. This increase is supported by financial institutions offering more products on the blockchain. 

The RWA ecosystem includes projects focused on tokenization such as Chainlink (LINK), Avalanche (AVAX), and Ondo Finance (ONDO). Ondo Finance notably gained 9% during the day, attracting investor attention. 

On-Chain Value Record 

According to RWA.xyz, the total on-chain tokenized assets exceeded $29 billion for the first time this week. Since the beginning of the year, the total value nearly doubled. Distribution is as follows: 

• Over 50% private loans 
• Around 25% U.S. Treasury bonds 
• The rest includes commodities, alternative funds, stocks, and bonds 

Including stablecoins, the total reaches $307 billion. Three-quarters of on-chain assets are tokenized on Ethereum and layer-2 networks. 

Institutional Moves Supporting Tokenization Trend 

Crypto investor Ryan Sean Adams noted on X that tokenization is supported by the U.S. government. Wall Street and fintech firms are actively entering this space. 

Additionally, BlackRock, the world’s largest asset manager, is exploring tokenizing ETFs on the blockchain. Their 2024 launch of the USD Institutional Digital Liquidity Fund (BUIDL) on Ethereum started with $2.2 billion in tokenized assets. CEO Larry Fink stated that tokenizing financial assets will “democratize finance.” 

What Is an RWA Token? 

Today’s crypto world is not just virtual assets. RWA (Real World Asset) tokenization refers to converting physical and financial assets, from real estate to art, bonds to commodities, into digital tokens on the blockchain. These tokens bridge traditional finance and decentralized finance (DeFi). 

Tokenizing an asset brings transparency, speed, and accessibility benefits. 

Benefits of RWA Tokens 

• Accessibility: Allows small investors to access high-value assets. 
• Liquidity: Traditionally illiquid assets can be bought and sold more easily, reducing costs and transaction times. 
• Transparency & Security: Ownership, transfer history, and value are transparent on the blockchain, reducing fraud risk. 
• Global Access: Removes geographic barriers, allowing investors worldwide to access assets. 
• DeFi Integration: RWA tokens can be used as collateral in DeFi protocols for borrowing, lending, or earning yield. 

Current RWA Tokens and Highlights 

Notable RWA coins include LINK (Chainlink), FIGR_HELOC (Figure Heloc), XLM (Stellar), ONDO (Ondo), ALGO (Algorand), and XAUT (Tether Gold). LINK provides an oracle network connecting smart contracts to real-world data, FIGR_HELOC tokenizes home loans for DeFi, XLM enables fast cross-border payments, ONDO offers investment opportunities in tokenized stocks and bonds, ALGO provides scalable blockchain infrastructure, and XAUT represents tokenized gold for portfolios. 

Leading RWA Projects 

• Centrifuge (CFG): Focused on tokenizing loans, invoices, and royalties. 
• Mantra (OM): Provides a secure, regulation-compliant RWA platform. 
• PAX Gold (PAXG): Tokens backed by physical gold offering a safe haven. 
• Polymesh (POLYX): Blockchain designed for tokenizing securities. 
• These RWA tokens combine traditional financial products with blockchain, making investment processes more transparent, liquid, and accessible. 

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The post What Are RWA Tokens and Which Coins Are Leading? appeared first on Coin Engineer.

Italian green energy company Enel Group has partnered with crypto wallet provider Conio to offer fractional ownership of solar panels through tokenization on the Algorand blockchain.

On January 21, Marc Vanlerberghe, the chief marketing officer of the Algorand Foundation, announced a partnership between Conio and Enel Group to launch a solar panel tokenization product in Italy.

The tokenized product will allow Italians to own a portion of Enel‘s solar farms and use the generated power to offset electricity usage in residential properties.

Related tweet:

Warden explained the real-world use case of the product:

“You can live in a high-rise and offset with partial ownership of a solar panel in a field someplace else. So cool! There is just no end to the power of tokenized markets.”

Tokenization of Emirati Assets

Amid the ongoing blockchain revolution, United Arab Emirates-based property development group Damac Group has signed a $1 billion agreement with Mantra, a blockchain built for tokenized RWAs (real-world assets), to enable token-based finance.

The partnership will allow Damac to leverage Mantra’s RWA-focused blockchain technology to tokenize its diverse portfolio, which includes real estate, hotels, resorts, manufacturing, capital markets, and fashion. The multibillion-dollar investment conglomerate’s partnership with Mantra will further the blockchain’s goal to become “the preferred ledger of record” for RWAs.

According to a CNBC report, US President Donald Trump recently announced that Emirati billionaire Hussain Sajwani, founder of Damac, has pledged at least $20 billion in foreign investment to build new data centers across the United States.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Italian Energy Giant Launches Solar Panel Tokenization on Algorand appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has gained 0.55% in the last 24 hours, currently trading at $95,947. Bitcoin (BTC) has broken the resistance level mentioned in our November 27th analysis and is continuing its upward movement. If it keeps rising, it could face resistance in the FVG region, ranging from $96,500 to $98,000. A 4-hour closing above this level will push the price toward the ATH resistance zone. Key support levels are at $94,700 and $91,213.

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Ethereum (ETH): The ETH/USDT pair has lost 1.86% in the past 24 hours and is currently trading at $3,567. Resistance levels for ETH are at $3,649 and $3,886. Support levels are at $3,527 and $3,440.

Algorand (ALGO): The ALGO/USDT pair has surged by 20.37% in the last 24 hours, currently at $0.34. Resistance levels are at $0.36 and $0.39. Support levels are at $0.328, with deeper corrections possible at $0.31.

Artificial Superintelligence Alliance (FET): The FET/USDT pair has gained 10.71% in the last 24 hours, trading at $1.63. Resistance levels are at $1.71 and $1.74. Support levels are at $1.56, with further downside potential at $1.53.

Render (RENDER): The RENDER/USDT pair has increased by 7.47% in the past 24 hours, currently priced at $8.74. Resistance levels are at $8.96 and $9.33. Support levels are at $8.28, with a deeper drop possible at $7.46.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include Hyperliquid (HYPE), Virtuals Protocol (VIRTUAL), and Grass (GRASS). The biggest gainers include ai16z (AI16Z), Virtuals Protocol (VIRTUAL), and Act I The AI Prophecy (ACT). The biggest losers are Just a chill guy (CHILLGUY), Fwog (FWOG), and Echelon Prime (PRIME).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the key liquidation level on the higher side is $97,844, with $31 million in liquidations. On the lower side, $94,827 is the main liquidation level, with $37 million in liquidations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Current Status of Bitcoin and Cryptocurrencies: November 29 appeared first on Coin Engineer.

Algorand (ALGO) Price Analysis!

We observe that funds are beginning to flow back into established and longstanding projects, with Algo being one of them. For Algo to continue its upward momentum, it needs to break the $0.32 resistance level.

On the other hand, in the event of a pullback, the $0.24 level, the green zone, and the $0.16 regions stand out as critical support levels. These levels could play a key role in the price recovery process.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post ALGO Coin Price Analysis: Algorand on the Rise! appeared first on Coin Engineer.

The Ad and Its Message

The advertisement is on YouTube, and it features a supermarket with a checkout procedure where customers try to pay with Bitcoin, Ether, and Solana. The Bitcoin is criticized for taking 27 minutes to complete the transaction, Ethereum for costing $112 in fees, and Solana for transaction failures. On the other hand, Algorand is presented as a smooth-sailing solution, with the ability to process payments in a matter of seconds and with minimal charges, with the slogan, ‘Instant finality. Low Fees. Built for life.’

Finally, political consultant and entrepreneur Anthony Scaramucci appears in the last few seconds of the ad and jokingly asks how he can get in the Algorand checkout line. This created more social media attention, especially when Scaramucci tweeted about a possible “$SOL ETF” after the ad was released, causing more hypocrisy.

Mixed Reactions from the Crypto Community

The ad was immediately shared online and received more than 700,000 views on X Within a few days, people had mixed opinions on the advertisement – some appreciated the company’s risk-taking while others did not like it. One of the users whose posts have been shared in the X community wrote: “Algorand runs 21 TPS, can’t fund its main explorer but drops $100k+ on an ad. This is not the way guys.” This is related to the previous experience of Algorand ceasing the functioning of its block explorer AlgoExplorer.

Chainlink community liaison Zach Rynes opined, “This kind of marketing makes no sense to me.” Regular people will just shrug and move on with a negative impression of crypto: ‘yeah crypto is bad’, without realizing it was an advertisement for it.

On the other hand, some heads in the industry endorsed the ad. The co-founder of Kernel Edge, Hilmar Ingimundarson said that the marketing was right on the mark. The co-founder of XRP cafe also agreed with the humor though he noted that other networks were criticized.

Market Impact and Financial Figures

To the surprise of many, the ad did not sway the market much in Algorand’s favor. For instance, in the DefiLlama report, Algorand has a TVL of $96 million, while Ethereum has a TVL of $65 billion and Solana has $4.8 billion. Algorand’s native token, ALGO, was down by 2% on the day to $0.182, with the remaining 95% still below the 2019 record high as per the CoinGecko website.

The campaign has elicited debate among the crypto community especially on the usefulness and acceptability of negative advertising in the space.

The post Algorand Foundation Takes Bold Swipe at Rival Crypto Networks in New Ad appeared first on Coin Engineer.

What Is Mode Network?

Mode Network is a Modular DeFi L2 platform that allows developers and users to grow the application ecosystem. It collaborates with Optimism to build the Super Chain and offers users a fast experience with lower transaction fees.

Its main goal is to create an ecosystem where developers and users are directly rewarded. In line with this, systems such as Ranker Fee Sharing and User Referral Fees have been integrated into the Mode protocol. Developers are rewarded by these mechanisms as they contribute to the development of the ecosystem.

Mode Network offers developers the opportunity to build new on-chain economic systems to scale their applications. In addition, practical support is provided to developers who want to build DeFi applications and scale their applications by experimenting on Mode.

As a result, Mode Network aims to build a world-class application ecosystem by creating a collaboration between developers and users. With low fees, fast transaction speeds, and various reward mechanisms, Mode Network offers a strong infrastructure to support innovation and growth in the DeFi field.

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What Are The Advantages?

• Scalability: It enhances Ethereum’s scalability and performance because it runs on the Optimism Superchain. The Optimism Superchain maintains Ethereum’s security and compatibility.
• Flexibility: It allows users to create their own customized DeFi experiences by combining different DeFi protocols and applications. Mode Network allows users to select, add, or remove DeFi components according to their needs.
• Reward: Mode Network rewards its users with MODE tokens. The MODE token is the native token of Modular DeFi L2 and is used to participate in the management, revenue sharing, and native returns of the platform. Modular DeFi L2 allows users to earn MODE tokens while using DeFi.
• Low Fees: Mode includes Optimism’s Bedrock update, which allows for fees more than 95% less than Ethereum. This provides a fast and cheap use for user-friendly dApps.

Team Members

Mode Network has a team of approximately 15 people comprised of experienced and knowledgeable individuals in the Web3 sector. The team, founded by James Ross, consisting of experienced software developers and analysts, has an innovative perspective.

Founder Ross, is an experienced name who has previously worked on the growth of the Web3 world at one of the leading organizations, Hype, and has worked on several blockchain projects like BNB Chain, Polygon, Near, Algorand, dYdX, Dfinity, Eigenlayer, Sui.

So far, no information has been shared regarding the native token access of Mode Network. Stay tuned for details!

The post Mode Network: Innovative DeFi Project! appeared first on Coin Engineer.

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Algo Foundation announced that the X (formerly Twitter) account of its CEO Staci Warden was stolen. In the post, the community was warned to avoid clicking on links and responding to messages on the account.

@StaciW_DC’s account has been compromised.

Please do not click on any links on her account or respond to DMs.

We are in the process of recovering it.

— Algorand Foundation (@AlgoFoundation) January 26, 2024

The post Algorand Foundation CEO’s X Account Stolen! appeared first on Coin Engineer.