RIO, the native cryptocurrency of the Realio network, is currently a hot topic on Google and X, with its price soaring by over 16% in the last 24 hours.
In the spotlight for the past week, the price of RIO tokens has surged from $0.8938 on March 20 to a peak of $2.522 on March 27, showcasing a remarkable growth of 197%. The project, which focuses on tokenizing real-world assets, is capitalizing on the excitement surrounding this innovative concept.
The Realio Network is a decentralized finance marketplace powered by Real World Assets (RWAs). Established in 2018 and headquartered in New York, the project aims to create a tokenized ecosystem for real-world assets.
Real-world asset tokenization involves converting the ownership of physical assets to a blockchain. By dividing assets like commodities and real estate into tradable tokens, this process opens up investment opportunities to a wider audience and helps overcome geographical constraints, thereby increasing liquidity in markets.
While the concept of RWAs is not new, the sector has seen a surge in interest following the launch of BlackRock’s Institutional Digital Liquidity Fund for USD. The announcement by BlackRock led to a significant price increase for various projects involved in the sector.
Notably, the $10 trillion asset manager transferred 10,000 RIO tokens to a wallet associated with its new fund, resulting in a 47% price surge in a matter of hours. According to crypto analyst Xremlin, RWA tokenization has the potential to become a $16 trillion market by 2023, with BlackRock’s entry expected to drive exponential growth in the sector.
Xremlin and other analysts anticipate significant growth for RIO in the coming years, with projections ranging from a 100X increase by 2024-2025 to achieving double-digit prices in the near future.
As of now, the project’s 24-hour trading volume has increased by 105%, and its market capitalization has grown by over 24% to $16.7 million.
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