Crypto Roars Back: Market Hits $3.8T as RWA Sector Explodes (While ONE Token Gets Left Behind)
Crypto's back with a vengeance—total market cap punches through $3.8 trillion as real-world asset tokens steal the spotlight. Meanwhile, Harmony's ONE token fumbles the rally. Traders pile into RWA projects like digital goldrush prospectors, proving once again that when Wall Street sniffs yield, even blockchain purists get trampled in the stampede.
RWA Sector Flexes Muscle
Tokenized real estate, commodities, and debt instruments are eating DeFi's lunch—yield-hungry institutions finally found their on-ramp. No surprise here: when you repackage old financial products with blockchain glitter, bankers suddenly 'get it.'
ONE Token's Silent Crash
Harmony's native token trails the broader market surge—another reminder that in crypto's Darwinian ecosystem, first-mover advantage means nothing without relentless execution. But hey, at least the 'we're building through the bear market' tweets made for good meme material.
The closer? This rally's got legs—until the next 'macroeconomic headwind' gives hedge funds an excuse to take profits and blame the Fed. Place your bets.
Key Takeaways
The total crypto market cap reclaimed $3.8 trillion. RWA is the top-performing category, up 6.9%. KTA, INJ and XLM lead this sector by gains. Will this continue for the rest of the week?
The total crypto market reclaimed the $3.8 trillion mark on the 4th of August, recovering from a dip below $3.70 trillion.
Market cap ROSE 2.3% in 24 hours, marking a short-term break from recent corrections.
Among all categories, the Real World Asset (RWA) crypto sector led by gains averaging 6.9% as of the 4th of August. Naturally, questions followed—was this just a flash rally, or the start of something bigger?
Top-performing RWA tokens
Stellar [XLM], Injective [INJ], and Keeta [KTA] led the RWA rally, notching gains of 9.34%, 7.16%, and 7.09% respectively, at press time.
Additionally, Algorand [ALGO], chainlink [LINK], Quant [QNT] and XDC Network [XDC] appeared in this list as well.
Having said that, ONDO Finance [ONDO]—despite its dominance in the RWA narrative—rose only 2.56%, cooling off after headlines last week.
Source: Coingecko
This attention to RWA tokens likely stemmed from the recent WHITE House report which spotlighted ONDO for its tokenization potential. In fact, ONDO’s focus on institutional-grade RWA tokenization has made it a unique player in this niche.
Source: X
But are these gains sustainable, or just a reactive spike?
Price analysis of KTA, XLM and ONDO
Focusing on the top caps, Keeta, XLM, and Ondo were the most stable in terms of fluctuations.
Keeta’s [KTA] price closed at $1.07, trading above the middle Bollinger Band, signaling strength as of the 4th of August. Notably, the recent pullback to $0.91 appears to have served as a retest before this rebound.
The On Balance Volume sat at 6.341 million, showing early signs of accumulation, per TradingView.
Source: TradingView
Stellar traded at $0.4083, sitting just above its SuperTrend support at $0.4042. While the price broke above a short-term trendline, it began showing signs of local weakness on the hourly chart.
Since the 25th of July, the altcoin had been in a broader downtrend. Naturally, if the hourly flips bearish, this rally might pause.
Source: TradingView
Despite being the third-largest RWA token by market cap, ONDO only posted a 2.56% gain as of 4 August. Compared to others, the token underperformed, though its fundamentals remain strong.
Source: CoinMarketCap
Final take
In conclusion, ONDO stood the chance of leading this sector despite the modest gains. Chainlink and Stellar were not entirely focused on tokenization, thus their diversification could also be a boost.
But with August’s reputation for volatility, traders may remain cautious.
Even so, for risk-tolerant investors, this period is often viewed as a time to accumulate ahead of Q4 rallies.
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