2023-11-7 21:30 |
Many altcoins are seeing massive price swings right now in the crypto market. One altcoin that has been on an absolute tear is $RVST, which has exploded 83% in the last 7 days and is now trading around $0.22.
$RVST is the native token of Revest Finance, a protocol focused on bringing real-world assets (RWAs) like invoices, music royalties, and real estate to decentralized finance. The project aims to allow institutions to extract more value from their tokenized assets through platforms like Resonate.
Resonate enables institutions to claim future yields from tokenized assets upfront at a discount. For example, an institution could get $45,000 now instead of waiting a year to get $50,000 in yield. This provides instant liquidity and opportunities to generate additional yield.
According to Professor X’s X (Twitter) post, $RVST is poised for massive growth for several key reasons:
Billions in traditional finance money is flooding into crypto and RWAs through tokenization $RVST offers a way for institutions to extract even more value from tokenized assets The project has struck gold with the Resonate platform and its Financial NFT engine Trillions in assets are likely to get tokenized, presenting a huge opportunity for $RVST The team recently partnered with OpenTrade, a leading tokenization platform There are rumors of a partnership with Hashnote, which saw a 500% increase in TVL to $52.4 million in just 3 daysWith major tailwinds behind asset tokenization and institutions eager to maximize yields, $RVST seems strategically positioned to capitalize on this exploding trend. The token has very low market cap relative to the total addressable market, signaling it could have tremendous room to run.
As more partnerships get announced and adoption increases, $RVST may continue its parabolic ascent. Crypto investors will be closely monitoring this explosive altcoin in the days and weeks ahead.
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The post This Overlooked Altcoin Could Follow in Rollbit and Kaspa’s Footsteps: 5 Reasons Why RVST Is Set to Explode appeared first on CaptainAltcoin.
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