Altcoins in the realm of real-world assets (RWA) are attracting attention again this week, with Sky (SKY), Plume (PLUME), and Centrifuge (CFG) showing completely opposite trends.
SKY leads with a 21% increase this week, thanks to the strong adoption rate of the newly upgraded ecosystem based on Maker.
PLUME dropped 19% following news of the project's co-founder's death, despite just launching the mainnet and being supported by many major investors.
Meanwhile, CFG has risen over 14% in 24 hours after announcing it reached the milestone of $1 billion and expanded access to RWA on Solana.
Sky (SKY)
Sky Protocol (SKY) is a DeFi system developed as the next step of the Maker Protocol. This protocol introduces new upgrade tokens USDS and SKY, directly inheriting from DAI and MKR.
In the past 7 days, SKY has risen over 21%, becoming the best-performing token among the top 10 RWA altcoins.
With a current market capitalization of over $1.9 billion, optimism around this token is increasing. If the upward momentum continues, SKY could test the resistance level at $0.094 and even aim for the $0.1 mark.
However, if the market reverses and the support level at $0.075 is broken, the next downside targets will be around $0.069 and $0.0635.
Plume (PLUME)
Plume Network (PLUME) is a layer 1 blockchain focused on bringing RWA into DeFi through tokenization.
The project is backed by major companies like YZi Labs and Apollo Global. Recently, they also launched the long-awaited Genesis mainnet to support profitable RWAfi assets.
However, the sudden and tragic death of co-founder and CTO Eugene Shen has caused confusion, speculation, and a wave of sell-offs in the market.
Despite Plume having a solid investor base and connecting over 200 projects, public confidence has been severely affected as trading volumes soared and many rumors circulated regarding the circumstances surrounding Shen's death.
In the past 7 days, PLUME has dropped 19%, reducing its market capitalization to $199 million.
The ongoing correction puts this token at risk of falling below the $0.9 mark if negative sentiment continues to persist.
Conversely, if the trend reverses, PLUME may test the resistance level at $0.115, with potential next targets of $0.128 and $0.142 if the upward trend is solidified.
Centrifuge (CFG)
Centrifuge (CFG) is a platform for tokenizing RWA. This platform helps asset managers bring on-chain financial products and provides investors access to a diverse portfolio of tokenized assets with transparent and real-time data.
The protocol recently expanded to Solana by launching deRWA tokens—real-world assets that can be freely transferred.
They can be traded, lent, or used as collateral on major DeFi platforms on Solana such as Raydium, Kamino, and Lulo.
Two days ago, Centrifuge announced it surpassed the $1 billion mark in total RWA value funded—a significant milestone for this sector. In the following 24 hours, the price of this altcoin surged 14% to a peak of $0.21, before dropping back to $0.19 at the time of writing.
Centrifuge's native token, CFG, is currently trying to break through the price range of $0.2–0.21, with the next target potentially reaching $0.264 if the upward trend continues.
On the flip side, if the support level at $0.177 is broken, CFG may adjust to the $0.167 range.
The recent price surge reflects renewed investor interest amid solid fundamental progress and increased application in the DeFi space.