Real estate tokens have gained an average of 4.27% during April, while top securities tokens suffered losses for the month.
It has been reported that according to the Security Token Group, the combined capitalization of security tokens fell 8% in total, comprises one of the worst months on record for the nascent sector.
However, April also saw the combined trading activity for security tokens plunged by 38%.
The real estate token markets for single-family homes on Patton St, Lesure St, and an apparent building on Appoline St in Detroit all saw big gains in volume this month.
Tokenized real estate posted April gains despite the month comprising one of the worst on record for the security token sector as a whole https://t.co/niVsGYUbIs — Cointelegraph (@Cointelegraph) May 11, 2020
It has been analyzed that trade activity for the property on Appoline St almost doubled to post nearly $25,800 alongside a price gain of 1.37%, while Patton’s St increased almost 50% to $10,600 with a 1.81% price gain. Lesure St’s volume increased 38% to $6,042 with a price gain of 1.75%.
In spite of trade activity falling, tokens for homes on Fullerton Ave, Auboden St, and Marlowe St posted price gains of 8.74%, 7.19%, and 4.78%.
Thus, with the property tokens also paying double-digit interest annually, the report highlights that “the return for investors is closer to 6% in just a month of April” on average across the sector.
Source: Cointelegraph | Image: Pixabay