Real Estate Tokens Gain Over 4% During April
Real Estate Tokens Gain Over 4% During April
May 11, 2020
Real Estate Tokens Gain Over 4% During April
Real Estate Tokens Gain Over 4% During April
May 11, 2020

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.

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%

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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


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.