The world of cryptocurrency is witnessing the rise of a new type of asset known as Real World Assets (RWA). These tokens, gaining popularity alongside AI altcoins, represent a unique addition to the market. Increasingly, these assets are being tokenized to facilitate trading and investment in the crypto space. Here are three notable projects in this area.
AVAX Chart Analysis
The price of Avalanche has dropped to its lowest level in seven months, reaching levels last seen in December 2023. Currently, AVAX is trading at $28.48, above the crucial support level of $27.72. The Relative Strength Index (RSI) also indicates an upward trend, suggesting a potential bullish movement if AVAX can close above $31.
LINK Chart Analysis
Chainlink’s price performance is similar to Avalanche, except for one key difference. Unlike AVAX, LINK did not lose its critical support and instead rebounded. The RSI’s proximity to the bullish zone above the neutral line is also a positive sign for LINK, considering its dominance in the Oracle space.
MAKER Chart Analysis
MakerDAO’s native token, Maker, is showing signs of active recovery after hitting its lowest level in several months in June. The RSI data for this asset is already in the bullish zone, and if the resistance level of $2,693 is surpassed, a rise to $3,000 to $3,159 is expected before the end of July.
Disclaimer:
The information in this article is not to be considered investment advice, as cryptocurrencies carry high volatility and risk. Investors should conduct their own research before making any investment decisions.
