Top 3 RWA Altcoins to Trade This July

The cryptocurrency market continually evolves, with different types of assets gaining prominence. Recently, Real World Assets (RWA) have captured investor interest. These assets refer to tangible items with intrinsic value, such as real estate, commodities, and physical goods, now being tokenized for digital markets. Here, we highlight three RWA altcoins worth trading in July: Avalanche (AVAX), MANTRA (OM), and Chainlink (LINK).

Avalanche (AVAX)

Avalanche, a highly scalable and decentralized platform, is known for its impressive transaction speed and low fees. The price of AVAX recently fell to a seven-month low, trading around $28.48. Despite this dip, AVAX shows potential for recovery. The Relative Strength Index (RSI), a momentum oscillator used in technical analysis, indicates that AVAX might bounce back from its oversold zone. If AVAX can close above the key support level of $31, it could mark a bullish turn for the token.

Investors should be aware of the inherent volatility in the crypto market. A failure to breach the current resistance could see AVAX dropping to $24, invalidating the optimistic outlook. Nevertheless, Avalanche’s robust technology and growing ecosystem make it a compelling option for traders looking to capitalize on potential rebounds.

MANTRA (OM)

MANTRA is a Layer-1 security RWA blockchain that stands out for its permissionless capabilities for permissioned applications. Despite being relatively unknown, MANTRA has shown significant growth potential. In June, OM registered a 55% growth, although it faced a setback after failing to breach the $1.04 mark. However, it managed to sustain a critical support level at $0.64, which has held firm for over three months.

The RSI for MANTRA is nearing the bullish zone, suggesting a possible uptrend. If MANTRA maintains its support and gains momentum, it could see a positive trajectory. However, losing this support level could result in substantial losses, with prices potentially falling below $0.50. For investors willing to take calculated risks, MANTRA offers an intriguing opportunity in the RWA space.

Chainlink (LINK)

Chainlink is renowned for its dominance in the Oracle space, providing real-world data to smart contracts on the blockchain. LINK has performed relatively well, maintaining its critical support level at $12.9. This support has allowed LINK to potentially recover and aim for higher targets. The RSI for LINK is close to entering the bullish zone, which bodes well for its price movement.

Chainlink’s strong fundamentals and market demand suggest a recovery target of flipping $16.5 into support over the next month. However, if unforeseen circumstances cause LINK to break its support at $12.9, it could slip to an eight-month low of $11.9. Chainlink’s established reputation and essential role in the blockchain ecosystem make it a noteworthy RWA altcoin to consider for July trading.

In summary, Avalanche, MANTRA, and Chainlink each offer unique value propositions and potential for growth in the RWA market. While each comes with its own set of risks, the current market conditions and technical indicators suggest that these altcoins could be promising additions to an investor’s portfolio in July. As always, it’s crucial to conduct thorough research and consider market volatility before making any investment decisions.

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Disclaimer !! The information provided by CryptopianNews is for educational and informational purposes only. It should not be considered financial or investment advice. Cryptocurrency markets are highly volatile and speculative, and investing in them carries inherent risks. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.