RWA (Real World Asset) has been a hot topic over the past time not only because of the strong growth of this group of coins but also the continuous penetration of organizations and governments of countries. If you are a retail investor looking to diversify your investment portfolio or explore new opportunities, this analysis will highlight some of the most promising RWA coins to consider this October.
Here are 3 notable coins of this ecosystem:
1.Pendle ($PENDLE )
Ranked as the 98th most valuable project in the cryptocurrency market, Pendle allows for trading and tokenization of future yields. This makes it one of the potential RWA coins in October
In addition, PENDLE is currently undergoing daily token unlocks. Although the amount is not large, these unlocks can still affect the price of the token. However, once this phase stabilizes, the RWA altcoin could see a price increase.
2. Ondo ($ONDO)
This list would not be complete without Ondo, which has been considered the flagship coin of the RWA ecosystem on several occasions. Over the past 30 days, ONDO has seen a decline but has recovered from the previous month. While this may be discouraging for some market participants, this analysis suggests that this decline is a rare buying opportunity.
A major reason for this thesis is the speed at which BlackRock is buying the altcoin. Based on the current trend, the US investment giant could buy more ONDO in October. From a technical perspective, seller exhaustion appears to be setting in as the token forms a descending triangle. ONDO is currently trading at $0.73 and could slide to the $0.67 support level.
3. Maker ($MKR )
MKR, the governance token of the MakerDAO project, has been in the spotlight in August with positive developments. Last month, leading crypto asset management firm Grayscale added MKR to its growing list of investment funds.
During the same period, network activity on the Maker Protocol has skyrocketed, contributing to a retest of the $1,500 price point. Currently, MKR is trading at $1,600. Although still significantly below its all-time high, MKR stands out as one of the potential RWA coins in October. This is a bottom-fishing opportunity for investors interested in owning this powerful token
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This is not an investment advice. Be careful !
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