RWA altcoin projects have shown remarkable growth despite the general market decline in December. Some RWA tokens, in particular, have continued to rise despite the challenging market conditions, showing their potential for future performance. Crypto analyst Aaryamann Shrivastava examines these five noteworthy RWA tokens.
The first RWA altcoin: Reserve Rights (RSR)
RSR saw a sharp correction in the second half of the month, but it surged 35% in December. This rally marked the altcoin’s 2024 high, demonstrating strong momentum ahead of the pullback. Investors remain optimistic about the potential for the RWA altcoin price to recover in the coming weeks. Currently trading at $0.013, RSR is significantly below its 2024 high of $0.027. With RSR’s immediate target being to reclaim the $0.015 support level, this level could signal a major continuation of the uptrend.
HBAR: Uptrend After Consolidation
HBAR has largely consolidated throughout the month. However, it has managed to catch the attention of investors with a 56% increase in December. HBAR was trading at $0.266 at the time of writing. With the increasing market interest, it has shown strong potential. It is now aiming to break out of the consolidation range between $0.392 and $0.250. In order to do so, HBAR will need broader market conditions to support its move towards $0.476. This breakout could solidify the altcoin’s bullish momentum and potentially lead to further gains.
CPOOL: High Growth Despite Small Market Cap
CPOOL has surged by 57% in the past month, making it a notable player despite its small market cap. The altcoin, which has attracted the attention of both individual and institutional investors, is currently trading at $0.40. CPOOL is struggling to close above the critical resistance level of $0.53. If it breaks this level, the altcoin could be on track to reach a target of $0.60 or higher, which could indicate continued bullish momentum.
ONDO: Recovery Expected with Slow Momentum
ONDO has gained just 7% over the past four weeks, making it the lowest-growing altcoin among RWA tokens. Currently trading at $1.31, ONDO is drawing attention as investors eye its potential for recovery despite the slow momentum. ONDO is aiming to hold above the $1.24 support level and turn $1.48 into a support base. Reaching this critical point could help the altcoin recoup its losses and start a stronger uptrend. Therefore, it is crucial for it to retarget the $2.00 level.
ZKJ: Strong Performance in December
ZKJ has been on a strong run in December, rising 38% to $2.02. This impressive rally reflects the growing market interest in the altcoin and positions it as a standout altcoin. Currently consolidating between $2.06 and $1.93, ZKJ is aiming to turn the $2.06 support level to continue its uptrend. Investor support and favorable market conditions should help the altcoin maintain its momentum and rise.