In the month of October, tokenized RWA altcoins will bring interest in the crypto market. If you are one of those planning to diversify your portfolio, here are five RWA-based altcoins that could exhibit promising gains this month.
Pendle (PENDLE)
Pendle has surged by 27% in the past week, making it a key altcoin to monitor. Trading at $4.34, the token has been moving along an upward trend line. This indicates strong market demand. If Pendle stays above this trend, it could reach $6.31. However, if selling pressure increases, the price might drop to $3.16.
Pendle Protocol is also releasing 31,210 tokens daily, starting from October 2. While this gradual increase in circulating supply may slightly affect the price, it’s not expected to cause a sharp drop.
Avalanche (AVAX)
Avalanche’s native token, AVAX, has seen an 8% increase, reaching $27.94. It’s approaching a major resistance level of $28.66. If the token breaks this resistance, the price could rise toward $55.07. However, if the resistance holds, the price might drop back to $17.33.
AVAX’s Balance of Power (BoP) currently indicates buyer strength, with a score of 0.64, suggesting a possible upward breakout soon.
VeChain (VET)
VeChain has rallied 14% over the past week, trading at $0.02. It recently broke above a descending triangle, a positive sign for further price growth. If VET successfully retests this breakout line, it may climb to $0.04. If the retest fails, however, it might fall back to $0.01.
VeChain remains a leader in real-world enterprise applications, making its token valuable for those interested in RWA projects.
Ondo (ONDO)
ONDO has seen a 24% price hike, currently trading at $0.78. Its Relative Strength Index (RSI) is at 66.87, showing strong buying activity. If the rally continues, ONDO could reach $0.87, with a potential push to $1.09. However, if sellers step in, the price may fall to $0.50.
Chainlink (LINK)
LINK has grown by 10% this week, fueled by rising user activity and an increase in unique active addresses (up 13%). If demand continues, the token could reach $15.47. However, if accumulation slows down, the price might pull back to $11.24.
Summary Table: RWA Altcoins
Altcoin Current Price Possible Upside Target Possible Downside Risk PENDLE $4.34 $6.31 $3.16 AVAX $27.94 $55.07 $17.33 VET $0.02 $0.04 $0.01 ONDO $0.78 $1.09 $0.50 LINK $7.35 $15.47 $11.24
Keep an eye on these altcoins as they continue to show potential in the market.
