Rumors suggest they’re holding a massive 500,000 $BTC
But this altseason, their focus is shifting to RWA sector, which could be next big play
Let’s break down top RWA tokens and their potential 👇🧵
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BlackRock is one of the largest investment firms in the world.
Currently, they stand as the biggest institutional investor in the crypto market.
BlackRock’s CEO has repeatedly stated that the company sees tremendous potential in cryptocurrencies.
News broke today that BlackRock’s Bitcoin ETF has reached a new milestone, currently holding over 500,000 $BTC
This achievement makes it the third-largest ETF in the U.S., surpassing Invesco’s QQQ in year-to-date inflows.
Following this news, the market saw a noticeable uptick, with the RWA sector leading the charge.
This comes as no surprise, considering RWA is BlackRock’s primary focus in crypto after Bitcoin.
Their top pick, $ONDO, has already surged by over 200%
Today, I analyzed the RWA sector to identify promising tokens for the upcoming altseason.
Here are 5 tokens I believe have significant growth potential this December 👇
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AVAX is the native coin of the Avalanche Layer One blockchain.
Over the past week, the token has grown by 28%.
In the coming month, it’s one of the most promising tokens in the RWA sector.
The token has currently broken through the resistance level at $50 and is trading at $50.35.
AVAX’s Directional Movement Index (DMI), based on the daily chart, confirms the bullish momentum.
The coin’s positive directional index (blue) is above the negative directional index (orange), indicating the market’s upward trend.
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If this trend continues, the price of AVAX could rise to $60.53
However, if the bullish momentum weakens, the price could return to the previous range of $43.17 - $49.37
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$LINK
The leading oracle network, Chainlink, is powered by its LINK token, which has surged by 54% in the last seven days.
This makes it another RWA token to watch this December.
LINK is currently trading at $24.14, a price not seen since January 2022
As of this writing, LINK is trading above the green line of its Super Trend indicator, confirming the uptrend.
This indicator measures the overall direction and strength of an asset’s price trends.
Over the past few days, the token has managed to break through two resistance levels.
If the token manages to hold above this level, the next target will be the resistance at $28.47
However, if the bulls lose momentum, the price could drop back into the range of $18.99 - $21.68
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$ATR
Artrade is an online marketplace for real-world art pieces. Its native token, ATR, has surged 148% in the past seven days.
ATR is now trading at $0.056, a price last reached in April.
On November 23, ATR’s 50-day Simple Moving Average (SMA) crossed above its 200-day SMA on the daily chart, creating what’s called a “golden crossover” — a powerful bullish indicator pointing to potential upward price movement.
Since the crossover, ATR’s price has skyrocketed by 179%, hitting a nine-month high of $0.056 at the time of writing.
The next significant level of resistance is at $0.067
If a reversal occurs, the first support target will be $0.048, followed by $0.039
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IOTA is the native token of the decentralized, open-source distributed ledger platform, IOTA.
IOTA is currently trading at $0.50, a price not seen since May 2022
Despite the recent pullback from its price peak, the bullish sentiment around the altcoin remains strong.
This is supported by the setup of its Parabolic Stop and Reverse (SAR) indicator.
As of now, the dots of the SAR indicator are positioned below IOTA's price, confirming the uptrend.
The token is currently testing the $0.50 resistance level, and if it breaks through, the next target could be $0.76
However, if the trend reverses, the token might drop to $0.36
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$XDC
The XDC network, powered by its XDC token, is an enterprise-grade blockchain platform designed for tokenizing real-world assets and financial instruments
Over the past week, the token has surged by 61% and is currently trading at $0.077
The last time it was at this price level was in August 2023
The token’s rising moving average convergence divergence (MACD) confirms the bullish bias towards it.
As of this writing, the token’s MACD line (blue) rests above its signal line (orange).
The price is currently attempting to hold above $0.074, and if successful, the next target could be $0.091
However, if the bullish trend weakens, the price could drop to $0.059
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