đ±đ„2 Real World Assets (RWA) Altcoins to Trade in September 2024đ„đ„
Ranked as the 110th most valuable project in the crypto market, Pendle enables trading and tokenization of future yields. This makes it one of the top RWA altcoins to watch out for in September.
In addition, $PENDLE is currently undergoing daily token unlocks. While the amounts are relatively small, these unlocks can still impact the tokenâs price. However, once this period stabilizes, the RWA altcoin could see an upswing.
Over the last seven days, PENDLEâs price has already risen by nearly 20%. According to the daily chart, the token is trading within an ascending channel. Thanks to its yield potential, PENDLE may attract increased interest from market participants.
If buying pressure grows, the token could climb to $3.90 in the short term. On the other hand, if selling pressure rises, PENDLEâs value could dip below $2.
Maker ($MKR )
MKR, the governance token of the MakerDAO project, made headlines in August for positive developments. Two weeks ago, leading crypto asset management firm Grayscale added MKR to its expanding list of investment funds.
During the same period, network activity on the Maker Protocol surged, contributing to a price retest of $2,000. Currently, #MKR trades at $2,115. While it remains significantly below its all-time high, MKR stands out as one of the top RWA altcoins to watch in September.
According to the daily chart, MKR has been trading in a narrow range between $1,868 and $2,201 since August 8. Bears appear to be attempting another push below the $2,000 level, but strong support at $2,024 could help hold the price above that key threshold.
