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.Â
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.Â
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.Â
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.Â
AVAX’s Balance of Power (BoP) currently indicates buyer strength, with a score of 0.64, suggesting a possible upward breakout soon.Â
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.Â
VeChain remains a leader in real-world enterprise applications, making its token valuable for those interested in RWA projects.Â
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.Â
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.Â
Summary Table: RWA AltcoinsÂ
Altcoin | Current Price | Possible Upside Target | Possible Downside Risk |
PENDLEÂ | $4.34Â | $6.31Â | $3.16Â |
AVAXÂ | $27.94Â | $55.07Â | $17.33Â |
VETÂ | $0.02Â | $0.04Â | $0.01Â |
ONDOÂ | $0.78Â | $1.09Â | $0.50Â |
LINKÂ | $7.35Â | $15.47Â | $11.24Â |
Keep an eye on these altcoins as they continue to show potential in the market.Â
Disclaimer
FAQ
Cryptocurrency is a digital form of currency secured by cryptography, not controlled by governments or banks.
Cryptocurrency wallets are digital tools for storing and managing your crypto assets.
Best practices for crypto investment include research, diversification, investing what you can afford to lose, and avoiding hype-driven investments.
