Best 5 Real World Assets Altcoins to Trade in September 2024

1. Maker (MKR)

Maker (MKR) is the governance token of the MakerDAO project. It recently gained attention due to positive developments in August. Grayscale, a leading crypto asset management firm, added MKR to its list of investment funds. This news led to a surge in network activity on the Maker Protocol, which pushed the price to retest the $2,000 mark. 

Currently, MKR is trading at $2,115. Though this is below its all-time high, MKR remains one of the top RWA altcoins to watch in September. The daily chart shows that MKR has been trading in a narrow range between $1,868 and $2,201 since August 8. Bears are attempting to push the price below $2,000, but strong support at $2,024 might keep the price above this key level. 

If the support holds, MKR’s price could bounce towards the 61.8% Fibonacci level at $2,259. If this happens, the altcoin might rally towards the 38.2% Fibonacci level at $2,590 by the end of September. 

2. Ondo (ONDO)

Ondo (ONDO) is considered a flagship altcoin in the RWA ecosystem. Despite a 28% price decrease in the last 30 days, this could be a rare buying opportunity. One reason for this is the buying activity from Blackrock, a major investment firm. Based on current trends, Blackrock might purchase more ONDO in September. 

From a technical standpoint, the token appears to be forming a descending triangle, suggesting that sellers might be losing steam. ONDO is currently trading at $0.70 and could slide to the $0.65 support level. However, if it reaches this level, a rebound could occur. With strong buying pressure, ONDO might see a 90% increase, potentially reaching $1.25. 

3. Pendle (PENDLE)

Pendle (PENDLE) is ranked as the 110th most valuable project in the crypto market. It enables trading and tokenization of future yields, making it a top RWA altcoin to watch in September. PENDLE is currently undergoing daily token unlocks, which can affect its price. However, once this period stabilizes, the token could see an upswing. 

Over the last week, PENDLE’s price has risen by nearly 20%. The daily chart shows that the token is trading within an ascending channel. If buying pressure increases, PENDLE could climb to $3.90 in the short term. Conversely, if selling pressure grows, the token’s value might dip below $2. 

4. Mantra (OM)

Mantra (OM) is the native token of the “security-first” RWA Layer-1 blockchain, Mantra. Since July, OM has been among the top altcoins to watch. The token’s price is currently $0.94, marking an impressive 4,900% increase over the past year. 

OM is one of the few altcoins in the top 100 to hit a new all-time high in July. The token is now down 33% from that peak and is nearing a critical support level at $0.93. If it breaks below this support, the price could drop to $0.85, a strong zone for a potential bounce. 

If a rebound occurs amid positive market sentiment, OM’s price might rise to $1.11. However, if the market experiences a sell-off, the price could fall to $0.79. 

5. Axelar (AXL)

Axelar (AXL) rounds out this list. The past seven days have seen a 13.5% increase in AXL. Axelar is crucial in the RWA tokenization space as it facilitates cross-chain communication for large-scale enterprises. 

AXL, which is now trading at $0.61, might rise to $0.80 in September if it keeps up its trend and stays above $0.48. However, a breakdown is possible if bulls fail to sustain the uptrend. 

Summary Table of RWA Altcoins 

These altcoins present unique opportunities for investors in September 2024. Be sure to conduct your research before making any investment decisions.