Points
- Real World Asset （RWA） tokens continue to attract attention, with a combined value of $35 billion.
- BeInCrypto highlights five RWA tokens with significant potential for investors.
- Key RWA tokens include Avalanche, Maker, Lumerin, MANTRA, and Maple.
The Real World Asset （RWA） sector remains a hot space in the cryptocurrency market, with the combined value of all such tokens amounting to $35 billion. Identifying the best RWA tokens to add to one’s portfolio can be challenging, but BeInCrypto has highlighted five RWA tokens that investors should keep an eye on for August 2024.
Avalanche （AVAX）
Despite not showing stellar increases this month, Avalanche’s （AVAX） price remains a must-have token due to its growing adoption. The California DMV recently digitized 42 million car titles on the Avalanche network, streamlining vehicle title transfers. Avalanche’s price is currently stuck under the 23.6% Fibonacci Retracement line at $32.98, and securing this as support could trigger a recovery. However, failure to breach this line will continue AVAX’s consolidation above the support at $24.43.
Maker （MKR）
Maker’s （MKR） price is expected to surge with the launch of Endgame, a proposal made in 2022. Maker DAO has been working towards scaling the subDAO ecosystem and increasing the DAI supply to 100 billion. Set to launch in the summer of 2024, MKR could breach the resistance at $3,159 and secure $3,000 as a support floor, enabling further growth. However, losing the $2,555 support floor could lead to a fall to $2,271.
Lumerin （LMR）
Lumerin （LMR） has emerged as one of the best-performing Real World Assets, rising over 142% in the last month. The altcoin’s price rose from $0.009 to $0.022 and is approaching a major resistance at $0.026. Breaching this resistance would enable further rallying for LMR, but failure could send it back to $0.019, potentially wiping out recent gains.
MANTRA （OM）
MANTRA （OM） has seen a massive rally, establishing a new all-time high at $1.41 in July. However, the crypto asset has since declined, erasing a third of its recent profits and losing support at $1.20. OM is still holding above $1.04, and if this support is lost, the altcoin could drop to $0.95. Falling below this level could send OM down to $0.79.
Maple （MPL）
Maple （MPL） saw a 55% rise in July and is currently trading at $17.97. The biggest barrier to MPL’s rise has been $21.06, which it has failed to breach twice. If MPL can close above this level, it could rise to $25.76. However, failing to sustain above the support of $15.51 could send MPL to $11.16, invalidating the bullish thesis.
解説
- Real World Asset （RWA） tokens like Avalanche, Maker, Lumerin, MANTRA, and Maple represent significant opportunities in the cryptocurrency market.
- The adoption of Avalanche for digitizing car titles demonstrates the practical applications and growing acceptance of blockchain technology.
- Maker’s Endgame launch and the scaling of the DAI supply highlight the potential for substantial price increases in MKR.
- Lumerin’s impressive performance showcases the volatility and potential for high returns in the RWA sector.
- Investors should monitor key support and resistance levels for these tokens to make informed trading decisions and capitalize on potential gains.