The post 5 Real World Assets (RWA) Altcoins to Trade in July 2024 appeared on BitcoinEthereumNews.com.

Bitcoinworld has put together 5 of the biggest Real World Assets (RWA) altcoins that you should watch in the coming month. The crypto market has been observing different kinds of assets take the spotlight every now and then, and the newest addition to this list is Real World Assets (RWA).  Joining the Artificial Intelligence (AI) altcoins in terms of popularity and demand, these tokens are a different breed altogether. Real-world assets refer to tangible items with inherent value, such as real estate, commodities, and physical goods. These assets are increasingly being tokenized for easier trade and investment in digital markets. The protocols enabling this operation have their own tokens that have noted demand; however, choosing the most optimal token for investment is still troublesome. Hence, Bitcoinworld has put together some of the biggest RWA altcoins that you should watch in the coming month. Avalanche (AVAX)  Avalanche’s price fell to a seven-month low, with prices reaching levels last noted in December 2023. Trading at $28.48 at the time of writing, AVAX is above a key support level of $27.72. The Relative Strength Index is also noting an uptick. The RSI is a momentum oscillator used in technical analysis to measure the speed and change of price movements.  It ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 indicating oversold conditions. Bouncing back from the oversold zone, AVAX could be looking at a close above $31. Once this critical support is reclaimed and RSI tests the neutral line as support, a bullish outcome will be confirmed. Nevertheless, one should never dismiss the volatility that the market presents. If the breach fails, Avalanche’s price could fall to $24, losing, which would invalidate the bullish thesis. Chainlink (LINK) Chainlink’s price is not different in terms of performance, except…

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Filed under: News - @ June 30, 2024 11:10 pm