RWA track explodes ahead! Analysts are most optimistic about these 3 types of currencies, one of which has pumped 120%

RWA Track is the first to break out!

Real World Assets (RWA), has recently attracted widespread attention from the global financial community, including Wall Street giants such as BlackRock, Grayscale, and Franklin Templeton, all gradually investing funds in the RWA field.

Real World Assets (RWA) refers to the tokenization of tangible assets existing in the real world, such as real estate, stocks, bonds, precious metals, and commodities, abandoning the traditional centralized financial system management and transactions, and instead conducting transactions and management on-chain in a decentralized manner.

By tokenizing RWA, tangible assets can circulate in the Decentralized Finance ecosystem in the form of digital tokens, obtaining higher Liquidity and lower Transaction Cost. As of now, the total market value of the RWA market has exceeded 10 billion USD, becoming one of the core trends in the encryption market in 2024.

And with the continued hot market for encryption currencies in November, analysts have also listed the most promising '3 RWA Tokens' that have performed well this month and are expected to usher in the next round of explosive growth in December.

Avalanche（$AVAX）

Avalanche ($AVAX) is a high-performance Layer 1 blockchain, and its native coin $AVAX has risen by 20% in the past week, reaching $43.72 at the time of writing.

Analysts pointed out that the Directional Movement Index (DMI) of $AVAX shows a positive indicator (blue) higher than the negative indicator (red), suggesting that the price of $AVAX may further impact the resistance level of $47.02.

Image source: TradingView analysis chart

Once it breaks that point, $AVAX could potentially challenge $55.10, however, if market sentiment weakens in the short term, the price could also pullback to around $35.66 to gather momentum.

Chainlink (LINK)

Chainlink (LINK), which occupies a leading position in the oracle field, has also risen by over 20% in the past week, reaching a new high of $17.98 as of the time of writing since June.

Technical Analysis shows that the price of $LINK has stabilized above the green line of the super trend indicator, which is an intuitive Technical Analysis tool. The green line indicates bullish, while the red line represents bearish.

Image source: TradingView analysis chart

Analysts pointed out that $LINK has received continuous support on the green line, which means that the price may further challenge the key resistance level of $19.38. Once it breaks through this level, $LINK may retest the year's high of $22.87. However, if the market suddenly turns bearish, the price may fall back to $17.22.

Artrade（ATR）

Compared to the two well-known mainstream projects $AVAX and $LINK, Artrade ($ATR) is a typical dark horse. As a blockchain platform focusing on art trading, the native token $ATR has surged by 126% in the past 7 days, reaching a current price of $0.03689, refreshing a six-month high.

Analysts pointed out that the 50-day Simple Moving Average (SMA) of $ATR successfully crossed above the 200-day SMA on November 23rd, forming the so-called 'golden cross', which is an extremely strong bullish signal.

Image source: TradingView analysis chart

If the upward trend of $ATR continues, the price is expected to challenge the resistance level of 0.042 dollars; however, if the buying pressure in the market is insufficient, the value of $ATR may fall to 0.026 dollars.

Disclaimer: The market is risky, and investment should be cautious. Analyst views are for reference only. Users should refer to more diverse indicators to determine whether to invest and consider whether any opinions, views, or conclusions in this article are applicable to their specific situation. Investing based on this is at your own risk.

The RWA track erupted first! Analysts are most optimistic about these 3 currencies, one of which has pumped up 120%. This article was first published in the city of encryption.