Top 5 Real World Asset Coin to buy Now!

Investing has a whole new meaning in the exciting world of Real-World Asset (RWA) currencies! Imagine what it would be like to use the power of digital currencies to acquire a piece of real estate, a hint of gold, or even a work of fine art.

It’s like having the best of both worlds: the physical essence of dependable real assets mixed with the thrilling nature of the cryptocurrency market. In this post, we’ll examine the top 5 RWA currencies, which are transforming the relationship between cutting-edge blockchain technology and actual physical assets.

Chainlink (LINK)

Chainlink (LINK) is a fully decentralized oracle network with a clear primary goal to connect smart contracts with real-world data. This is why the name LINK stands out. It can best be described as an “ERC-20 token” that serves the secondary purpose of transmitting and calling according to ERC- 223. Led by Sergei Nazarov and Steve Ellis as co-founders, Chainlink (LINK)’s first ICO (Initial Coin Offering) took place in September 2017. The ICO raised $32 million in total, with a total of 1 billion LINK tokens being issued.

Price Today

Chainlink’s (LINK) current price is $19.84, and its 24-hour trading volume is $592,111,464.91. This indicates a price increase of 9.83% over the last seven days and 0.96% over the previous 24 hours. With 590 million LINK in circulation, Chainlink has a market capitalization of $11,654,082,808.

The price is bouncing nicely from the horizontal support zone. Currently, the price has broken the horizontal resistance zone and is retested successfully. Soon, It will pump hard.

Analyzing the LINK/USDT chart, it’s clear we are observing a 4-hour time frame with an uptrend in place, as the short-term MA7 is above the long-term MA30. However, the moderate trading volume suggests the trend lacks significant momentum. Resistance is found around $20.70, which is being tested, while support hovers at $18.50. For a trading strategy, there’s moderate confidence in a long position with an entry on a breakout above $20.70. The initial exit target would be at the same resistance level, ready to adjust if the price climbs further.

Price Prediction

Crypto analysts are forecasting that the LINK rate will reach around $22.38 by March 2024, taking into account Chainlink’s price movements since the start of 2023. The projected range is between $20.31 and $24.45. ROI potential is 22.2%.

Maker (MKR)

Maker (MKR) is a decentralized lending platform that allows users to lock in collateral and take out loans in exchange for DAO. The Maker Foundation started the project in 2015 with the goal of providing economic freedom and opportunity to everyone, anywhere. In 2017, Maker launched its governance token, Maker Governance Token (MKR), and its initial stablecoin iteration, Single Collateral DAO (SDAO), which was based on Ether (ETH). In 2019, the Maker Foundation released DAO (Multi-Collateral DAO), which phased out SDAO. Today, Maker is one of the most widely used and largest decentralized lending platforms. As of December 2020, it has a total value locked platform (TVL) of approximately $2,58 billion.

Price Today

Maker (MKR) is currently trading for $2,102.92, with a 24-hour trading volume of $85,133,447.50. This indicates a price gain of 5.83% over the last seven days and a decrease of -2.35% over the previous 24 hours. With 920 Thousand MKR in circulation, Maker has a $1,941,847,857 market capitalization.

The price has broken the bull flag chart pattern. Soon, it will pump aggressively.

MKR/USDT daily time frame chart shows that MKR has been trading in a consolidation pattern with a clear resistance line that has recently broken through. The bullish momentum that preceded the consolidation indicates a bullish trend. If the price breaks above the resistance line, which is usually a bullish sign, we could be looking at the beginning of another uptrend, with the potential for further price appreciation. Therefore, traders could be looking for positions on a pullback to the breakout line, which is now providing support, with higher resistance lines as potential profit-taking targets.

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Synthetix Network (SNX)

Synthetix, formerly known as Havven, was established in 2017. In 2018, they conducted a successful initial coin offering (ICO) and distributed 60 million HAV tokens. The team and foundation held a significant portion of these tokens with set vesting periods. In 2021, after a $12 million investment involving prominent companies like Coinbase Ventures, SNX reached an all-time high of $28.77. The integration of Synthetix’s Optimism Layer 2 in July 2021 further fueled excitement, resulting in an almost 20% increase in price. In September 2021, when Lyra introduced a new rewards scheme using Synthetix’s sUSD stablecoin, SNX experienced a 10% surge, and the number of holder addresses reached 100,000.

Price Today

Today, Synthetix Network (SNX) is priced at $4.67, with a trading volume of $102,499,395.49 over the last 24 hours. The price has increased by 2.09% in the past day and by 15.06% in the last 7 days. With 330 million SNX tokens in circulation, the market cap of Synthetix Network is $1,530,599,435.

The SNX/USDT chart, possibly on a weekly timeframe, reveals that SNX has been following a downtrend. However, recent activity shows a potential change in momentum.

A descending trendline, previously acting as resistance, has been breached, indicating a bullish shift. The price is currently testing a significant resistance zone highlighted in green. If SNX manages to sustain this breakthrough and surpasses this zone, it could confirm a reversal, paving the way for further gains. The consistent lows forming a Rounding bottom pattern suggest accumulation, often a precursor to an uptrend. Investors should keep an eye out for a clear move above the green zone for a stronger bullish signal.

Price Prediction

Crypto analysts are forecasting that the SNX rate will reach around $4.58 by March 2024, taking into account Synthetix price movements since the start of 2023. The projected range is between $4.17 and $4.98. ROI potential is 10.7%.

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Pendle

Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.

Price Today

The current price of Pendle stands at $3.01 today, accompanied by a 24-hour trading volume of $64,824,785.88. Over the last 24 hours, there has been a decrease of -5.73% in price, while over the past 7 days, there has been an increase of 3.44%. With a circulating supply of 97 million PENDLE tokens, PENDLE holds a market cap of $291,590,918.

The PENDLE/USDT chart on a 4-hour timeframe depicts a bullish trend, as evidenced by a consistent series of higher lows along an ascending trendline.

The price is approaching a significant resistance zone highlighted in green, which previously capped upward movements. If PENDLE can break through this zone, it could signal continued bullish momentum. However, if the price fails to break this resistance, it may result in a pullback towards the trendline. The interaction between the current price and this key resistance level will be crucial for determining PENDLE’s near-term direction on the market.

Price Prediction

Crypto analysts are forecasting that the Pendle rate will reach around $3.14 by March 2024, taking into account PENDLE price movements since the start of 2024. The projected range is between $2.90 and $3.38. ROI potential is 6.3%.

DUSK

The DUSK token serves multiple purposes within the network, including staking, consensus, paying network fees, deploying dApps, and acting as gas. Additionally, it will reward consensus participants. DUSK can be traded for XSC tokens through a one-way exchange or atomic swaps, and it will also play a role in on-chain governance within XSC.

Block rewards in Dusk Network are distributed through the emission of DUSK as defined in the protocol. The team conducted an ICO on Bitfinex in November 2018, prior to the launch of the Tokinex platform. Despite not reaching the hard cap of $14.4 million, the ICO raised $8 million.

Price Today

Today, Dusk (DUSK) is priced at $0.333, with a trading volume of $25,568,998.61 over the last 24 hours. The price has decreased by -0.77% in the past day but has seen a 6.83% increase in the last 7 days. Dusk has a circulating supply of 450 million tokens, giving it a market cap of $151,047,242.

The DUSK/USDT chart is showing a positive outlook with the formation of a ‘W’ Double Bottom pattern, which is known for its ability to reverse trends. Currently, DUSK has successfully surpassed the neckline of this pattern, located in the green zone, which is typically seen as a bullish signal.

The price action leading up to this breakout suggests accumulation phases at the lows of the ‘W’, indicating a potential upward movement. If DUSK can maintain its position above this critical zone and avoid falling back below it, it could indicate the beginning of an uptrend, possibly reaching previous highs or even higher. Investors will closely monitor the price to ensure it remains above this zone, confirming the strength of the pattern and the potential for further upward movement.

Price Prediction

Crypto analysts are forecasting that the DUSK rate will reach around $0.23 by March 2024, taking into account DUSK price movements since the start of 2024. The projected range is between $0.22 to $0.25.