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Best Real World Asset Tokens to Buy During the Ongoing Market Correction!
The cryptocurrency market showed a positive price movement following the price of Bitcoin successfully reclaiming the $57,000 milestone. Additionally, major altcoins have seen a notable uptrend in their respective portfolios in the past few hours.
On the other hand, the Real World Assets (RWA) Category has regained momentum with some tokens posting double-digit gains in the last hour. With the current market sentiment, will the RWA category outperform major crypto tokens in the near future?
Read on because in this article, we have looked at the top 3 RWA tokens that have the potential to see a huge uptrend in their respective portfolios in the coming weeks.
Chromia (CHR):
Notably, CHR price has corrected by 2.38% in the last 24 hours with a +30% change in its trading volume. Positively, it has jumped by over 10% in the last seven days and has a YTD return of 31.41%, highlighting a long-term bullish sentiment for the altcoin.
TradingView: CHR/USDT
The technical indicator, MACD, has shown a steady decline in the green histogram, indicating a decrease in buying and selling pressure for the altcoin in the crypto space. However, the averages are showing a steady increase, suggesting mixed sentiment.
If the market holds OM price above its important support level of $0.2580, bulls will regain momentum and prepare to test its upper resistance level of $0.3430. On the contrary, if bears regain control, Mantra price will plummet towards its low of $0.1925 this month.
Chain (LINK):
Amid increasing price volatility in the cryptocurrency market, Price LINK has added 4.97% to its portfolio in the last 24 hours with a trading volume of $369.609 million, a change of +51.04%. However, the altcoin continues to struggle to surpass its important resistance level of $13,275.
TradingView: LINK/USDT
The Relative Strength Index (RSI) has seen a sharp rise towards its midpoint, highlighting a growing buying sentiment for LINK price in the cryptocurrency market. Additionally, the middle trendline is showing a bullish crossover, suggesting a positive outlook.
On the other hand, the SMA indicator is consistently acting as a resistance on the price chart in the 1D time frame, suggesting mixed sentiment in the cryptocurrency sector.
Let’s say a bullish reversal occurs, in which case the Chain price will prepare to test its high of $15,050. On the negative side, if bears continue to dominate the market, LINK price will retest its crucial support level of $11,775 this month.
Mantra (OM):
Despite the ongoing cross-border market correction, Mantra price has increased by 4.16% in the last day and by 21.24% in the last week. Furthermore, OM coin price has jumped by 2.46% in the last 30 days and has a Year-to-Date (YTD) performance of 1,490.70%.
TradingView: OM/USDT
The Moving Average Convergence Divergence (MACD) shows a steady green histogram, which indicates a growing bullish sentiment for OM price in the cryptocurrency market. Additionally, the averages show a significant uptrend, highlighting that Mantra price will continue to gain value this week.
Holding the price of OM coin above its important support level of $0.850 will set the stage for it to prepare to test its upper resistance level of $1.035. However, a bearish reversal could push the altcoin towards its crucial support of $0.6250.
Polyhedral (POLY):
Built on the Ethereum chain, the Polymath project provides its users with the technology to create, issue, and manage security tokens on its blockchain. Additionally, to meet capital market regulatory requirements, it has Polymesh, an institutional-grade blockchain built specifically for regulated assets.
With a trading price of $0.08899, a circulating supply of 924,998,413 POLY, and a total supply of 1 billion tokens, it has secured the 396th position in the global cryptocurrency ranking with a market capitalization of $82,316 million.
Despite seeing a correction of 15.03% in the last seven days, this altcoin is up 8.90% in the last day and 23.55% in the last 30 days, highlighting a strong bullish outlook for POLY price in the near future.
Read also: Best Gaming Tokens to Buy for a 100% Boost This July!