Altcoins
Buy RWA Tokens for 100% Rise in Q3!
The volatility in the cryptocurrency market is constantly increasing, with the price of Bitcoin hovering around the $65,000 mark. Moreover, major altcoins have recorded similar price action and have shown a significant upward trend in their respective portfolios.
Following this, Real World Assets (RWA) tokens managed to regain momentum, with some altcoins adding over 50% to their portfolio in a short period of time.
Dive into this article as we have covered the market sentiments and price analysis of the top 3 real-world asset tokens that have the potential to see up to 100% surge in the coming weeks.
Maple (MPL):
Despite a 3.48% correction in the last 24 hours, Maple’s price has surged 34.83% in the last seven days and 48.37% in the last month. This indicates an increase in buying pressure for the altcoin in the market.
TradingView: MPL/USDT
The RSI indicator continues to hover near its overbought zone on the 1D time frame. Additionally, the 50/200-day EMA is showing a potential golden cross. This highlights an increased positive sentiment for MPL price.
If the market continues to move under a bullish influence, the Maple token will prepare to test its upper resistance level of $23.30 in the coming time. Conversely, a bearish action could pull the price towards its low of $14.315.
Goldfinch (GFI):
GFI price has shown a neutral price action over the last 24 hours with a trading volume of $2.77 million. However, the altcoin has added 22.30% over the last seven days and 24.77% over the last month. Moreover, it has a YTD return of 134.99%.
TradingView: GFI/USDT
The 50/200-day EMA and MACD technical indicators continued to register bullish sentiment, highlighting an increase in the positive influence of the Goldfinch token on the cryptocurrency market.
If the market pushes GFI price above the resistance level of $3.2425, the bulls will head towards its upper resistance level of $5.33 in the coming time. Conversely, if the bears regain momentum, the altcoin will plunge towards its low of $2.140.
Swarm Markets (SMT):
Built on the Ethereum blockchain, Swarm Markets is the world’s first permissioned decentralized finance (DeFi) platform. The project has made it easy for banks, hedge funds, and retail investors to trade and stake tokens on all sorts of real-world assets.
With a trading price of $0.622 and a circulating supply of 79,908,506 SMT tokens, this altcoin has secured the 553rd position in the global cryptocurrency list with a market capitalization of $49.699 million.
On the positive side, SMT price has surged 5.69% in the past day and 62.83% in the past week. Moreover, it has recorded a monthly return of 20.83% and has rewarded its long-term investors with a YTD of 76.93%.