Investors seeking stability and growth amidst market swings often turn to specific financial instruments. The spotlight here is on five noteworthy Real World Asset tokens poised for strong performance. Discover which coins are set to potentially double profits in the upcoming months, even during these tumultuous times. Dive in to uncover the hidden gems ready for significant gains.
Avalanche (AVAX)
Avalanche (AVAX) is currently trading between $17.64 and $23.01, and it presents a compelling opportunity for substantial gains even amidst recent market volatility. Despite a 17.76% drop over the past month and a significant 49.59% decrease over six months, the recent 8.85% rise in the past week indicates renewed bullish interest. If AVAX can break through its nearest resistance at $25.61, it could soar to $30.98, potentially delivering a robust 100% return from its current levels. The RSI of approximately 58 suggests balanced market conditions, and with positive momentum, AVAX could see a significant rebound.
Maker (MKR)
Maker (MKR) is trading between $1,679.67 and $2,136.67, and despite recent challenges, it holds strong potential for impressive gains. The coin is currently below its nearest resistance level of $2,387.33 but has shown resilience with a 10% gain this week. If MKR rallies past this resistance, it could target $2,844.33, offering an enticing potential profit of up to 100%. The RSI of 66.51 and Stochastic at 72.32 indicate moderate buying pressure, suggesting that a bullish breakout could significantly enhance returns.
Ondo (ONDO)
Ondo (ONDO) is trading between $0.54 and $0.87, and despite recent market fluctuations, it shows exciting potential for substantial growth. Although the price has dipped 23% in the past month, it has surged over 160% in the last six months, highlighting its strong growth potential. With the RSI at 55.43, suggesting balanced conditions, a breakout above the $1.01 resistance could lead to a rise to $1.33—a potential gain of over 100%. Ondo’s strong past performance and favorable indicators position it well for a significant rebound.
MANTRA (OM)
MANTRA (OM) is trading between $0.87 and $1.10, and despite recent market uncertainty, it holds great promise for substantial gains. The coin has dipped 7.93% in the past week and 12% over the month, but its impressive 234.32% increase over six months demonstrates its growth potential. If MANTRA can overcome resistance at $1.22, it could achieve a 100% return, reaching new heights. With an RSI around 45.50 and the potential for recovery, MANTRA is positioned for a strong upward move.
Axelar (AXL)
Axelar (AXL) is trading between $0.42 and $0.63, and despite recent volatility, it presents an opportunity for significant growth. The coin has experienced a 19% drop over the past month but recently jumped nearly 29% in the past week, showing positive short-term momentum. If AXL can push through the key resistance at $0.72, it could potentially climb to $0.93, reflecting a possible 100% increase from its current levels. The technical indicators suggest that a bullish trend could lead to substantial gains, making AXL a coin to watch for a potential rebound.
Conclusion
Amidst the current market volatility, Real World Asset (RWA) tokens stand out as promising opportunities for substantial gains over the next two months. Avalanche (AVAX) shows strong potential to double in value if it breaks past $25.61, riding on recent bullish momentum. Maker (MKR), with a 10% gain this week, could reach $2,844.33, offering up to 100% returns if it clears key resistance levels.
Ondo (ONDO), having surged 160% over six months, could see a further 100% increase if it surpasses $1.01. MANTRA (OM), despite short-term dips, remains a strong contender for doubling its value, especially if it breaks the $1.22 resistance. Lastly, Axelar (AXL), with a recent 29% jump, is poised to climb to $0.93 if it maintains its upward trajectory.
These RWA tokens present compelling investment opportunities, poised to deliver significant profits even amidst the challenges of a volatile market.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2024/08/top-5-rwa-tokens-to-help-you-realize-100-profit-amidst-market-volatility-next-2-months