5 Real World Assets (RWA) Altcoins Trading in June 2024

Avalanche (AVAX), the leading real-world asset token, is currently valued at $13.7 billion. Real-world assets (RWA) represent physical assets, such as real estate or commodities, that are digitally certified by blockchain, offering fractional ownership and liquidity.

BeInCrypto has compiled a list of top RWA tokens that should be part of your trading portfolio in June.

Hurricane (AVAX)

Over the past two weeks, Avalanche has strengthened between $40 and $32. Several attempts were made to pass these ranges as resistance and support, respectively, and AVAX's attempts to pass them failed.

Even at the time of writing, the altcoin is trading at $34, approaching the $32 support. Broader market signals are currently weak, which could lead to an avalanche price drop to $31.

Read More: Avalanche (AVAX) Price Prediction 2024/2025/2030

But a breakout could send it near $45 to hit a multi-month high.

Chainlink (LINK)

Chainlink's price follows broader market signals, which could indicate a minor correction for the altcoin. The month of May was profitable for both the property and the investors, the price rose by 44 percent.

LINK recently attempted to breach the critical barrier of $18.78, a level it failed to breach in April. Failing to breach, Chainlink's price fell to $17.7, and if the decline does not stop, it could drop to $16.55.

Read more: Chainlink (LINK) Price Prediction 2024/2025/2030

However, a break above this resistance could push LINK to $20 and above and begin a recovery from recent losses.

Internet Computing (ICP)

ICP has been one of the slowest moving assets over the last month and a half, barely making any moves in any direction except sideways. Still supporting a bearish bias, the altcoin traded at $12.12 after failing to breach $15.34.

The Relative Strength Index (RSI) also struggles to indicate bullish results. RSI is a momentum oscillator that measures the speed and volatility of price movements. It oscillates between 0 and 100, indicating over 70 overbought conditions and under 30 oversold conditions.

Read More: Internet Computing (ICP) Price Forecast 2023/2025/2030

It is currently under the neutral sign at 50.0, and testing it as a support floor confirms the possibility of a recovery.

This could push ICP above the $12.91 and $15.34 resistances to form a rally towards $17.92.

Synthetix Network (SNX)

Although not among the top 50 or 100 assets in the crypto market, Synthetix is ​​still a major RWA token. With a market cap of $876 million, SNX has recently grown during the artificial intelligence (AI) boom.

However, the bullishness could not be sustained, resulting in a decline in Syntex's price. Thus, the altcoin strengthened at $3.15 but held above $2.33.

Read More: Synthetix (SNX) Price Prediction 2024/2025/2030

If any of the values ​​are broken, the consolidation theory will fail, resulting in a rally or crash.

Maker (MKR)

Maker prices are currently at a three-month low of $2,384. Since the beginning of April, the altcoin has been falling sharply from $4,000 to its current price level.

Hovering above the support at $2,556, MKR could slip below this support. A decline in the result could send it to a low of $2,271.

Read More: Maker (MKR) Price Forecast 2023/2025/2030

On the other hand, cues from the rest of the market could trigger MKR's recovery. This moves it to $3,159 resistance at $2,693. Violation of this resistance will destroy the value of the bear study.