Real World Assets Altcoins to See in September 2024: Top 5

The Real World Assets (RWA) token is gaining a lot of interest in the crypto market. If you're an investor looking to diversify your portfolio or explore new opportunities, this analysis highlights the most promising RWA altcoins to consider in September.

The list includes a mix of established coins and new projects with strong growth potential.

Maker (MKR)

MKR, the governance token of the MakerDAO project, made headlines in August for positive developments. Two weeks ago, leading crypto asset management firm Grayscale added MKR to its expanding investment fund.

At the same time, network activity increased on Maker Protocol, which contributed to the $2,000 price test. MKR is currently trading at $2,115. While remaining significantly below its all-time high, MKR stands out as one of the RWA altcoins to watch in September.

According to the daily chart, MKR has been trading in a narrow range between $1,868 and $2,201 since August 8. Bears seem to be attempting another push below $2,000, but strong support at $2,024 could help the price hold above that key barrier.

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

If this is the case, MKR price could rise to the 61.8% Fibonacci level at $2,259. If this is the case, the altcoin's value could support the 38.2% Fib sequence at $2,590 before the end of next month.

Ondo (Ondo)

This list would be incomplete without Ondo, which has long been the dominant altcoin in the RWA ecosystem. In the last 30 days, the price of ONDO has decreased by 28%. While this may be disappointing to some market participants, this analysis shows that the decline presents an unusual buying opportunity.

One of the key reasons for this thesis is the speed with which BlackRock buys altcoins. Based on current trends, the US investment mogul may buy more ONDO in September.

From a technical perspective, the sellers' weakness appears to be forming a descending triangle. ONDO is currently trading at $0.70 and may slide towards $0.65 support.

But once it drops to this price, a rebound may occur. If accompanied by buying pressure, the token could register a 90% increase, which could take it to $1.25.

PENDLE

Ranked as the 110th most valuable project in the crypto market, Pendle enables trading and futures production tokens. This makes it one of the RWA altcoins to watch out for in September.

Additionally, PENDLE is currently conducting daily token openings. While the amounts are relatively small, these openings can still affect the value of the token. However, if this period stabilizes, the RWA altcoin may rise.

Read more: What are Tokenized Real-World Assets (RWA)?

In the last seven days, the price of PENDLE has already increased by 20 percent. According to the daily chart, the token is trading in a bullish channel. Thanks to its productivity, PENDLE can attract more interest from market participants.

If buying pressure builds, the token may rise to $3.90 in the short term. On the other hand, if selling pressure increases, PENDLE price may drop below $2.

Mantra (OM)

Since July, OM, the native token of the “security-first” RWA Layer-1 blockchain mantra, has been among the top altcoins to watch. At the time of publication, the price of OM is $0.94, representing an impressive 4,900% growth in the last 365 days.

The token's performance makes it among the few altcoins in the top 100 that hit a new all-time high in July. Currently, OM is down 33% from that peak. On the daily chart, the altcoin is approaching the critical support level at $0.93.

If it breaks below this support, the price could slide towards $0.85, which looks like a strong zone to exit.

If a rebound occurs amid broader market optimism, OM's price could rise to $1.11. However, a sell-off in the market could push the price towards $0.79 and undermine this bearish outlook.

Axel (XL)

Rounding out this list is Axelar, whose token (AXL) has gained 13.5% over the past seven days. Acceler plays a critical role in real-world asset simulation by facilitating cross-chain communication for large enterprises.

As of this report, AXL's price has broken above the descending triangle.

Read more: How to invest in real-world crypto assets (RWA)?

Currently at $0.61, the altcoin could rise to $0.80 in September if it maintains its momentum and avoids a drop to $0.48. But if the bulls can't fend off a slump, a crash is likely.