RWA Altcoins to Watch This December
November was an outstanding month, with multiple assets hitting new highs. Real World Assets (RWA) are no exception. Some have climbed to multi-year highs and some appear poised to extend their gains.
Notable tokens such as avalanche (Avax), chain link (LINK), Artrade (ATR), Ondo (ONDO), and XDC Network (XDC) have shown significant growth in recent weeks, ranking among the most noteworthy RWA altcoins in December.
Avalanche(AVAX)
AVAX, the native currency The price of first-tier blockchain Avalanche has increased by 20% in the past week, making it one of the most talked about blockchains. Major RWA-based altcoins to watch December. As of this writing, the altcoin is trading at $42.25.
AVAX’s Directional Movement Index (DM), evaluated on the daily chart, confirms the bullish momentum. As of this writing, the coin’s positive directional index (blue) is above the negative directional index (red), reflecting the market’s upward trend.
The DMI indicator determines the strength and direction of a trend. When the positive indicator is above the negative indicator (red), it indicates that the market is in an uptrend and the upward price trend is stronger than the downward pressure. This indicates bullish market conditions and is often a signal for traders to consider a long position.
If this trend continues, the price of AVAX will rise to $47.02. A successful break above this resistance level will push the coin price to $55.10. On the other hand, if sales activity intensifies, AVAX’s price will drop to $35.66.
Link(LINK)
lead Oracle The Chainlink network is powered by its LINK token, which has surged 24% in value over the past seven days. This makes Another RWA token to watch in December. LINK is currently trading at $17.98, having last reached this price level in June.
As of this writing, LINK is trading above the green line of its Supertrend indicator, confirming an uptrend. This indicator measures the overall direction and strength of an asset’s price trend.
It appears as a line on a price chart that changes color to reflect the direction of the trend: red indicates a downward trend and green indicates an upward trend. As is the case with LINK, an uptrend is indicated when a super trendline appears below an asset’s price, indicating that the bullish momentum is likely to continue.
If this continues, LINK’s value will climb to $19.38. A successful move above this level would put LINK on track to return to its year-to-date highs of $22.87. However, if market sentiment turns bearish, LINK price may drop to $17.22.
ATR
Artrade is an online marketplace for real-world art. Its native token ATR has seen a price increase of 103% in the past seven days.
On the daily chart, ATR’s 50-day simple moving average (SMA) broke above the 200-day moving average on November 23, triggering the so-called “golden cross” — a strong bullish signal indicating higher prices momentum. Following the crossover, ATR’s price surged 38%, reaching a six-month high of $0.032 at press time.
When a golden cross forms, an asset’s near-term price momentum (past 50 days) is moving faster than its long-term trend (past 200 days). This pattern confirms the transition from a downtrend to an uptrend and hints at further price appreciation.
If this trend holds, the price of ATR will rise to $0.042. Conversely, if buying activity weakens, its value will drop to $0.026.
IOTA
IOTA is the native token of the decentralized open source distributed ledger platform IOTA and is one of the RWA altcoins worth paying close attention to in December this year. Currently, the altcoin is trading at $0.22, down slightly from the seven-month high of $0.25 hit during Monday’s trading session.
Despite the pullback from this price high, the bullish bias towards the altcoin remains strong. The setup of its Parabolic Stop and Reversal (SAR) indicator confirms this. As of this writing, the indicator’s points are below IOTA’s price.
This indicator helps identify potential price trends by placing points above or below price. When the dots are below the price, it signals an uptrend, indicating that bullish momentum is at work and is likely to continue.
If this trend continues, IOTA will rise to $0.25 and attempt to break above it. On the other hand, a decrease in buying pressure will cause the price of IOTA to drop to $0.19.
XDC Network (XDC)
The XDC Network, powered by the XDC token, is an enterprise-grade blockchain platform for tokenizing real-world assets and financial instruments. XDC is one of them RWA Altcoins to Watch in DecemberPrices surged 32% in the past week.
The coin’s rising Moving Average Convergence Divergence (MACD) confirms the bullish bias against it. As of this writing, the coin’s MACD line (line) is above its signal line (orange).
The MACD indicator identifies changes in the strength and direction of an asset’s price trend. When the MACD line is above the signal line, it indicates bullish momentum, indicating that prices may rise further as the short-term trend becomes stronger than the long-term trend.
If this trend holds, the price of XDC will rise to $0.063. On the other hand, if the token selling surges, the price of XDC could drop to $0.047, ruining this bullish outlook.
Disclaimer
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