With the crypto market under a positive spell, investors are honing in on RWA (Real-World Asset)-backed tokens as November approaches. Among them, five standout altcoins have been catching momentum, and analysts are predicting potential gains. Here are the top RWA tokens expected to see strong growth this month.
Maple (MPL): Leading the Pack
Maple Finance’s native token, MPL, surged 39% last week, drawing considerable attention. Trading currently at $24.85, MPL has reached its highest level since April. Recently, it crossed above both the 20-day Exponential Moving Average (EMA) and the 50-day Simple Moving Average (SMA), signaling a promising trend for investors. If buying pressure holds, MPL could aim for the $30 mark. However, if profit-taking ensues, a pullback to $19.73 may be likely.
Clearpool (CPOOL): On a Strong Uptrend
As a decentralized capital market platform, Clearpool has also gained traction, with CPOOL rising by 32% in the past week. The Aroon indicator points to a strong uptrend, with CPOOL currently trading around $0.22. Should this momentum persist, CPOOL could test the critical resistance at $0.25 and possibly aim for the yearly high of $0.37 if surpassed.
Parcl (PRCL): Decentralizing Real Estate
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Parcl, which focuses on decentralized real estate trading, has caught investor interest with its native token, PRCL, up 28% over the last seven days. The demand for PRCL aligns with a rising Relative Strength Index (RSI) now at 60.13. Continued buying interest could see PRCL challenge the $0.31 level, with the next target at $0.46. Increased selling pressure, however, might push it back to $0.11.
Chintai (CHEX): Riding a Bullish Wave
Chintai Network’s CHEX token experienced a 22% rise last month, climbing to $0.30. With the MACD indicator signaling an ongoing uptrend, CHEX may continue gaining if momentum persists. Should the bullish pattern hold, CHEX could target its yearly high of $0.42. On the flip side, if market sentiment shifts, a pullback to $0.14 could occur.
LABS Group (LABS): Real Estate on the Blockchain
LABS Group is another noteworthy RWA token that converts real estate assets into digital shares. The token has appreciated 14% in the past week, showing promise for November. Its Balance of Power (BoP) indicator at 0.48 indicates robust buying interest, which could sustain its upward trajectory.
For more insights into the market’s top-performing altcoins, The Bit Journal remains your source for up-to-date crypto analysis. However, it’s essential for investors to conduct their own research and consider market risks, as RWA tokens and other cryptocurrencies can be highly volatile.
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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