Which RWA tokens to look out for in October
In September, the cryptocurrency market experienced a decline due to a decline in investor interest, which impacted trading activity. This also affected the real asset (RWA) sector, whose market capitalization fell 6% in 30 days.
Despite the decline, some RWA-based tokens have shown growth, especially over the past week as demand has begun to return. We've compiled a list of three RWA tokens to keep an eye on in October.
Centrifuge (CFG)
CFG powers Centrifuge, a decentralized lending platform that connects real-world assets with decentralized finance (DeFi). At the time of writing, CFG is trading at $0.61, up 27% from last week.
This growth is supported by significant demand, suggesting further gains in the coming sessions. On the daily chart, the Chaikin Money Flow (CMF) for CFG is above the zero line at 0.03 and remains in an upward trend.
If the rally continues, the CFG price could reach $0.409. If the bullish momentum weakens, the price risks losing support at $0.3436 and falling to $0.2915.
Tharwa (TRWA)
TRWA has overcome the recent market decline, posting a 13% gain over the past week. Growing demand for the altcoin is reflected in the MACD indicator, which points to potential further gains.
At the time of writing, the MACD line (blue) is above the signal line (orange), indicating strengthening bullish positions. Although the bullish crossover occurred below the zero line, it still indicates a decline in downward momentum and a possible trend reversal if buying pressure persists.
In a bullish scenario, TRWA could strengthen and reach $0.1124. However, if bulls lose confidence and demand declines, TRWA risks breaking support at $0.00757 and falling to $0.00165.
Libertum (LBM)
The price of LBM has risen 43% in a week and is currently trading at $0.0177. Increasing demand for the token, confirmed by a rising Relative Strength Index (RSI), suggests a possible continuation of the rally.
The RSI indicator, which shows overbought and oversold conditions, is at 64.81. This indicates that buying prevails over selling in the market.
If the bullish trend continues, the LBM price has a chance to exceed $0.02268. On the other hand, if selling intensifies, the LBM price risks falling to $0.01123.
Источник: cryptocurrency.tech
