5 Real World Assets (RWA) Altcoins to Watch in December

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As a seasoned crypto investor with a knack for recognizing trends and making informed decisions, I find myself in awe of this month’s stellar performance by Real World Assets (RWAs) tokens. The meteoric rise of several altcoins like Avalanche (AVAX), Chainlink (LINK), Artrade (ATR), Ondo (ONDO), and XDC Network (XDC) has been nothing short of breathtaking.

This November has seen several investments hitting record levels, and it’s not just the financial assets that are shining. Real World Assets (RWAs) have also been on an upward trend, with many reaching multi-year peaks. Some of these assets seem primed for further growth.

Prominent cryptocurrencies like Avalanche (AVAX), Chainlink (LINK), Artrade (ATR), Ondo (ONDO), and XDC Network (XDC) have experienced substantial increases over the past few weeks, making them noteworthy altcoins to keep an eye on in December’s RWA market.

Avalanche (AVAX)

In the past seven days, AVAX, the cryptocurrency tied to the Avalanche layer one blockchain, has seen a 20% increase in value, making it an important altcoin to keep an eye on in December. Currently, the altcoin is being traded at $42.25.

The Daily Directional Movement Index (DM) for AVAX indicates a strong bullish trend. At present, the Positive Directional Index (represented in blue) is higher than the Negative Directional Index (in red), signifying that the coin’s market is moving upwards.

The DMI (Directional Movement Index) measures the intensity and direction of a market trend. When the Positive Directional Index surpasses the Negative Directional Index (in other words, when the former is higher than the latter, which can be visually represented as red), it indicates that the market is experiencing an uptrend, where the upward momentum is stronger than the downward influence. This implies a bullish market environment and could potentially prompt traders to consider buying positions.

If the current pattern continues, it’s likely that the price of AVAX could climb up to approximately $47.02. Once this level is surpassed (a successful breakout), we might see the price soaring even higher, potentially reaching $55.10. Conversely, if selling pressure intensifies, the value of AVAX may dip down to around $35.66.

Chainlink (LINK)

Chainlink, a prominent oracle network, is fueled by its LINK token. In just the past week, the value of this token has spiked by an impressive 24%. Given this surge, LINK is a noteworthy RWA (Relatively Well-performing Asset) to keep an eye on in December. At the moment, a single LINK trades at approximately $17.98, a price level last seen in June.

At present, the price of LINK is currently trading above its Super Trend line, suggesting a persistent upward trend. This Super Trend indicator helps us understand the general direction and intensity of an asset’s price movements.

From my personal perspective as a crypto investor, I keep an eye on a particular line on the price chart that shifts color to signal trend direction. When this line, known as the Super Trend line, sits beneath the asset’s price, it points towards an uptrend. This hints at the likelihood of bullish momentum continuing, which is a positive sign for me as an investor.

If this condition is met, the value of LINK could reach $19.38. Overcoming this level would propel LINK towards regaining its highest point this year, which was $22.87. Conversely, if the market becomes pessimistic, the price of LINK might drop to $17.22.

Artrade (ATR)

ArtTrade functions as an internet platform where you can buy genuine artwork. In the last week, its native cryptocurrency, ATR, has experienced a significant increase of approximately 103%.

In simpler terms, on November 23rd, the 50-day average (SMA) of a financial indicator called ATR crossed above its 200-day average for the first time in a while. This event is known as a “golden crossover,” which is often seen as a strong indication of increasing prices or upward price movement. After this crossover, ATR’s value has risen by approximately 38%, reaching its highest point in six months, currently at $0.032.

When a golden cross occurs, it signifies that the asset’s short-term price movement (the last 50 days) is advancing more swiftly than its long-term trajectory (the past 200 days). This pattern suggests a transition from a declining trend to an ascending trend and implies potential future price growth.

If the current trend continues, the price of ATR could potentially increase and reach around $0.042. On the other hand, if buying interest decreases, the value might fall to approximately $0.026.

IOTA (IOTA)

Keep an eye on IOTA, the native digital currency of the decentralized and open-source distributed ledger system known as IOTA, this December. At present, it’s trading at around $0.22, having experienced a slight dip from its seven-month peak of $0.25 achieved during Monday’s market session.

Regardless of the recent dip from its peak, the optimistic outlook for the altcoin persists. The arrangement of its Parabolic Stop and Reverse (SAR) indicator supports this view. At present, the dots on this indicator are located beneath IOTA’s current price level.

This tool aids in predicting possible price movements by marking dots either above or below the current price. If the dots are positioned below the price, it implies a rising trend, suggesting that positive market pressure (bullish momentum) could persist.

If the current upward trajectory persists, IOTA could reach around $0.25 and potentially break through that level. Conversely, if buying interest wanes, we might see IOTA’s price falling to approximately $0.19.

XDC Network (XDC)

Through the use of its XDC token, the XDC network functions as a robust blockchain platform designed for digitizing real-world assets and financial tools. In the realm of RWA altcoins, XDC is a promising choice to keep an eye on this December, with a 32% price increase over the past week.

The token’s Moving Average Convergence Divergence (MACD) suggests a bullish trend for it at present. Specifically, in our current analysis, the MACD line is positioned above the signal line, which is orange in color.

The MACD (Moving Average Convergence Divergence) tool helps pinpoint shifts in an investment’s short-term and long-term price trend patterns. When the MACD line surpasses the signal line, it signals a bullish movement, implying that the asset could experience more growth as the short-term trend becomes increasingly robust compared to the long-term trend.

If the current trend continues, it’s likely that the value of XDC will increase and approach about $0.063. However, if there is a surge in selling, the price of XDC could potentially dip to around $0.047, possibly casting doubt on the optimistic forecast.

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2024-11-28 23:01