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Avalanche ($AVAX), the leader of the Real-World Asset token category, currently has a valuation of $13.7 billion. Real-world assets (RWA) represent physical assets, like real estate or commodities, digitally tokenized on a blockchain, providing fractional ownership and liquidity.
BeInCrypto has compiled a list of the top RWA tokens that should be a part of your trading portfolio in June.
Avalanche ($AVAX)
The Avalanche has been consolidated between $40 and $32 for the past couple of weeks. Despite multiple tests of these ranges as resistance and support, respectively, $AVAX’s attempts to break through them have failed.
Even at the time of writing, the altcoin is trading at $34, hovering closer to support of $32. The broader market cues are currently bearish, which could cause a dip in Avalanche’s price to $31.
Read More: Avalanche ($AVAX) Price Prediction 2024/2025/2030
But a breakout could send it towards $45 to chart a multi-month high.
Chainlink ($LINK)
Chainlink’s price also follows broader market cues, which could signal a slight correction for the altcoin. The month of May proved profitable for both the asset and the investors, as the price rose by 44%.
$LINK recently attempted to breach the critical barrier of $18.78, a level it also failed to break past back in April. Failure to breach it resulted in Chainlink’s price falling to $17.7, and if the decline does not stop, a drop to $16.55 is possible.
Read More: Chainlink ($LINK) Price Prediction 2024/2025/2030
However, a breakout above this resistance could initiate recovery from the recent losses, pushing $LINK to $20 and higher.
Internet Computer ($ICP)
$ICP has been one of the slowest-moving assets over the past month and a half, with barely any move in any direction except sideways. Still favoring the bearish bias, the altcoin has traded at $12.12 after failing to breach $15.34.
The Relative Strength Index (RSI) also struggles to signal a bullish outcome. RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100, indicating overbought conditions above 70 and oversold conditions below 30.
Read More: Internet Computer ($ICP) Price Prediction 2023/2025/2030
It is currently under the neutral mark at 50.0, and testing it as a support floor would ascertain a potential recovery.
This could push $ICP above the resistances of $12.91 and $15.34 to chart a rally towards $17.92.
Synthetix Network ($SNX)
While not among the top 50 or even the top 100 assets in the crypto market, Synthetix is still a major RWA token. With a market cap of $876 million, $SNX has grown during the recent Artificial Intelligence (AI) hype surge.
However, the bullishness could not persist, resulting in a decline in Synthetix’s price. Consequently, the altcoin has been consolidated under $3.15 but is holding above $2.33.
Read More: Synthetix ($SNX) Price Prediction 2024/2025/2030
If either of the price levels is broken, the consolidation thesis will be invalidated, resulting in either a rally or a breakdown.
Maker (MKR)
Maker’s price is currently at a three-month low of $2,384. The altcoin has been on a downtrend since early April, falling from its high of $4,000 to its current price point.
Hovering above the support at $2,556, MKR could slip below this support. The resultant decline could send it to the low of $2,271.
Read More: Maker (MKR) Price Prediction 2023/2025/2030
On the other hand, bullish cues from the rest of the market could trigger MKR’s recovery. This would propel it through the resistance of $2,693 to $3,159. A breach of this resistance would invalidate the bearish thesis.
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