5 Real World Assets (RWA) Altcoins to Trade in September 2024

Real World Assets (RWA) Tokenization is gaining traction in the crypto market. If you’re an investor looking to diversify your portfolio or explore new opportunities, this analysis highlights some of the most promising RWA altcoins to consider in September.

The list includes a mix of well-known coins and emerging projects with strong growth potential.

Maker (MKR)

MKR, the governance token of the MakerDAO project, made headlines in August for positive developments. Two weeks ago, leading crypto asset management firm Grayscale added MKR to its expanding list of investment funds.

During the same period, network activity on the Maker Protocol surged, contributing to a price retest of $2,000. Currently, MKR trades at $2,115. While it remains significantly below its all-time high, MKR stands out as one of the top RWA altcoins to watch in September.

According to the daily chart, MKR has been trading in a narrow range between $1,868 and $2,201 since August 8. Bears appear to be attempting another push below the $2,000 level, but strong support at $2,024 could help hold the price above that key threshold.

Maker Daily Analysis. Source: TradingView

If this is the case, MKR’s price might bounce toward the 61.8% Fibonacci level at $2,259. Should this be the situation, the altcoin value might rally toward the 38.2% Fib sequence at $2,590 before next month ends.

Ondo (ONDO)

This list would be incomplete without Ondo, which has been numerous times at the flagship altcoin of the RWA ecosystem. In the last 30 days, ONDO’s price has decreased by 28%. While this might be discouraging for some market participants, this analysis shows that the decline presents a rare buying opportunity.

One key reason for this thesis is the rate at which Blackrock buys the altcoin. Based on current trends, the American investment mogul might purchase more ONDO in September.

From a technical point of view, the sellers’ exhaustion appears to be setting in as the token forms a descending triangle. ONDO currently trades at $0.70 and could slide toward the $0.65 support.

Ondo Daily Analysis. Source: TradingView

But once it drops to this price, a rebound might occur. If accompanied by buying pressure, the token could register a 90% increase, potentially taking it toward $1.25.

Pendle (PENDLE)

Ranked as the 110th most valuable project in the crypto market, Pendle enables trading and tokenization of future yields. This makes it one of the top RWA altcoins to watch out for in September.

In addition, PENDLE is currently undergoing daily token unlocks. While the amounts are relatively small, these unlocks can still impact the token’s price. However, once this period stabilizes, the RWA altcoin could see an upswing.

Pendle Unlock. Source: Token Unlocks

Over the last seven days, PENDLE’s price has already risen by nearly 20%. According to the daily chart, the token is trading within an ascending channel. Thanks to its yield potential, PENDLE may attract increased interest from market participants.

If buying pressure grows, the token could climb to $3.90 in the short term. On the other hand, if selling pressure rises, PENDLE’s value could dip below $2.

Pendle Daily Analysis. Source: TradingView

Mantra (OM)

Since July, OM, the native token of the “security-first” RWA Layer-1 blockchain Mantra, has been among the top altcoins to watch. At press time, OM’s price is $0.94, marking a staggering 4,900% increase over the last 365 days.

The token’s performance also places it among the few altcoins in the top 100 that hit a new all-time high in July. Currently, OM is down 33% from that peak. On the daily chart, the altcoin is nearing a critical support level at $0.93.

If it breaks below this support, the price could slide to $0.85, which appears to be a strong zone for a potential bounce.

Mantra Daily Analysis. Source: TradingView

Should a rebound occur amid broader market optimism, OM’s price might rise to $1.11. However, a market-wide sell-off could invalidate this bullish outlook, pushing the price down to $0.79.

Axelar (AXL)

Rounding out this list is Axelar, whose token (AXL) has gained 13.5% over the last seven days. Axelar plays a crucial role in Real-World Asset tokenization by facilitating cross-chain communication for large-scale enterprises.

As of this writing, AXL’s price has broken above a descending triangle.

Axelar Daily Analysis. Source: TradingView

Currently trading at $0.61, the altcoin could rally to $0.80 in September if it maintains its momentum and avoids a drop to $0.48. However, a breakdown remains possible if bulls fail to prevent a downtrend.

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