Tokenizing real-world assets (RWA) involves creating digital tokens on a blockchain that representing tangible ownership.
These tokens can be traded on the blockchain, providing a digital ownership representation for the corresponding real-world assets. In this article, BeInCrypto looks at three RWA tokens that have the potential for significant gains in 2024.
Last week, the altcoin broke out from the $1.05 horizontal resistance area. This critical area has previously provided resistance for more than 800 days. Last week’s close was the first above this area since then.
The weekly Relative Strength Index (RSI) supports the ongoing breakout.
Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset.
Readings above 50 and an upward trend indicate that bulls still have an advantage, whereas readings below 50 suggest the opposite.
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.