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Real World Assets Altcoins to Watch in September 2024: Top 5

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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.

Read more: Maker (MKR) Price Prediction 2023/2025/2030

Maker Daily Analysis.
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.
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.

Read more: What Are Tokenized Real-World Assets (RWA)?

Pendle unlock
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.
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.

OM Crypto Daily Analysis.
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.

Read more: How To Invest in Real-World Crypto Assets (RWA)?

AXL Daily Analysis.
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.

Disclaimer

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. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Notcoin Price’s 25% Rally Is Early Christmas for NOT Traders

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Notcoin (NOT) has been in a persistent downtrend since June, facing significant price declines. However, recent developments suggest a potential turning point for this Telegram-based cryptocurrency. 

A notable 25% rally has sparked optimism, providing NOT traders with a much-needed boost. This upward momentum could signal a shift as positive sentiment grows within the Notcoin community.

Notcoin Has Considerable Support

Over the past month, Notcoin’s funding rate has remained consistently positive, reflecting a generally optimistic outlook among traders. Despite NOT’s declining price in October, traders held firm, maintaining their positions as funding rates indicated a strong conviction. This resilience in the face of price declines suggests that Notcoin enthusiasts are confident about a potential recovery, indicating stable long-term support from the community.

Such sustained optimism is a promising sign for NOT’s future. The positive funding rate, coupled with recent price action, suggests that investors believe in Notcoin’s potential for a turnaround. If this sentiment continues, it could provide the stability necessary for NOT to build on its recent gains and overcome resistance levels.

Notcoin Funding Rate.
Notcoin Funding Rate. Source: Coinglass

Notcoin’s macro momentum is beginning to show strength, supported by technical indicators such as the Relative Strength Index (RSI). The RSI is currently gaining bullish momentum, suggesting that buying interest is on the rise. However, to sustain this growth, NOT needs to turn the neutral line at 50.0 on the RSI into a support level. 

Achieving this support on the RSI would signal sustained bullish strength, encouraging additional investor interest. For NOT to maintain its recent rally, this level of momentum must be sustained. Without a firm foundation, Notcoin may struggle to hold on to its current gains, emphasizing the importance of consistent growth indicators.

Notcoin RSI
Notcoin RSI. Source: TradingView

NOT Price Prediction: Recovering Losses

Notcoin’s price surged by 25% during today’s intra-day high, rebounding from the recent support level of $0.0057. This uptick reflects growing buying pressure, and the altcoin is now looking to continue this momentum with hopes of reaching higher targets.

The broader market’s bullish sentiment could aid Notcoin’s progress, provided investors resist the urge to book profits too soon. If successful, NOT’s target is to flip the resistance at $0.0094 into a support level, solidifying its position and potentially enabling further gains.

Notcoin Price Analysis.
Notcoin Price Analysis. Source: TradingView

However, Notcoin has previously struggled to close above the $0.0083 resistance level. Another failed breach at this price point could prompt a pullback toward $0.0070. A drop below this level would invalidate the current bullish outlook, potentially pushing NOT back to its recent support of $0.0057, which would signal a return to the downtrend.

Disclaimer

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. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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FTX Files Over 20 new Lawsuits as Part of asset Recovery Efforts

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On November 8, the administrator overseeing FTX’s bankruptcy filed more than 20 new lawsuits, ramping up legal actions against several entities.

These lawsuits indicate a concerted effort by FTX to recover assets from multiple companies and individuals. Since November 2022, the FTX Debtors have filed 51 adversary actions, with 30 of them occurring in recent weeks.

FTX Targets $1 Billion in Losses With New Lawsuits

According to documents from the FTX bankruptcy docket, most of the latest filings address various claims, including political contributions, the defunct exchange philanthropic efforts, investments, and allegations of market fraud and manipulation.

“FTX is going after dozens of left leaning groups for all the donations that were made fraudulently with customer money,” an FTX creditor stated.

Thomas Braziel, founder of 117 Partners, stated that FTX might reclaim some donations under US bankruptcy law. He noted that funds can be recovered if they were donated with fraudulent intent or lacked equivalent value. Also, donations made while the donor was insolvent are particularly at risk of being clawed back.

“Not all donations are immune. Bankruptcy trustees will look closely at the debtor’s intent, timing, and financial condition when deciding if a charitable transfer can be clawed back,” Braziel said.

FTX Lawsuits
FTX New Lawsuits. Source: X/SFTXunil Kavuri

In addition to the non-profits, the failed exchange legal team is pursuing other prominent figures and entities. The estate has filed a lawsuit against former White House Communications Director Anthony Scaramucci and his company, seeking damages of more than $100 million. Another suit targets the team behind Storybook Brawl, a video game that FTX co-founder Sam Bankman-Fried invested in and promoted.

FTX also filed a significant clawback lawsuit against Nawaaz Mohammad Meerun, known as “Humpy the Whale,” who allegedly caused over $1 billion in losses through market manipulation. Earlier this year, Humpy led a governance attack on the DeFi protocol Compound Finance, causing significant losses for the platform.

“Meerun also repeatedly violated FTX’s rules, forcing Alameda to take over Meerun’s risky positions and suffer hundreds of millions of dollars in additional losses. All told, FTX and Alameda suffered approximately $1 billion in losses due to Meerun’s crimes, and Meerun has used the proceeds of his exploits to fund a wide range of other criminal activity,” FTX alleged.

These legal actions reflect FTX’s increasing efforts to recover assets from numerous individuals and companies. Over the past week, the exchange has filed legal actions against major centralized exchanges like Crypto.com and KuCoin over funds belonging to the platform.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Analyst Says Altcoin Season Will Begin Due to This Reason

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Altcoins have recently surged alongside Bitcoin, which reached a new all-time high this week. Despite Bitcoin’s record-breaking price, the cryptocurrency leader is beginning to lose market dominance. 

This shift has raised interest in an upcoming Altcoin Season, also known as AltSeason, as altcoins gain traction among investors.

AltSeason Is Not Far Away

Crypto analyst MikyBull Crypto highlighted that Bitcoin’s dominance is nearing a bearish MACD crossover. Historically, this has often been seen as a key indicator of an impending Altcoin Season

According to the analyst, the post-election atmosphere is driving this shift, as it historically acts as a catalyst for altcoin rallies. This potential shift in market conditions could lead to a phase where altcoins outperform Bitcoin in terms of growth.

Bitcoin Dominance Set to Decline.
Bitcoin Dominance Set to Decline. Source: Milkybull Crypto

Similarly, analyst IncomeSharks suggested that Bitcoin’s dominance signals a momentum transfer to altcoins. IncomeSharks recommends that investors “buy and hold” altcoins through November, anticipating continued gains as the month progresses. 

This analysis aligns with the view that Altcoin Season may begin by month’s end as investors look to diversify away from Bitcoin. Thus as for investors looking to make the best of altcoins might have to hold their horses until the arrival of a confirmation.

Arrival of the Altcoin Season

The Altcoin Season Index currently reflects that while Bitcoin’s dominance is slipping, it has not fully dissipated. For AltSeason to officially begin, 75% of the top 50 altcoins would need to outperform Bitcoin. This benchmark requires 33 of these altcoins to show stronger growth than BTC, confirming the arrival of this season.

Currently, only 19 altcoins are surpassing Bitcoin in gains, indicating that AltSeason has not yet fully materialized. If this figure rises, it would signal a definitive shift. However, for now, Bitcoin’s influence still holds, delaying the start of a strong altcoin rally.

Altcoin Season Index.
Altcoin Season Index. Source: Blockchain Center

If institutional interest in Bitcoin intensifies, BTC’s dominance could strengthen, potentially postponing the Altcoin Season until 2025. An increase in BTC-focused investments may extend Bitcoin’s lead, keeping altcoin growth in check until broader conditions favor alternative assets.

Disclaimer

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. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





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