Trader Says Real-World Asset (RWA) Tokens Looking Better Than Most of the Crypto Market – Here Are His Top Picks
A crypto strategist known for accurately calling the 2021 digital asset cycle top says the real-world asset (RWA) sector is showing a lot of market strength.
The analyst pseudonymously known as Pentoshi tells his 854,800 followers on the social media platform X that Chintai ( CHEX ), Ondo Finance ( ONDO ) and Clearpool ( CPOOL ) are three RWA altcoins poised for rallies.
RWA crypto projects aim to tokenize traditional assets so that they can be traded on blockchains, enabling efficiency and accessibility, fractional ownership and other benefits.
Says Pentoshi,
“CHEX, ONDO, CPOOL: RWA play updates. CHEX actually made new highs after the big sell-off two weeks ago, and RWAs had the strongest recoveries of any sector. All structurally look better than most of the market currently with retests of nice high time frame levels.”
Source: Pentoshi/X
CHEX is trading for $0.44 at time of writing, flat on the day.
Source: Pentoshi/X
ONDO is trading for $1.32 at time of writing, down marginally in the last 24 hours.
Source: Pentoshi/X
CPOOL is trading for $0.26 at time of writing, up 10% on the day.
The analyst also says that he is bullish on the Ethereum ( ETH )-based automated staking service Lido DAO ( LDO ), and he believes the token may get a boost from potential approvals of ETH exchange-traded funds (ETFs) with staking.
“LDO update: big move off the lows, probably a little local resistance here so potentially some consolidation but a great move so far…
Next guess is that more staked ETF filings will come through. Then these ETFs will have to decide on infrastructure. So people will have to think about who the infrastructure will be. And companies like BlackRock will choose LDO (will be another too) and some of these will probably have to reprice a bit in theory of course because with markets you never know.”
Source: Pentoshi/X
LDO is trading for $1.85 at time of writing, up 10% in the last 24 hours.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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