The broader crypto market experienced a pullback in September as dampened investor sentiment weighed on trading activity. This downturn was reflected in the real-world assets (RWA) sector, whose market cap slipped by 6% during the 30-day period.
Interestingly, despite the slump, some RWA-based tokens have logged gains, especially over the past week, as renewed demand begins to flow back into the market. With momentum building, here are three RWA altcoins worth watching in October
Centrifuge (CFG)
CFG powers Centrifuge, a decentralized credit platform that connects real-world assets to decentralized finance (DeFi). Trading at $0.61 at press time, CFG’s price has soared by 27% in the past week. This makes it one of the RWA altcoins to watch this month.
This double-digit rally is backed by significant demand, hinting at a likelihood of further gains in the coming sessions. On the daily chart, CFG’s Chaikin Money Flow (CMF) rests above the zero line at 0.03 and maintains an upward trend.
The CMF measures how money flows into and out of an asset. A CMF reading above zero indicates that more capital is flowing into the asset than out, reflecting net buying activity.
This trend signals strengthening CFG accumulation and a growth in investor confidence. If the rally continues, CFG’s price could reach $0.409.
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On the other hand, if bullish momentum weakens, its price risks losing current support at $0.3436 and falling toward $0.2915.
Tharwa (TRWA)
TRWA has also bucked the recent market dip to record 13% price gains in the past week, making it another RWA-based token to watch this month.
The climbing demand for the altcoin is reflected by its Moving average convergence/divergence (MACD), which hints at a further uptick in the near term.
As of this writing, TRWA’s MACD line (blue) rests above its signal line (orange) at press time, indicating that the bulls are gaining strength. Although the bullish crossover has taken place below the zero line, it still suggests that downside momentum is weakening and that a potential trend reversal could be underway if buying pressure continues.
In this scenario, TRWA’s price could gain more strength and rocket toward $0.1124.
However, if the bulls lose their conviction and demand stalls, TRWA’s price could breach support at $0.00757 and fall to $0.00165.
Libertum (LBM)
LBM’s value has increased by 43% in the last seven days and is currently trading at $0.0177. The rising demand for the token, indicated by its surging Relative Strength Index (RSI), suggests the likelihood of an extended rally.
This indicator, which tracks the token’s overbought and oversold market conditions, is at 64.81 at press time, suggesting that buying activity outweighs sell-offs among market participants.
If this trend continues, LBM’s price may rally past $0.02268.
On the other hand, if selling pressure gains momentum, LBM’s price may fall toward $0.01123.
The post 3 Real-World Assets (RWA) Altcoins to Watch in October appeared first on BeInCrypto.