Real World Assets (RWA) Altcoins to Trade in August 2024

Avalanche (AVAX)

- Development: The California DMV has digitized 42 million car titles on Avalanche’s network, indicating significant adoption.

- Price Analysis: AVAX needs to breach the 23.6% Fibonacci Retracement line at $32.98 to trigger a recovery, while $24.43 serves as a critical support level.

Maker (MKR)

- Development: Maker DAO is set to launch Endgame, which aims to scale the DAI supply to 100 billion.

- Price Analysis: MKR’s price could surge if it breaches the resistance at $3,159 and secures $3,000 as support. $2,555 is a crucial support floor.

Lumerin (LMR)

- Performance: LMR has risen over 142% in the last month, from $0.009 to $0.022.

- Price Analysis: Breaching $0.026 could enable further rallies, while failing to hold $0.019 support would invalidate the bullish outlook.

MANTRA (OM)

- Performance: OM hit a new all-time high at $1.41 in July but has since declined, losing the support of $1.20.

- Price Analysis: If OM falls below $1.04, it might bounce back from $0.95, with a risk of dropping to $0.79.

Maple (MPL)

- Performance: MPL rose by 55% last month, trading at $17.97.

- Price Analysis: Breaching $21.06 could lead to a rise to $25.76. Falling below $15.51 could see MPL drop to $11.16.

Disclaimer

- Advice: The article is for informational purposes only and not financial advice. Market conditions can change, and readers are encouraged to conduct their own research..