Cryptocurrency

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Chainlink

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-market-embraces-real-world-assets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Embraces Real World Assets</a><br></p>
<p style="text-align: justify">The cryptocurrency market is witnessing a surge in the popularity of Real World Assets (RWA), a new type of asset that is being tokenized for simplified trading and investment. These assets are gaining traction alongside <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">AI</a> altcoins, offering a unique investment opportunity. The article highlights three significant projects in this space.</p>
<h2 id="what-is-happening-with-avax-prices">What is Happening with AVAX Prices?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/avalanches-local-asset-avax-surges-overtaking-dogecoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX) has seen its price drop to a seven-month low, reminiscent of December 2023 levels. Trading at $28.48, it remains above the crucial support level of $27.72. The Relative Strength Index (RSI), a tool used in <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">technical analysis</a> to gauge the speed and change of price movements, shows an upward trend. AVAX, emerging from an oversold zone, might aim for a close above $31, confirming a bullish trend when the critical support is regained and the RSI tests the neutral line as support.</p>
<h2 id="how-is-chainlink-performing">How is Chainlink Performing?</h2>
<p style="text-align: justify">Chainlink (LINK) has managed to maintain its critical support level, unlike AVAX. LINK bounced back from $12.9, securing its support base and presenting a bullish outlook. The RSI’s near closure in the bullish zone above the neutral line supports this positive trend. Given Chainlink’s dominance in the Oracle space, a swift recovery is plausible, with a target price of $16.5 as broader market signals indicate slight bearishness.</p>
<h2 id="maker-s-prospective-recovery">Maker’s Prospective Recovery</h2>
<p style="text-align: justify">MakerDAO’s native token, Maker (MKR), is showing signs of a robust recovery. After hitting a multi-month low in June and testing $2,200 as a support level, MKR rose to $2,457. The RSI data indicates a bullish zone, and the neutral line is being tested as support. If MKR can surpass the resistance level of $2,693, it is expected to rise to between $3,000 and $3,159 by the end of July.</p>
<h2 id="concrete-insights-and-predictions">Concrete Insights and Predictions</h2>
<ul>
 <li>AVAX is looking to break above $31 to confirm a bullish trend.</li>
 <li>LINK’s support at $12.9 suggests a potential rise to $16.5 in the near term.</li>
 <li>MKR aims to surpass $2,693, with the potential to reach $3,159 by July’s end.</li>
</ul>
<p style="text-align: justify">As different types of assets continue to emerge in the cryptocurrency market, investors are presented with new opportunities and challenges. The growing interest in RWAs signifies a broader trend towards diverse investment options within the crypto space.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-market-embraces-real-world-assets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Embraces Real World Assets</a></h5>

Cryptocurrency Market Embraces Real World Assets

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