Glassnode Co-Founders Identify Nascent Crypto Sector That Looks 'Fundamentally Strong,' Update Bitcoin (BTC) Outlook

The co-founders of market intelligence firm Glassnode are identifying one nascent crypto sector that looks particularly strong while updating their outlook on Bitcoin (BTC).

Crypto market intelligence firm Glassnode’s co-founders are highlighting one emerging crypto sector that they say looks particularly strong while also sharing their latest thoughts on Bitcoin (BTC).

In a new thread on the X social media platform, Jan Happel and Yann Alleman – who goes by the handle Negentropic – say that real world asset tokenization protocols like Ondo Finance (ONDO) and Mantra (OM) seem to be “fundamentally strong” and poised to spark a rally to the upside.

“The top-performing altcoin narrative since the last dip and capitulation? Real World Assets (RWA). ONDO led the tokenization wave and is achieving adoption, but now OM (Mantra’s native token) stands out.

RWA small caps have fully retraced the post-Trump pump but keep swimming the narrative. Fundamentally strong, primed for buy and hold. The mid-term setup looks promising.”

ONDO and OM are valued at $1.31 and $5.83, respectively, at the time of writing.

Turning to the top crypto asset by market capitalization, Happel and Alleman say that bearish economic news could send BTC back down to a price of around $92,000 to $95,000.

However, the duo notes that Bitcoin could continue its bullish momentum if it successfully retests its resistance zone.

“BTC lost $100,000 [and is] retesting $97,200-$98,500. A clean consolidation here = bullish continuation. A break lower? $95,000 or even $92,000 could be next. Markets are on edge ahead of US jobs data and trade war. Buckle up.”

The flagship digital asset is valued at $96,674 at the time of writing, down marginally over the last 24 hours.

Featured Image: Shutterstock/Giovanni Cancemi