RWA Tokens: Opulous (OPUL), Electra Protocol (XEP), and Mantra (OM) To Look Out For Amidst Ethereum Listing Hype

With the market anticipating a bullish turn in the coming weeks, low-cap altcoins are worthy to look out for. So, let's look closer at our top picks of RWA tokens for a massive jump as the market recovers and the hype around Ethereum listing grows.

As the dust settles on a turbulent H1 2023 for the crypto market, the second half is kicking off with a renewed bullish sentiment. While Bitcoin price showcases three consecutive positive days, the altcoins are quick to jump. Among them are the Real World Asset (RWA) tokens, that are bound to pique interest as the market anticipates Ethereum listing in July. But what exactly are RWA tokens and which ones should be on your crypto watchlist? Let’s take a closer look.

What Are RWA Tokens?

Real World Asset (RWA) tokens are a class of cryptocurrencies that derive their value from tangible, real-world assets. These assets can range from commodities like gold or oil to real estate or even intellectual property. Unlike stablecoins that are pegged to fiat currencies, RWA tokens are pegged to the value of these real-world assets, making them a bridge between traditional finance and the crypto world.

Now that we have a better understanding of RWA tokens, let's identify some promising tokens to keep an eye on. We've picked out a few low-cap altcoins that could make a massive jump as the market recovers and the hype around Ethereum listing grows.

1. Opulous (OPUL)

Opulous is a P2P DeFi platform that is backed by real-world assets. The platform boasts a market cap of $26M, and as the altcoins market bounces back, the OPUL token price is up by 20% in the last 24 hours.

On the daily chart, a falling wedge can be observed, highlighting an upcycle within the pattern. A morning star formation kicks off the uptrend, showcasing a 24% rise in three days. As the MACD and signal lines maintain a positive alignment, the RWA token is set to challenge the overhead resistance trendline.

With a potential breakout rally, the OPUL price could reach the 200D EMA at $0.145 next week. If the momentum continues, the uptrend could hit the $0.25 mark.

2. Electra Protocol (XEP)

Electra Protocol is an RWA token with a market cap of $11.82 million, up 6% today. Despite the clear downtrend on the daily chart, the XEP token price action reveals a strong support level at $0.0005229.

The declining trend forms a resistance trendline and leads to a death cross in the 50D and 200D EMA. However, the RWA token showcases a bullish reversal, gaining momentum and teasing a breakout rally from the trendline.

If the bull run continues, the XEP price can reach the $0.0010 psychological mark.

3. Mantra (OM)

OM is the native token of Mantra, a security-centered RWA Layer-1 Blockchain. The token is displaying a bullish trend on the price chart. A recent bull cycle is underway from the $0.6251 support level, with the OM token surging by 47% in 15 days.

Currently, the RWA token trades at $0.96 following an overnight jump of 4.73%. The bullish trend is set to cross the $1 psychological mark, teasing a new high momentum spike. As per the trend-based Fibonacci levels, the bullish reversal is ready to challenge the 38.20% level.

A breakout rally aims to potentially hit the $1.39 mark this month.

Conclusion

As the crypto market recovers and the anticipation for Ethereum listing in July builds up, several promising low-cap altcoins are poised to make a massive jump. Among them are the Real World Asset (RWA) tokens, that are designed to bridge the gap between traditional finance and the crypto world. We've highlighted a few RWA tokens to keep an extra eye on, but remember to conduct your own research and due diligence before making any investment decisions. Happy trading!