RWA Tokens Making Real Moves Today: $INJ Leads With 10.83% Surge, While Others Show Strong Momentum

The major crypto aggregation platform pointed out the cryptocurrencies’ performance as of Thursday morning, showing that Injective (INJ) led the pack with a 10

Real-world assets (RWAs) class of digital assets led Thursday’s early crypto market rebound, according to CoinmarketCap.

The major crypto aggregation platform highlighted the cryptocurrencies’ performance as of Thursday morning, showing that Injective (INJ) led the pack with a 10.83% surge among the top 10 RWA assets by market cap at the time of the post.

RWA tokens making real moves today! 🌐

$INJ leads with 10.83% surge, while others show strong momentum!

Explore more 👉 https://t.co/z9HUgv2DDS

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INJ, HBAR, QNT Lead RWA Gains

According to CoinmarketCap’s post, nine of the ten highlighted tokens recorded gains in the early hours of the trading session. HBAR and QNT surged over 5% as of the report’s time, while ONDO, VET, ALGO, LINK, AVAX, and XDC recorded gains that were below 5%. Only OM posted a loss of -2.41% among the identified tokens.

It’s worth noting that crypto analysts believe the RWA rebound is part of an expected recovery by altcoins after the crypto market’s pullback into a bear trap. The cryptocurrency market has been under bearish pressure this past month, despite several top investors’ expectations for the bull run to continue.

Altcoin Market Cap Shows Signs of Recovery

The current bear trap saw the total altcoin market cap drop from $1.56 trillion in mid-January to a current value of $1.22 trillion. However, it is important to note that the current altcoin market cap is higher than the very low point on February 3, when the value fell sharply to $1 trillion.

Since then, the altcoin market cap has increased by 6% from a $1.17 trillion weekly low, according to data from TradingView. Analysts believe this latest recovery signals an altcoin market rebound, with RWAs leading the way, based on CoinmarketCap’s data.

INJ, the top performer in Thursday’s rally, is currently trading at $15.667. This price represents a significant resistance for the digital asset. If it manages to break above, it could pave the way for higher price targets.

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