A well-known crypto analyst, Pentoshi, is predicting strong gains for Real-World Asset (RWA) tokens. He believes these tokens, which represent traditional assets on a blockchain, are currently outperforming much of the broader crypto market.
Pentoshi’s Top RWA Picks
Pentoshi highlighted three RWA altcoins as particularly promising:
- Chintai (CHEX): Pentoshi notes CHEX hit new highs recently, even after a market downturn. He sees it as structurally sound. Currently trading around $0.44.
- Ondo Finance (ONDO):
Another strong performer in the RWA sector, according to Pentoshi. Currently trading around $1.32.
- Clearpool (CPOOL): This token is up 10% on the day of the report, trading at $0.26. Pentoshi sees positive signs here as well.
Pentoshi emphasizes that, overall, these RWA projects appear more stable than many other cryptocurrencies.
Lido DAO (LDO): A Bullish Outlook
Beyond RWAs, Pentoshi is also bullish on Lido DAO (LDO), an Ethereum-based staking service. He believes potential approvals of Ethereum exchange-traded funds (ETFs) could significantly boost LDO’s price. He anticipates that companies like BlackRock, when choosing infrastructure for their ETFs, may select LDO, leading to price increases. LDO is currently trading around $1.85, up 10% at the time of this report.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in any cryptocurrency./p>
