Crypto Projects in RWA Tokenization Thrive as Quant Surges
Several top crypto projects in the Real World Asset (RWA) tokenization industry are thriving, particularly Quant, Chainlink, and Ondo Coin.
Quant's token price has surged by over 40% in the last 24 hours after several UK banks executed tokenized deposits through Quant's technology.
The QNT token has formed a golden cross pattern on its daily chart, indicating momentum that can extend beyond the initial spike.
However, there is a risk of mean-reversion if the price stays overbought and breaks below ~$84.7.
Chainlink's LINK token is also expected to rise due to increasing demand for tokenized assets, having already formed a golden cross pattern and retested key support near $10.26.
Ondo Coin has seen a significant rally after the SEC gave tokenization an innovation exemption and partnered with BlackRock, moving above its crucial resistance level of $0.4843.