Glassnode Co-Founders Spotlight RWA Tokenization, Update Bitcoin Outlook
1min read Glassnode Co-Founders Identify Promising Crypto Sector and Update Bitcoin Outlook
The co-founders of Glassnode, a leading market intelligence firm, have shared their insights on the crypto market, highlighting a promising sector and updating their outlook on Bitcoin (BTC). In a recent thread on the social media platform X, Jan Happel and Yann Alleman, known as Negentropic, have identified real-world asset tokenization protocols such as Ondo Finance (ONDO) and Mantra (OM) as "fundamentally strong" and poised for a rally.
According to Negentropic, real-world asset (RWA) tokenization has emerged as the top-performing altcoin narrative since the last market dip. ONDO, which led the tokenization wave, has achieved significant adoption, while OM, the native token of Mantra, has gained attention. Despite fully retracing the post-Trump pump, RWA small caps continue to swim the narrative, presenting a promising mid-term setup for investors.
As of writing, ONDO and OM are trading at $1.31 and $5.83, respectively. Turning their attention to Bitcoin, Happel and Alleman have discussed the potential impact of economic news on the cryptocurrency's price. They suggest that if BTC successfully retests its resistance zone, it could continue its bullish momentum. However, they also warn that a break lower could send BTC back down to a price tag of between $92,000 and $95,000.
At the time of writing, Bitcoin is trading at $96,674, with a fractional decrease over the last 24 hours. As markets remain on edge ahead of US jobs data and trade war developments, investors are advised to stay vigilant and prepare for potential volatility.
