"Pentoshi's RWA Altcoin Picks: CHEX, ONDO, CPOOL Set for Rallies"

A crypto strategist known for accurately predicting the 2021 digital asset cycle peak has identified the real-world asset (RWA) sector as a promising area in the current market. The analyst, pseudonymously known as Pentoshi, has shared his top picks for RWA altcoins poised for rallies with his 854,800 followers on the social media platform X.

Pentoshi highlights Chintai (CHEX), Ondo Finance (ONDO), and Clearpool (CPOOL) as three RWA altcoins with strong market potential. RWA crypto projects aim to tokenize traditional assets, enabling efficiency, accessibility, fractional ownership, and other benefits when traded on blockchains.

According to Pentoshi, "CHEX, ONDO, CPOOL: RWA play updates. CHEX actually made new highs after the big sell-off two weeks ago, and RWAs had the strongest recoveries of any sector. All structurally look better than most of the market currently with retests of nice high time frame levels."

At the time of writing, CHEX is trading at $0.44, flat on the day, while ONDO is trading at $1.32, down marginally in the last 24 hours. CPOOL, on the other hand, is trading at $0.26, up 10% on the day.

The analyst also expresses bullish sentiment towards the Ethereum (ETH)-based automated staking service Lido DAO (LDO). Pentoshi believes that potential approvals of ETH exchange-traded funds (ETFs) with staking could boost the token's value.

"LDO update: big move off the lows, probably a little local resistance here so potentially some consolidation but a great move so far... Next guess is that more staked ETF filings will come through. Then these ETFs will have to decide on infrastructure. So people will have to think about who the infrastructure will be. And companies like BlackRock will choose LDO (will be another too) and some of these will probably have to reprice a bit in theory of course because with markets you never know."

At the time of writing, LDO is trading at $1.85, up 10% in the last 24 hours.