"RWAs Lead Crypto Rebound: INJ Surges 10.83% in Early Thursday Trade"

Real-world assets (RWAs), a class of digital assets, are leading the early crypto market rebound on Thursday, according to CoinmarketCap's post on X. The major crypto aggregation platform highlighted the cryptocurrencies' performance as of Thursday morning, with Injective (INJ) at the forefront, surging by 10.83% among the top 10 RWA assets by market cap at the time of the post.

Nine of the ten highlighted tokens recorded gains in the early hours of the trading session. HBAR and QNT surged over 5%, while ONDO, VET, ALGO, LINK, AVAX, and XDC recorded gains below 5%. Only OM posted a loss of -2.41% among the identified tokens.

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 notable investors' expectations for the bull run to continue.

The total altcoin market cap dropped from $1.56 trillion in mid-January to a current value of $1.22 trillion. However, it's 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 6% from a $1.17 trillion weekly low, based on data from TradingView. Analysts see this latest recovery as a signal for an altcoin market rebound, with RWAs in the lead, based on CoinmarketCap's data.

Currently, INJ, the top performer of Thursday's rally, is trading at $15.667. That price is at a significant resistance for the digital asset. If it breaks above, it could pave the way for higher price targets.