This Altcoin is the Safest Choice to Make Profit!

According to K33 Research, Chainlink’s LINK is the safest choice to profit from the RWA Tokenization trend. Chainlink has positioned itself as an important piece of infrastructure for connecting blockchains to the outside world. That’s why analysts say the altcoin project should capitalize on crypto’s real-world asset narrative.

According to K33 Research, this altcoin is the safest bet for ‘profit’!

Research firm K33 Research published a report on the cryptocurrency market on Wednesday. K33 Research notes in the report that the narrative of tokenization of real-world assets (RWA) is gaining momentum in crypto. He also says that Chainlink (LINK) is the “safest bet” for investors looking to profit from this trend. K33 analyst David Zimmerman points to altcoin Chainlink. In this vein, he says, “If we want to be exposed to the RWA narrative and avoid being pushed aside when it rises, LINK is the safest bet.”

Giant institutions such as global banks are also entering this field

Tokenization is a term used for placing traditional financial assets such as private equity, loans and bonds (often called RWA) on Blockchains. The process is touted as a way to reduce cost and operational friction and increase accessibility and transparency. Crypto platforms, as well as global banks, are already taking steps to benefit from tokenization. For example, cryptokoin.comAs you follow from, JPMorgan announced earlier today that it has executed its first live blockchain-based collateral settlement transaction involving BlackRock and Barclays. Such developments are very important for altcoin projects operating in this field.

In his report, David Zimmerman says there are still many obstacles for RWAs to reach their full potential. Still, the narrative will be “compelling” enough to potentially start an isolated RWA crypto bubble before RWA has a widespread and significant real-world impact, according to the analyst.

altcoin

Altcoin has gained an important position as a piece of infrastructure

David Zimmerman explains that Chainlink is positioning itself as an important piece of infrastructure for connecting to the outside world. The altcoin project achieves this through the oracle system and its wide range of partnerships. The analyst said, “It definitely won’t be the biggest winner! “But few projects are better positioned to capitalize on narrative,” he adds.

Zimmerman points to the long-term support level around $5.70 for investors to go long. Accordingly, he recommends waiting for lower prices to take a long position. At press time, LINK stands out as the crypto that is in the rare green zone while the market is moving in the red zone. At the time of writing, the altcoin was trading at $7.31, gaining 1.16% on a daily basis. However, the token has lost over 5% in value over the weekly timeframe. Additionally, LINK has seen a significant decline from its all-time high of $53. However, this year it recorded a significant increase of 32%.

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