- RWAs are leading Thursday’s early crypto market rebound.
- INJ is at the forefront with a 10.83% surge in the early hours of Thursday.
- Nine of the ten top RWA tokens recorded profits in the early hours of Thursday.
Real-world assets (RWAs) class of digital assets are leading Thursday’s early crypto market rebound, per CoinmarketCap’s post on X.
The major crypto aggregation platform pointed out the cryptocurrencies’ performance as of Thursday morning, showing that Injective (INJ) led the pack with a 10.83% surge among the top 10 RWA assets by market cap at the time of the post.
INJ, HBAR, QNT Lead RWA Gains
According to CoinmarketCap’s post, nine of the ten highlighted tokens recorded gains in the early hours of the trading session. HBAR and QNT surged over 5% as of the report’s time, while ONDO, VET, ALGO, LINK, AVAX, and XDC recorded gains that were below 5%. Only OM posted a loss of -2.41% among the identified tokens.
It’s worth noting that crypto analysts think 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.
Related: Forget Memes, Focus RWAs: Top 5 Crypto Tokens to Watch in the $58 Billion Market
Altcoin Market Cap Shows Signs of Recovery
The current bear trap saw the total altcoin market cap drop from $1.56 trillion in the middle of January to a current value of $1.22 trillion. However, it’s important to mention 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.
Related: Investors Inject $1.9B Into the Crypto Market After President Trump’s Executive Orders
Right now, 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.
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