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The RWA token, one of the biggest DeFi sub-sectors, is seeing dazzling innovations and projects, tokenizing real-world assets into asset-backed tokens on the blockchain. Some of the most prominent use cases for the RWA sector exist in the real estate, treasuries, and private credit spheres.
Among the many projects claiming real-world utility and adoption for their products lies Landshare. Landshare, unlike any other real estate-backed RWA platform, has created unique use cases by bringing real estate on-chain on the BSC chain.
Landshare will create a historic moment with its RWA token launch scheduled for December 7. The Binance Spotlight project has surpassed expectations and may see 2024 as the biggest gainer in its trajectory.
Let’s explore the reasons why Landshare may reach $5 soon.
Robust Fundamentals
Landshare converts real estate properties into asset-backed, yield-bearing tokens that appreciate in value and come with a set of utilities. RWA token holders will have the option to receive and auto-compound rental income.
Users can also obtain loans by submitting their fractional tokens as collateral. They can also resell in the secondary market or stake them to earn returns.
Landshare works on the dual-token economy model where LAND is the native token while LSRWA will be the RWA token for the Landshare economy.
December 7 is going to be a milestone in Landshare history as the platform is going to launch its very own RWA token via an STO. The token aims to remove redundancies in DeFi and act as a one-ticket entry into the world of TradFi and DeFi.
Along with the token launch, the platform has decided to end the year with a bang and introduce quite a few new developments, including an updated RWA liquidity strategy, DS Swap rollout, DeFi and cross-chain capabilities, property expansion, etc.
Despite facing competition from large-cap tokens like Realio, Propy, etc., the platform has an enthused community support and rapport of the leaders together. The project is also regulated under the US and the core team is completely doxxed and professional.
Strong Technicals
LAND has been gathering upward momentum since mid-November. It reached its monthly high of $2.07, flipping market resistance, which is also acting as its current support at $1.47. After a week’s correction phase, LAND is back in action. The token has been creating higher highs and looks ready for bigger gains, having gained 34% in the last three days.
The token has successfully tested support and moved in a parallel upward channel. Its technicals show strong buy signals. It also successfully tested 200-day EMA and SMA, and other moving averages. Its RSI remains neutral, though increasing trading volumes depict rising investor interest.
As the market pushes itself further up, Landshare, led by its historic token launch and a flurry of events scheduled to happen in December, may take a shot at achieving another ATH and reaching the $5 target as 2024 approaches.
At a market cap of $7 million and an upside potential of 10x, Landshare is highly undervalued and ripe for gains.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
