The project has been one of the Binance project spotlights, paving the way for new RWA use cases – Landshare.
The real-estate-based RWA spiked by 37% in a single day and 70% in the last 30 days – the impeccable trajectory is worth considering, given that such a rally is so wanted in the larger market.
It is essential that we study the reasons for the project’s meteoric rise and determine whether it is worth investing in.
Let’s delve into the technicals first.
Does Landshare Look Ready For a Sustained Bull Run?
A cursory look at the chart shows that the spike isn’t hype-led. $LAND, Landshare’s native token, has been moving in an ascending parallel channel for a long time, steadily gaining momentum.
However, the token failed to test support at $ 0.63 on November 14. It started moving sideways and touched the market bottom at $0.55. It then dived into a rally on November 20 and attained its ATH at $0.87. This ATH is also currently acting as resistance. LAND is trading at $0.77, 37% up in a day.
LAND must overcome Fib .236 resistance at $0.80 to continue charting up and retain its momentum. Any downside movement will bring $0.75 and $0.67 as immediate support.
The technicals show strong buy signals for RSI, Oscillators, and moving averages. LAND has a robust RSI of 69, which shows gaining buyer trust and peaking momentum. It has successfully tested all simple and exponential moving averages. The daily trading volume has also shot up by 228.91%.
There can be no better ‘perfect conditions’ for a token. The coin looks ready for its bull run this season.
Is Landshare Headed For Big Wins?
Landshare was the first-ever project to sell property on the BNB team. It has a doxxed team and strong community support.
The project has been active since 2021 and is based on a simple idea – buy, earn, and hold from a single token, removing the complexities of DeFi and liquidity pools. The project is an ever-expanding series of rental and renovation properties.
It provides a simple and efficient way to buy real estate, even in fractions. Landshare is regulated under the US Laws. Its upcoming RWA token launch is going to be a historic event and investors are bullish on the RWA launch. 1
LAND has a strong case of utility and attractive returns, given its super-low market cap of $3M and extreme potential for growth. The project remains highly undervalued. For instance, it has a 10x growth potential compared to another RWA project Realio, with a market cap of 20 million.
