Propbase Surged 90%, but This RWA Token Beats All Jumping Over 170% Since November 2023
The leading cryptocurrency Bitcoin ($BTC) hit $45,000 after a notable surge of nearly 30% in the last three months. The price level last attained in April 2022. There were multiple factors behind the significant jump in cryptocurrency’s price. Growth of other sectors across the crypto industry, such as RWA tokenization, plays a crucial role.
Tokenization of assets took flight in the past couple of years. The tokenized assets, as a result, poised to play a major role in the potential growth of the crypto market in 2024.
Propbase ($PROPS), for instance, specializes in tokenization of real-estate properties and its value surged up to 90% since November. But Binance Smart Chain-based tokenization platform Landshare ($LAND), whose price swell 170% in the similar time frame, went on to beat even the outperformer.
What Makes RWA Tokens Catalyst to Trigger Next Bull Run?
According to the research, the tokenization of assets holds a valuation of over $600 Trillion. This presents a huge opportunity for emerging projects to digitize the illiquid assets with the help of cutting-edge blockchain technology. The value of assets can then be described in terms of RWA tokens where each token represents a fraction of assets’ value.
Landshare ($LAND) project redefines traditional real-estate investment which requires sound capital and complex knowledge. Tokenizing the real estate property, Landshare facilitates customers to start real estate investments with as low as $50.
Even the smallest amount makes the investor owner of a fraction of a real estate property across most attractive and growing destinations across the globe. The investors can enjoy over 13% yield annually on their $LAND token staking. In addition to the fractional ownership of the property, they can also enjoy sharing the certain rental yield up to 6.9%.
The Landshare ecosystem consists of two tokens, both assigned different tasks to perform over the platform.
$LAND is the native token of Landshare that serves as a governance and utility token on the platform. The token plays an important role for facilitating transactions, gives voting rights, and provides access to the ecosystem.
$RWA token is a representation of all the real estate assets associated with the Landshare ecosystem. The token is backed by real estate properties and hence represents the value of RWAs. $RWA token is pegged to the property 1:1. So with the time value of Landshare property increases, the value of $RWA token rises simultaneously.
Globally the real estate market valuation stands at $325 Trillion and out of which, only a Billion USD worth properties are represented digitally. The market capitalization of $PROPS is around $5.7 Million. Some other counterparts such as TokenFi ($TOKEN) and Realio ($RIO), account market capitalization of $32 Million and $5.2 Million respectively. Given the market cap of $5.4 Million, $LAND token is undervalued and holds a huge potential to skyrocket.
$LAND in comparison to other RWA projects sets itself apart for multiple factors. The project is bullish on the RWA revolution and in position to get the most benefits. It has separate tokens for different operations, makes investments simplified, and offers instant liquidity.
$LAND token trading price currently stands at $1.51 and as mentioned above, the token saw a massive surge of 160% in the last two months. The market cap is $5.4 Million at present that shows the token is undervalued in comparison to the counterparts.