With the crypto market in freefall, digital currency owners are having to navigate a challenging financial landscape. While many crypto holders are just looking to stem the bleeding, and shield against further losses, other are looking for the smartest, safest way to profit from the bear market.
Right now, one crypto opportunity stands out from the crowd. RBIS, the native token behind the ArbiSmart project, is steadily climbing in price, even as other coins crash and burn. So far, it has already risen by over 40% and analysts are projecting a jump from the current valuation of under $1 to an incredible $27 by Q1 2023!
ArbiSmart is an EU authorized interest-generating wallet and financial services hub and while the native token was first listed on exchanges only a few months ago, in January 2022, major crypto exchanges including Binance and Coinbase are now publishing guides to buying the RBIS token.
There are a number of factors contributing to the current growth and projected future rise in token value. Let’s take a look.
The new ArbiSmart wallet
This week, ArbiSmart kicked off a huge development push with the launch of its interest-generating digital wallet.
The wallet supports traditional currencies, like EUR, USD, and GBP, in addition to a wide choice of digital currencies like BTC, ETH, BNB, XRP, COMP APE, AAVE, UNI, LINK, MANA, and AXS as well as many others.
The wallet offers high interest rates of up to 147% a year and users can fully customize their plan.
Wallet holders can choose to store funds in an interest-free balance and withdraw the money at their convenience or lock the funds in a savings plan for periods of two, three, or five years. The interest, which is received daily, can be locked alongside the funds on which it is being earned or sent automatically to a separate, open balance where it can be accessed any time.
To be eligible to open a savings plan and earn interest, a wallet user needs to hold some RBIS, the native token. The precise amount of RBIS they hold determines their account level, which decides how much interest they earn. The more RBIS they have, the more interest they will receive on balances in all supported currencies.
Holding RBIS also brings with it a number of further benefits, such as the fact that RBIS balances can earn as much as three times more interest than any other balance. All wallet-supported FIAT or cryptocurrencies earn up to 49% a year, except for RBIS, which will earn up to 147% a year. In addition, even if the user’s balance is in EUR or ETH, they can choose to receive their daily interest in RBIS and earn a higher rate. All these RBIS incentives, plus the fact that owning more native tokens mean greater voting power over the future direction of the project, are likely to boost RBIS demand and drive up the price.
Steady revenue even in a bear trend
In the current crypto climate, it’s critical to keep in mind that even in a bear market, the wallet user’s FIAT or cryptocurrency will continue to grow. While waiting for the market to bounce back they can more than double their balance in a single year.
As the new wallet gains momentum, growing its user-base, the RBIS token will rise in value. The more RBIS a wallet holder owns, the more interest they earn, incentivizing the purchase of the token and increasing demand. At the same time, as a large amount of RBIS is taken out of circulation to be locked in savings plans, the token supply, which is already forever capped at 450M RBIS, will drop, phishing up the price.
The ArbiSmart ecosystem also generates passive profits in an upturn or a downturn with its automated crypto arbitrage service, which offers a great hedge against falling prices. The platform generates up to 45% APY, by exploiting temporary price disparities across exchanges, which occur equally frequently, whichever direction the market is moving.
Major ecosystem growth
If the development team continues to stick to the roadmap, ArbiSmart (RBIS) is on track to see increased demand in the second half of 2022 as multiple new RBIS utilities are launched in the coming months. All the services in the ArbiSmart ecosystem require use of the RBIS token so more utilities mean a drop in the finite token supply and an increase in demand.
In Q3 and Q4, ArbiSmart is releasing a mobile application, an NFT marketplace, a collection of unique digital items, plus a decentralized yield farming program that rewards liquidity providers with 0.3% of the fees from each trade and up to 190,000% APY. By the end of this year, ArbiSmart also plans to launch a cryptocurrency exchange as well as a play-to-earn gaming metaverse.
All the services are designed to be interlinked, so, for example, an NFT can be used as an avatar in the metaverse, and this interconnectedness will enhance liquidity and encourage simultaneous use of multiple services across the ecosystem.
On close inspection, analyst projections of a rise to sixty times the current RBIS price start to seem increasingly conservative. RBIS demand is almost certain to take off over the coming weeks and months, as new utilities are added, the wallet gains traction and crypto owners look to benefit from its bear-resilience and earn consistent daily profits even in a crash. To seize the moment, before the value soars, you can buy RBIS now, via leading exchanges or straight through the ArbiSmart dashboard.
The post RBIS Coin is up over 40% and is projected to x60 by 2023 appeared first on The Cryptonomist.
