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The price of Bitcoin has tanked to around the $20 mark and other major cryptocurrencies are feeling the effects of the crash just as acutely. But even as the bear market bites, some digital currencies are still managing to offer great long term investment opportunity , while also providing consistent daily profits.
One coin that is quietly building momentum and gaining ground at a steady rate is RBIS, the native token behind the ArbiSmart project. Last week alone, the coin grew by over 65% and analysts are predicting a rise from the current price of under $1 to a whopping $27 by Q1 2023!
What Does ArbiSmart Do?
ArbiSmart (RBIS) is an EU authorized interest-generating wallet and crypto services ecosystem. At the beginning of this year, the token was listed for the first time and it is now available on major exchanges like Uniswap and SushiSwap, while crypto giants like Binance and Coinbase are now publishing RBIS purchase guides.
ArbiSmart’s flagship service is its interest-generating digital wallet, launched at the end of June 2022, the first in a series of new utilities set for launch this year.
The wallet supports a wide range of FIAT currencies, like USD, GBP, and EUR as well as a huge selection of cryptocurrencies, from household names like BTC, ETH, XRP, COMP, and BNB, to breakout stars like APE, AAVE, UNI, LINK, MANA, and AXS among others.
Wallet holders can choose from a range of options. Funds can be kept accessible at all times, without earning interest, or locked in a savings plan for a period of two, three, or five years. Interest on savings balances is paid out daily, and the wallet holder can choose to add the profits to the locked balance on which they are being earned, or automatically send the interest to a separate, open balance where it can be withdrawn at any time.
The wallet offers a series of attractive incentives for holding RBIS, which is likely to increase demand for the token.
To start with, a wallet holder’s account level is based on how much RBIS they own. The account level determines how much interest they earn on savings balances in any of the ArbiSmart wallet’s other supported currencies. So, the more RBIS you have, the more you can make on your EUR or BTC balance.
Another incentive to buy and hold RBIS is the fact that RBIS balances earn a much higher interest rate than any other balance. All supported crypto and FIAT currencies earn up to 49% a year, except for RBIS, which earn up to 147% a year.
Wallet held capital will also earn higher rates if the interest is received in RBIS. So, even if the balance is in BTC or EUR, if the daily interest is received in RBIS the interest will be higher.
While not a direct source of financial gain, another incentive for holding RBIS is the fact that one RBIS is equal to one vote, meaning more token ownership gives you greater power over the future direction of the entire project.
Reliable Revenue in an Upturn or Downturn
One more reason that RBIS has been steadily gaining ground, rising in value even in a falling market is that it offers consistent streams of passive profit regardless of the market trajectory. As an ArbiSmart wallet holder if you own a minimum amount of RBIS, you can keep the rest of your funds in your favorite traditional or digital currencies, and securely wait out the bear market, while simultaneously doubling your capital through a savings plan.
With the introduction of the new wallet, the RBIS token price will be also driven even higher as a result of “supply shock”. Over the next few months, as the wallet takes off, an increasing amount of RBIS will be taken out of general circulation to be locked in savings plans for periods of two, three or five years, leading to a lower (already limited) supply and an increase in demand.
Another RBIS utility that can generate reliable passive profits in a bull or bear market is ArbiSmart’s automated crypto arbitrage service. It makes money from brief instances where a coin is available across various exchanges at different prices at the same time. Temporary price disparities are a common occurrence, and they emerge just as regularly in downturn or an upturn, making the service the perfect hedge against a bear trend.
What to Expect in the Coming Months
The optimistic projections for the token price over the year ahead are largely the result of the massive development push currently underway.
In the second half of 2022, ArbiSmart is introducing a stream of new services, all of which will require use of the RBIS token. These will include a mobile application providing access to all the services in the ArbiSmart ecosystem via your phone, as well as a decentralized yield farming service that will rewarding staking with 0.3% of the fees from each trade plus up to 190,000% in annual percentage yields. Almost simultaneously, ArbiSmart will also be launching a marketplace for buying and selling non-fungible tokens (NFTs) and releasing a collection of thousands of one-of-a-kind pieces of digital art. A little further down the line, ArbiSmart will be introducing a cryptocurrency exchange as well as a play-to-earn metaverse where visitors will be able to purchase, develop and sell plots of virtual real-estate.
The interconnectivity of all these services will further boost RBIS liquidity and increase demand. For example, if you buy an NFT in the marketplace, you can use it as an avatar in the metaverse or exploit its unique gamification function in the yield farming program, where it can boost your APY.
Demand for RBIS is on the rise, and purchasing the token offers a great way to generate a steady profit on a daily basis even in a bear market. If the price continues to go up, in line with analyst projections, you can enjoy great capital gains, on top of the interest from long-term savings plans. The token can be purchased with ease through 3rd party exchanges or directly through the ArbiSmart dashboard, and now is the time to buy, before the newly launched wallet takes off and the other upcoming utilities are introduced, driving up demand.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
The post This Coin, up 65% Last Week, Is Expected to X54 by 2023 appeared first on The Cryptonomist.
