New altcoins of every type are entering the market all the time, but one up-and-comer in particular is expected to become the next breakout crypto star.
Analysts are projecting that ArbiSmart (RBIS) is set to rise by 18,000% in 2022, based on a number of factors like the speed of development and the rapid adoption of a diverse range of emerging trends from the metaverse to crypto banking.
What is the current project status?
ArbiSmart was initially listed last quarter, and since then has been added to a wide number of exchanges, including industry leaders like SushiSwap and Uniswap. With each listing it is increasing trading volume and liquidity, reaching new audiences and gaining recognition
The project currently offers crypto arbitrage, a form of fully automated investing, which generates annual passive profits of up to 45%. However, later this month, ArbiSmart will be introducing an interest-generating wallet that serves as the foundation for a financial ecosystem, offering an expanding range of crypto services.
It is worth noting that ArbiSmart is EU registered and authorized. This means essentially that it implements various protocols to safeguard client capital, protect against fraud, maintain secure, functional systems and ensure account privacy. The project is already authorized to provide a range of virtual currency services that include exchanging crypto against both crypto and fiat currencies, offering digital wallet services and providing crypto banking solutions. So it is well-positioned to hit the ground running as it introduces a stream of new utilities in the months ahead.
What’s coming in 2022?
First up is ArbiWallet, an interest-generating digital wallet supporting multiple crypto and FIAT currencies, that is scheduled for launch later this month. The wallet will offer a range of savings plans and offer interest of up to 147% on RBIS and up to 49% on all other currencies. Almost simultaneously, the development team will be introducing a mobile version, enabling users to deposit, buy, exchange, store, and withdraw funds directly from their phones.
This will be closely followed by the introduction of a decentralized yield farming service. The utility will be offered via Uniswap, though users will be able to access the service directly through an interface in the ArbiSmart dashboard. Participants will receive up to 190,000% APY as well as 0.3% of the fees on every trade in return for providing liquidity, through contributions to ETH/RBIS and USDT/RBIS liquidity pools.
Also coming up in the next few months is a marketplace for the purchase and sale of Non-Fungible Tokens (NFTs), as well as the release of a collection of 10,000 one-of-a-kind digital artworks.
Later in the year, an ArbiSmart crypto exchange is being introduced, as well as a play-to-earn gaming metaverse, where visitors will be able to buy, develop and sell virtual plots of land for real-world financial rewards.
A crypto banking package is also in the pipeline for 2022, which will include payment service solutions, crypto debit cards, and IBANs.
How will these developments impact the RBIS price?
RBIS is required for use of all the products and services offered across the ArbiSmart ecosystem. For example, a wallet owner must hold a minimum amount of RBIS to earn interest on their stored capital, also NFTs in the ArbiSmart marketplace, and virtual real-estate in the metaverse can only be purchased using RBIS.
So, with the introduction of each new utility demand for the token will rise. While RBIS demand increases, the token supply, which is finite and forever capped at 450 million RBIS, will shrink, driving up the price.
It is also significant that ArbiSmart’s network of services is completely interlinked, boosting RBIS liquidity. For example, an NFT purchased in the marketplace can be used as an in-game item in the metaverse and crypto purchased on the exchange can earn interest in an ArbiWallet. Also, preferential terms are offered for use of more than one utility. For example, just for holding a non-fungible token from the ArbiSmart NFT marketplace the NFT holder is eligible for a higher APY in the decentralized yield farming program.
Even though the current RBIS price is under a dollar, analyst projections of a rise to $180 in 2022 are beginning to seem conservative. RBIS is clearly on an upward trajectory with the price on track to soar as the ecosystem expands. To get the highest possible gains, the best time to buy RBIS is now!
The post Get ready for an explosion! Analysts think RBIS will X180 in 2022 appeared first on The Cryptonomist.
