As the bear trend continues into the autumn, Bitcoin owners have seen the currency drop below the $20,000 threshold and the market is still falling. Even so, this doesn’t mean that crypto owners should give up on digital assets, or just sit around, waiting for prices to recover.
In fact, in the current market conditions, some coins are actually soaring in value, such as RBIS, the token behind the ArbiSmart project. ArbiSmart is a rapidly expanding financial services ecosystem. It offers a number of bear-resilient utilities, which have made it a popular choice among crypto investors, and according to analysts, RBIS is set to rise to 30 times the current value by the end of the year and climb even higher in Q1 of 2023.
The Perfect Project in a Crash
When it comes to making money from your crypto in a bear market, many of the options are exceptionally risky or involve constant market monitoring.
However, ArbiSmart’s automated crypto arbitrage service enables users to deposit funds and then let the algorithm take over. It converts the funds into the native token, RBIS and use them to generate reliable passive profits of up to 45% a year. The exact amount depends on the size of the investment and remains the same, whichever direction the market is moving.
Crypto arbitrage works by taking advantage of price inefficiencies. These are brief periods during which a coin is simultaneously available across exchanges, at different prices. Inefficiencies pop up all the time, in all types of market conditions and there are numerous causes, such as a difference in trading volume between a larger exchange and a smaller one.
ArbiSmart’s automated system is connected to 35 exchanges, where it tracks hundreds of crypto assets, 24/7, looking for temporary inefficiencies. It buys the asset at the lowest offered price then sells it instantly at the highest offered price to make a profit on the spread.
Another way in which ArbiSmart enables crypto owners to generate steady profits even in a bear market is with its recently launched interest-generating wallet. Users will earn the same level of interest in either a bull or bear market, earning unmatched rates of up to 147%, on 25 different supported FIAT and cryptocurrencies.
Funds can be kept available, interest-free, or be held in savings plans for periods of a month, 3 months 2 years, 3 years, or five years, with a better return, the longer the funds are locked up. Interest, which is paid out daily, can also be sent to an available balance, where it is always accessible, or added to the locked savings, on which it is being earned, for a higher rate.
The exact amount of interest earned by a wallet holder is determined by their account level, which is based on how much RBIS they own. The more of the native token they hold the higher the rate they earn on balances in every supported currency from BTC and ETH to EUR and USD.
Wallet holders can open a savings plan in RBIS to earn a rate that is three times higher than for plans in all other currencies. However, if they want to keep their savings plan in a preferred currency without converting it into RBIS they can do so and still increase their earnings by choosing to receive the daily interest in RBIS.
Mjor Expansion Efforts
The ArbiSmart ecosystem is in the middle of a massive growth spurt, which began in July with the introduction of the new wallet. At the end of Q3, the development team is scheduled to launch a mobile application for buying, exchanging, and storing digital assets, and this will be almost immediately followed by the release of a DeFi protocol unlike any other available today, since it will include unique gamification features. The protocol will enable yield farmers to loan funds and provide liquidity, for rewards that include up to 190,000% APY, plus 0.3% of the fees charged for each trade.
In Q4, the team will also be releasing a marketplace for the purchase and sale of non-fungible tokens (NFT’s), as well as an exclusive ArbiSmart collection of one-of-a-kind digital artworks. Close on its heels will be the launch of a cryptocurrency exchange as well as a play-to-earn metaverse where participants can buy, build on, and sell plots of virtual land for actual profit.
This long list of new ArbiSmart services, will launch in quick succession, providing multiple new, potential revenue sources from yield farming and NFT investment to trading and gaming.
All these new utilities will be interlinked, meaning that use of one service will ensure better terms when using another. For example, by purchasing an ArbiSmart NFT, a yield farmer will benefit from a digital investment as well as a means of boosting their score in the DeFi protocol and increasing their APY.
A 200% Rise in Just 2 Weeks
The RBIS token has already risen in value over 200% over the last two weeks and is continuing to climb at an accelerated pace. This is in large part due to the steady rise in token demand.
All ArbiSmart ecosystem services require use of the RBIS token. With the rising popularity of the crypto arbitrage system due to the fact that it offers a great hedge against falling prices, and the growing momentum of the new wallet, token usage will increase. Since it was introduced this July, the wallet has been gaining traction and as more people place RBIS in long-term, locked savings plans, taking it out of circulation, the available supply will decrease. Demand will soar even higher with the introduction of each of the many upcoming RBIS utilities in the pipeline for this winter.
The token supply is finite, meaning that the amount that can ever be created is permanently limited. So, as the growing token demand outpaces the shrinking supply, the RBIS price will shoot higher generating profits for RBIS holders on the rising token value. RBIS is continuing to climb, in line with analyst estimations, and this is the time to get on board before it is no longer affordable.
Crypto investors who wish to make a profit from their Bitcoin or other cryptocurrencies, even in a bear market can start earning today, by opening a wallet now!
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
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