Sell or HODL? What to Expect Next for the RBIS Price
The Current Token Price
The RBIS token is currently trading at over $10, having experienced some initial volatility. To try and anticipate what will happen to the value of the token in the weeks and months ahead a number of factors need to be considered, such as the listing process, the arrival of the RBIS withdrawal date, and the new utilities set for launch in Q1 and Q2 of 2022.
The listing process began at the start of the new year, and the token has already been added on a wide selection of top-tier exchanges including LAToken, Coinsbit, Uniswap, HitBTC, and SushiSwap. An ongoing process, set to continue throughout 2022, the RBIS listing is gaining momentum, leading to new, even more prominent exchanges, with greater liquidity levels and trading volume, adding the token. With every exchange the RBIS token proves its viability, gains name-recognition and becomes available to an even bigger crypto community.
A Potential Price Dip
RBIS has just become available for withdrawal. You can decide to access your entire balance or just make a partial withdrawal and trade your RBIS on any of the exchanges where the token is listed.
It is critical to keep in mind that initially, RBIS is likely experience a temporary drop in price. A lot of platform users have been waiting for the token to become tradable, so they can finally profit from their RBIS, including those with long-term savings account contracts that released funds at the end of 2021. This could create a price dip with many people looking to sell at once. However, choosing to submit to selling pressure right now might not be the most lucrative option.
In order to ensure you don’t lose money on the sale, the better choice might be to HODL, holding on to your RBIS for just a few months, until the price stabilizes. This is because the new RBIS utilities in the pipeline for early 2022, as well as the listing of the token on additional big-name exchanges over the coming weeks and months is likely drive up the price considerably. Due to all these developments RBIS is on track to bounce back higher from the dip, sustaining an overall upward trajectory and proving its long-term viability.
A great way to make sure your RBIS isn’t just sitting idle once it is withdrawn, while you are waiting for the price to bounce back, is to put it to work on your behalf in ArbiSmart’s new decentralized yield farming program.
New RBIS Utilities Coming Soon
In the next couple of weeks, ArbiSmart is introducing a yield farming service, which is likely to dramatically increase RBIS token liquidity. The service will be provided through the decentralized application, Uniswap and in return for the loan of your capital, you will receive up to 190,000% APY. Just contribute to an ETH/RBIS or a USDT/RBIS liquidity pool and receive RBIS tokens as a reward for staking your capital. The yield farming program offers industry- high profits and you will receive 0.3% of the trading fees on every transaction as well as additional benefits. For example, by participating in the program you will receive exclusive, preferential terms such as reduced fees and higher APYs when using other RBIS utilities. It’s also worth noting that you can withdraw your RBIS at any time, and either trade it on an exchange or use it to benefit from other ArbiSmart services.
Also in early 2022, shortly after the launch of the decentralized yield farming service, we will be introducing an NFT marketplace with a collection of 10,000 unique digital artworks. Each individual piece will be certified by a non-fungible token (NFT) that can only be bought using RBIS.
Supply and Demand
As the listing process continues, and new RBIS utilities are introduced, token demand is likely to rise significantly. Meanwhile the token supply is finite, permanently capped at 450 million RBIS. So, as demand outstrips a shrinking, limited supply the price is almost certain to climb.
Coming Later in 2022
Looking further ahead, a wide variety of additional value-added products and services are in the pipeline that will only be accessible by purchasing the RBIS token on an exchange. For example, we are in the process of developing our own crypto exchange.
As we can see, there are a number of factors influencing the RBIS price, and getting your timing right, when it comes to selling, will determine how lucrative your token investment proves to be.