While there have been some recent positive signs of increased market momentum, we’re still quite far off from a crypto comeback.
So, what can you do in the meantime to not just minimize losses but actually make significant gains, as the bear market continues?
Don’t let your crypto just sit there
First of all, there’s no excuse for allowing your digital assets to sit idle. By placing your crypto in an interest-bearing wallet, you can make a profit simply and safely just for storing your capital, without having to lift a finger. Whether the market is tanking or taking off, the interest rate on your savings will remain steady so even in a bear market you can grow your crypto capital.
The highest rates being generated by a legitimate, authorized wallet right now are offered by ArbiSmart, an EU authorized interest-bearing wallet and financial services hub, fueled by the native token, RBIS.
The ArbiSmart wallet, launched early last month, supports over 20 FIAT and cryptocurrencies and provides a range of savings plans, while offering interest of up to 147% a year. Users can choose to keep funds accessible without earning interest. Alternatively, they can lock the money in short-term, one-month and three-month plans, or in long-term plans lasting two, three, or five years, with higher interest the longer the lock on the funds. The interest is paid out daily and it can be received to a separate, available balance, for withdrawal at any time, or it can be received into the locked savings balance, for a better interest rate.
Buy a coin that’s on track to take off
Another way to make a profit right now is to invest in a coin that is about to soar in value, and ArbiSmart (RBIS) checks this box too. Analysts have predicted that the RBIS token will rise to 48 times its current value by the end of 2022 and to as much as 90 times its current value by the end of Q1 2023.
One reason for this rosy forecast is the many incentives for purchasing RBIS that are driving demand. For example, wallet interest rates are based on the user’s account level, which is determined by the amount of RBIS they own. So, holding more RBIS means a higher profit on balances in EUR, BTC or any other supported currency.
At the higher account levels, wallet holders also earn compounding profits.
In addition, RBIS balances earn triple the interest of balances in any other currency. However, those who choose not to transfer their capital into RBIS can still increase their profits by opting to receive just the daily interest on their capital in the native token.
The wallet is a very recent addition to the ArbiSmart ecosystem, but as the user-base grows and more people lock RBIS in long-term savings, as demand rises, the finite circulating supply will diminish, and the price will go up.
Profit from multiple sources
If you are investing in the right coin, then it will offer a variety of ways for you to generate revenue.
Let’s look again at our ArbiSmart example. In the latter half of Q3 and in Q4, a number of additional RBIS utilities are about to be launched. These include a mobile application, a decentralized yield farming service generating up to 190,000% APY plus 0.3% of the fees from each trade, a collection of one-of-a-kind-digital artworks and an NFT marketplace. These will be closely followed, at the tail end of 2022, by a cryptocurrency exchange and a play-to-earn gaming metaverse.
To start with, since all these services require use of the RBIS token, with the introduction of each new utility, demand for RBIS will rise. This is before we consider the individual revenue streams created by each utility, from staking and gaming to trading non-fungible tokens.
As the token value rises, wallet holders will be benefiting from interest on their savings balance, as well as sizable capital gains on the rising token value. Also due to the interconnectivity of the ecosystem, an AribSmart user who buys an NFT can use it as an in-game item to boost their points in the metaverse, and increase their gaming profits, just as a yield farmer will earn higher interest in the wallet.
For all these reasons, the analyst projections of huge RBIS gains look increasingly likely to occur. Put your crypto to work instead of just letting it sit there losing value, as you wait for the bear market to end, and make the highest possible profit before the price explodes. Buy RBIS now!
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.