It’s impossible to deny that so far it has been a crazy year for digital currency markets. The winners and losers of crypto have kept changing places at lightning speed. Historically best performing cryptos like Bitcoin and Ethereum hit record highs in April before suddenly falling back to rock bottom prices, although they still lead the pack in terms of market capitalization. In the race to be the best crypto of 2021, there are also major stablecoins such as Tether (USDT), meme cryptos such as the famous Dogecoin (DOGE) which started out as a joke and now has a market cap of over $ 44 billion, as well as popular utility coins like Binance Coin (BNB) and Cardano (ADA).
However, it is also worth considering those coins which have slowly but steadily gained ground, quietly growing their community and increasing in value, even though they have yet to reach the top. These are, in fact, the coins that offer the most exciting opportunities for 2021.
What determines which is the best crypto?
On this question, opinions differ. Should we stick to statistics and just consider the best cryptos to be the ones with the highest market capitalization, or should we measure performance in terms of year-over-year growth? Perhaps the best crypto of the year should be decided based on the nature of the utility and whether the coin is supporting a truly innovative project that will impact blockchain technologies or the adoption of large crypto. audience in the future.
Without a doubt, all of these criteria are important and they must all be taken into account. But there is yet another, as we are now in the middle of the year. Is the coin still growing and having enough to reach the end of 2021 and into 2022?
Based on this, one candidate stands out from the crowd – the RBIS, the native token of ArbiSmart, an automated crypto-arbitrage platform. RBIS was launched just two years ago and since then it has followed a steady upward trajectory. It has already risen 450%, and analysts predict it will reach 40 times its current value by 2023.
Why is the RBIS one of the best performers of 2021?
There are a number of reasons for these positive projections. Let’s take a look at them one by one.
1. A safe haven from volatility
ArbiSmart offers crypto arbitrage, which means it generates profits from temporary price differentials between exchanges. This is how it works:
The automated system is connected to thirty-five exchanges that it monitors 24 hours a day. When the algorithm finds a cryptocurrency available at different prices at the same time, it automatically buys the coin where the price is lowest and then, in a fraction of a second, makes a profit by reselling the coin on the exchange. where it is at the highest price.
As a user, all you need to do is deposit funds in fiat or crypto into your account. The rest is done by the algorithm that will convert your money into RBIS and use it for crypto arbitrage.
A sudden fall in the market will not impact the platform’s ability to generate steady and secure gains from price spreads. This makes ArbiSmart an excellent safe haven in the bear market. In fact, following the recent crypto slump, many investors have turned to ArbiSmart to limit their loss, prevent their crypto from losing more value and earn regular monthly income. No wonder, then, that ArbiSmart grew by 150% in 2020.
2. Attractive monthly earnings
Monthly and annual winnings depend on the account level, which is set by the amount of your starting bet. Passive income ranges from 10.8% to 45% per year and you can also receive compound interest on those earnings.
Additionally, users who choose to lock in their fund for a predetermined period can increase their payout. Those with the highest account level can thus receive up to 1% per day.
Finally, the increasing value of the RBIS token makes it possible to generate gains. Its price has already more than quadrupled since its introduction in 2019.
3. New features and improvements
One of the reasons RBIS is able to maintain such success is due to its developments. Many improvements to its system architecture are underway, and new token features will be added in 2021 such as an ArbiSmart paid wallet and paid crypto and fiat savings accounts.
4. A solid safety history
ArbiSmart has a clean history of fraud or attack and is licensed. This allows them to offer a variety of crypto services like exchanging crypto for crypto or fiat currency as well as digital wallet services. Framed by European regulatory directives, ArbiSmart maintains a functional and secure platform and provides a high level of security to its customers.
5. Upcoming listing on exchanges
In the last quarter of 2021, the RBIS token will be listed which will boost its price.People who want to use the services of the ArbiSmart platform will have to buy the token on an exchange.
What will be the success factors for RBIS in 2022?
The future looks bright for RBIS in particular thanks to the tireless work of the developer team. For example, in 2022, new features will be launched including a mobile application, a yield farming program and a crypto credit card. It should also be noted that the popularity of the ArbiSmart platform continues to increase while the number of tokens is limited to 450 million.
Without a doubt, the RBIS token is one to watch closely and is one of the most valuable corners in 2021. The developers continue to improve the project as the community grows exceptionally at the same time. This popularity is no surprise. Indeed, ArbiSmart offers significant gains and represents a refuge against falling prices in a market characterized by its high volatility.
To get started in the game while the price is still affordable, buy RBIS today!
New Survey Shows Australian’s Love for Crypto is Fueled by These Noble Drives
Australians appear to be more knowledgeable in their investment strategies as many are beginning to buy into cryptocurrencies for the right reasons. As highlighted in a recent survey conducted by BTC Markets, it was shown that acquiring digital assets was not a function of ideas to get rich quickly, rather, investors who are purchasing digital currencies are doing so to build wealth, and for retirement purposes amongst others.
Per the survey, 70% of the respondents to the survey said their sole aim of embracing crypto is to build wealth. This is a possible scenario seeing the high rate of growth of established coins compared to traditional investment assets. 34% of respondents buy-in to crypto so they can fall back on the gains when they retire, with some 28% affirming their aim to be portfolio diversification.
Cryptocurrencies have matured when compared to the level it was in the past decade. Today, institutional investors, as well as retail buyers, are all bullish on Bitcoin (BTC), Ethereum (ETH), and other altcoins with unique fundamentals.
“The motivations for investing in cryptocurrency are many and varied. A majority of respondents to our survey, 70 per cent, say they are looking to build wealth. A significant percentage, 34 per cent, say that one of their goals for investing in cryptocurrency is to retire early.”
The reasons for acquiring crypto also span such needs as paying down for debts (at 12%), and in starting a business claimed by 4% of the respondents.
Diversity in Investor’s Portfolio
The investors who responded to the BTC Markets survey show diversity in their investment portfolios. This trend shows that despite the rising popularity of crypto assets, the bulk of investors are not in it for the frenzy attached to meme-tokens.
Of the total respondents, as much as 63% said they have investments in stocks or shares, 29% have injected capital in investment properties, while 20% said they have funds in precious metals including Silver and Gold. Of the profiled investors, only 20% said they hold only cryptocurrencies.
Drawing on this diversity, the report reads;
“This spread of investments across a wide range of asset classes consolidates the view that a large majority of investors are not using cryptocurrency as a “get rich quick” investment. Instead, it is as part of a carefully considered asset allocation strategy for an overall wealth portfolio”
What changes in the cryptocurrency market with China’s new rules
The Chinese government started a new wave of repression of cryptocurrencies in the country, continuing the bans it has already imposed on the sector in the past, in 2013, 2017 and May 2021.
The People’s Bank of China, together with the country’s main financial regulators, released on Friday (24) a document called “Notice on the Prevention and Elimination of Risks in Virtual Currency Transactions” in which it announces the tightening of measures to repress negotiations of Bitcoin and other cryptocurrencies in the Asian country.
The point that draws the most attention in the document is a new understanding that any person or company that facilitates the negotiation of bitcoin and other cryptocurrencies in the country is breaking the law.
The text states that “the provision of services to foreign exchanges to Chinese residents over the internet is an illegal financial activity” and those who engage in this activity will be investigated in accordance with the law.
The Central Bank has explicitly said that cryptocurrencies such as Bitcoin, Ethereum (ETH) and Tether (USDT) “are not legal, should not and cannot be used as currency in the market”, stating that all “commercial activity related to virtual currency is illegal” .
The agency once again reinforced a request it had already made in June for the country’s financial institutions to help fight cryptocurrencies, preventing their clients from making transactions to foreign exchanges and over-the-counter (OTC) markets.
China attributed the tightening of measures to the rise in the popularity of cryptocurrencies in the country, which “seriously endangers the security of people’s property” and “grows criminal activities such as gambling, illegal fundraising, fraud, pyramid schemes and money laundering”.
At this pace, the document indicates that ordinary people who lose money in investing in cryptocurrencies will no longer be protected by law.
Keeping an eye on exchanges
Chinese journalist Colin Wu, one of the biggest references in the coverage of the cryptocurrency market in the country, told the Bitcoin Portal that it is still difficult to see in practice what changes in the cryptocurrency market with the new wave of repression in China.
“We have to wait, it’s hard to say now. The expectation is to find out how big exchanges like Huobi and OKEx will tackle this, as they still operate OTC tables here. They have a strong government relationship and will make a rational choice”, he explained.
He pointed out that it is already possible to identify that most Chinese companies operating in the cryptoactive sector are looking for friendlier jurisdictions to base their operations on, such as Singapore.
“Singapore is open and tolerant of cryptocurrencies, not just Chinese companies, but many international companies in the area are also moving there, such as 3ac,” explained Wu. “Another reason is that Singapore’s culture is similar to China.”
The government’s hardening has already been able to scare some market participants. The world’s largest Ethereum mining pool, the Spark Pool, announced today that it will no longer provide its services to users in mainland China as a way of “complying with the latest industry regulatory policies.”
Second Wu, the popular NBMiner mining software also confirmed that it will no longer offer technical support services to Chinese customers.
Attack on miners intensifies
At the same time as the Central Bank issued the new restrictions, China’s state planning body, the NDRC, also issued a “Virtual Currency Mining Rectification Notice” that focuses on combating mining.
The text orders electricity providers to stop serving miners through hotlines and increase the cost of energy to $0.05 per kilowatt-hour for identified miners.
The NDRC also urges local authorities to increase the search for illegal mining farms and generally crack down on activities in their territories as a way of phasing out the industry.
According to Colin Wu, larger miners are likely to continue the trend started during the May crackdowns and leave China to operate in other countries such as the United States.
“Meanwhile, small miners must find some factories to mine secretly. If they cannot find a safe place, they will probably have to sell their machines,” he told the report.
Bitcoin remains resilient in the long run
Bitcoin prices were not immune to this Friday’s negative news coming out of China. According to CoinMarketCap, the currency has devalued 3.6% in the last 24 hours, trading at US$42,220.
Although it is already common for the price of bitcoin to react negatively to the Chinese government’s statements, the drop tends to be a passing event, with the cryptoactive being able to recoup its losses in the long run.
According to data from Kraken disclosed by analyst Pete Humiston, bitcoin typically appreciates an average of 53% about 90 days after the FUD news — fear, uncertainty and doubt — departs from China.
Netflix Eyes Mysterious Disappearance of $190,000,000 After Death of Crypto Exchange CEO
One of the biggest mysteries in the cryptocurrency sector is getting fresh scrutiny in a Netflix documentary.
The online video streaming giant says in a tweet that it will air an investigative documentary titled “Trust No One: The Hunt for the Crypto King”.
The documentary focuses on Gerald Cotten, the founder and CEO of QuadrigaCX, Canada’s biggest cryptocurrency exchange until two years ago.
Cotten, a Canadian, died in December of 2018 while on a honeymoon in India, but his death went unannounced until January 2019.
The QuadrigaCX CEO was allegedly the only one with the private keys required to access the crypto assets in the exchange’s custody, believed to be worth $145 million (C $190 million) at the time of his death.
Netflix says the documentary will air starting next year.
“TRUST NO ONE: THE HUNT FOR THE CRYPTO KING
Follow a group of investors turned sleuths as they try to unlock the suspicious death of cryptocurrency multimillionaire Gerry Cotten and the missing $250 million they believe he stole from them. Premieres in 2022″
Cotten’s sudden death in a foreign land and the disappearance of millions of dollars worth of crypto assets led to conspiracy theories that included suspicions that Cotten might have faked his death.
A report by Canadian Broadcasting Corporation in May quoted Cotten’s widow denying the theory, saying through her lawyer that “she was with Mr. Cotten at the time of his death and he is most certainly dead.”
QuadrigaCX entered bankruptcy proceedings soon after Cotten’s death, and by May, the amount recovered to pay the roughly 76,000 creditors totaled $36,357,894 (C $46 million).
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