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Personally, I’ve been doing a couple of small-scale farming on RobiniaSwap since it launched. To be frank, it hasn’t been all shades of profit since the price has been mostly going downwards. It’s fair to say that RBS miners aren’t really good at holding their tokens.
RBS hasn’t really done so well when it comes to price. Despite a smooth launch, stable platform and responsive team, price has gone from about 30$ at launch to well under 0.20$ currently.
Taking a look at the 7 days chart, RBS steep fall steams from its inability to respond positively to huge sell offs by big holders. Negative Whale action is the major reason for the decline in price. Every new farming project usually suffers this as farmers who manage to farm a good amount of a new token using their already existing tokens (such as BUSD, BNB…) are always quick to sell the new tokens off.
RBS high sell pressure is also thanks to the big emission at the start of the farming program with 5RBS distributed amongst buyers per block.
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7 days RBS chart
Zooming into the charts, RBS might have just hit a nice entry point for investors as price has remained relatively stable around 0.2$ – 0.15$, only little sells countered with relatively equal buys.
Judging from the charts, the sell pressure for RBS has reached an all time low, this coincides with pending development announcements from the team as well as plans for an increased token burn. The team announced burn of 15000 RBS recently, this figure is expected to increase.
Things looks set to go green for RobiniaSwap token, however, endeavour to do your own research as things could still go either way.
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