STEEM Defi - Robinia is up 50% with an IFO scheduled for this week!

in robinia •  3 years ago 

Looks like the big move up is already starting for RBS and Robinia!

I've been posting about this for several weeks now and it looks like the run is starting to materialize.

The defi token of Robiniaswap, RBS is up 50% in the last week and showing no signs of slowing down.

Check it out:

image.png

(Source: https://pancakeswap.finance/swap?outputCurrency=0x50d809c74e0b8e49e7b4c65bb3109abe3ff4c1c1)

The reason for the price increase is due to several reasons...

The main reason for the price increase is because of a major IFO scheduled for this week.

These IFOs burn large amounts of RBS tokens all at once.

Given the thin trading and low market cap, it doesn't take much buying to push the price up.

People are starting to see what I have been seeing for weeks now and noticing that even with the current 50% gain, there is still a lot more to come.

They are burning more tokens than any defi project I have ever seen on a percentage basis and that is only going to continue through the IFO and beyond.

Even with this recent gain, the total market cap of RBS is only $400k.

Given what Robinia has going for it I think it could easy go up 5x-10x from the currently levels.

You can do the math to see what kind of token price that means for RBS...

You can purchase RBS directly or you can delegate your steem power to Robinia and earn via your delegation here:

https://robiniaswap.com/delegatefarm

As more people delegate to Robinia the higher the price of the token will go!

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Thank You for sharing Your insights...

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Nice post
Thank you for ur info