Let’s face it, RobiniaSwap token hasn’t been one of the best performing assets out there in recent days; nevertheless, it is no doubt that the team has been working relentlessly to build this project to the best of their abilities.
After consolidating in prices below $0.2 RBS is starting to show strong signs of an upward trend.
RBS 1hr chart ~via tradingview
Despite the rest of crypto assets dropping in value following a long running and recurring price crash, RBS token price has persisted above its consolidation zone and have continued to progress past this level in a gradual uptrend.
RBS 24hrschart ~ via tradingview
Over the past 24hrs, there have been a number of big buys and relatively smaller sell offs. The token looks to be attracting more buys than sells currently.
This is probably due to the recent drop in distribution and the ongoing buyback and burn strategy.
The project team is also coming up with a number of other strategies to create more utility for the robinia token and drive more value.
With a number of developments coming up, this space will be exciting to watch.
Disclaimer: This is not a financial advice but a mere analysis of price action on the concerned token. Kindly do your own research before investing.
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