Everything You Need to Know About The Popular Cryptocurrency: Arbitrum ($ARB)

Arbitrum, which has been talked about in the market for a long time, maintains its hot spot on the agenda with its stock market listings. Arbitrum, an Ethereum scaling solution, aims to increase speed, scalability and cost efficiency on Ethereum.

Arbitrum ($ARB) coin has received significant attention due to its launch with a large airdrop and being a fast, inexpensive blockchain. So, what are the important data you need to know about this cryptocurrency?

Arbitrum is a scaling solution for Ethereum and its goal is to increase speed, scalability and cost efficiency on Ethereum. It provides high security and compliance by using optimistic rollups. It also moves most of the computational and storage load off-chain, resulting in higher processing capacity and lower fees.

According to today’s data, Arbitrum has a market cap of $1,663,551,774 and a 24-hour trading volume of $1,169,178,949. Its fully diluted value is $13,047,464,896, with a circulating supply of 1,275 million and a total supply of 10,000,000,000.

The platform’s own token, $ARB, is used for governance. Arbitrum developers, Offchain Labs, announced that they are moving to a decentralized organizational structure called Arbitrum DAO. $ARB holders can vote on issues such as protocol upgrades, fund allocations, security council elections, and implementation of features.

Arbitrum Price Analysis

Cryptocurrency analyst Crypto Kemal made important statements about Arbitrum’s price expectation. Based on general user reviews and the total supply, the $ARB price is predicted to be between $0.1-0.3. However, it is stated that before the coin was launched, it was traded in the range of $0.8 – $1 over OTC and due to the great interest, it could easily find buyers over $1.

20% of the airdrops have been claimed yet. Based on the supply/demand relationship and user comments, $ARB is expected to experience serious selling pressure in the $1.8-2 range. Since $ARB, the Arbitrum token, has a high trading volume, support and resistance levels are indicated on the chart in short time frames. It is appropriate to use a close stop order for short-term buy-sell transactions in the 15-minute time frame.

$ARB coin continues to attract the attention of investors with its high trading volume and significant price expectations. The future performance of this popular cryptocurrency will depend on market conditions and users’ expectations.

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