Arbitrum (ARB), a Layer 2 scaling solution for Ethereum, has seen ups and downs in the market, with numerous future price predictions still pointing a potential rebound by 2025 to hit $10. Several crypto price analyses have included ARB among various established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Despite confronting an all-time low, the
market cap of ARB has seen considerable growth. Notably,
Coinbase's Layer-2 Ethereum network has surpassed Arbitrum as the leading rollup by TVL. Despite
Arbitrum's declining token value, it surpassed Solana with respect to
active users.Several reports citing
cryptocurrency firm Prometheum's notion to consider Uniswap and Arbitrum's tokens as securities have stirred conversations. Attracting both attention and controversies, ARB still predicted to witness a bullish reversal, potentially retesting $1 in the future.
ARB Staking Proposal garnered green light from
Arbitrum DAO, a move aiming to enhance the token utility. Despite being perceived as the worst-performing Ethereum L2, Ethereum holders continue to opt for other altcoins over Arbitrum.
Furthermore,
Arbitrum faced a security breach on ARB chain, leading to an estimated loss of $6 million. However, ARB reclaimed the spotlight with an impressive transaction milestone. With liquidations mounting, ARB price formed new lows, nonetheless, a subsequent bounce at the 200-day support lifted up the ARB price. Token unlocks have been significant, especially the most recent $2.32B ARB token unlock that sparked significant whale movement.
Arbitrum has been actively focusing on expanding its ecosystem, partnering with platforms like Robinhood to offer swaps to users.
ARB Coin News Analytics from Mon, 07 Jun 2021 13:30:59 GMT to Tue, 17 Dec 2024 10:02:13 GMT -
Rating 3
- Innovation 2
- Information 4
- Rumor 0
