Arbitrum was launched in August 2021 and had its first seed funding round in January 2021, raising $3.8 million, followed by a $20 million Series A funding round. Today, Arbitrum has become one of the hottest cryptocurrencies in the market, with a market capitalization of $2.07 billion.
On March 16, 2023, Arbitrum announced its highly anticipated “ARB” airdrop. The token was airdropped to its early users, accounting for 12.75% of the total supply. After the airdrop, the value of the ARB token dropped significantly.
On a positive note, the altcoin is striving to regain lost momentum. In the current market sentiment, will Arbitrum reclaim its strength in the market, or will it continue to trade in a bearish trend? Buckle up as we delve into possible price predictions for Arbitrum in 2024 and the coming years.
ARB Price Prediction for August 2024
With increased price volatility in the cryptocurrency market, the price of ARB saw a 2.47% pullback in the last day. Moreover, the ARB price has dropped by over 18.36% in the past 30 days, indicating strong selling pressure on the Arbitrum token in the crypto space.
Additionally, technical indicators such as the 50/200-day EMA and RSI are showing a negative price trend, suggesting weak bullish sentiment for the Arbitrum cryptocurrency.
If the market pushes the price of Arbitrum above the key resistance level of $0.7228, bulls will regain strength and may attempt to test its resistance trendline at $1.070 this month.
Conversely, if bears take control, the ARB token price could break its key support level of $0.3575 and fall to new lows.
ARB Price Prediction for 2024
Global recognition and adoption could help ARB’s price reach higher levels. If this occurs, the altcoin could rise to an annual high of $1.52.
If the token shows a negative price trend and trades in a bearish pattern, this could lead to the Arbitrum token falling to a low of $0.48.
Considering the current trend of bearish and bullish forces, the ARB price might settle at an average trading price of $1.00.
Arbitrum Price Prediction for 2025
Based on technical analysis, ARB’s price could reach a minimum of $1.22 and a maximum of $4.01 during 2025, with an average trading price of around $2.81.
ARB Price Prediction for 2026
According to forecasted prices and technical analysis, the price of Arbitrum could reach a minimum of $3.79, a maximum of $5.86, and an average trading price of around $4.82 in 2026.
Fundamental Analysis
Arbitrum’s security is derived from the Ethereum network, which provides consensus and finality for Arbitrum transactions. In other words, Ethereum guarantees the validity of Arbitrum transactions.
Arbitrum executes transactions on Rollups outside of Ethereum and bundles multiple transactions into one batch before submitting it to the mainnet.
However, there is a time interval after the rollup submission during which anyone can challenge the transaction by submitting fraud-proof evidence.
Are you also interested in learning about cryptocurrency and the key languages that support crypto traders? Here’s a guide to help you understand what cryptocurrency is!
What is Arbitrum?
Arbitrum is a layer-2 scaling solution for Ethereum. Its goal is to enhance Ethereum’s speed, scalability, and cost efficiency. Arbitrum leverages Ethereum’s security and compatibility. Another advantage is its higher throughput and lower fees compared to Ethereum. This is achieved by offloading most of the computation and storage load off-chain.
The developers of Arbitrum, Offchain Labs, have announced a transition to a decentralized autonomous organization (DAO) structure. ARB holders can vote on proposals that affect functionality, protocol upgrades, fund allocation, and electing the Security Council.
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