Arbitrum Price Prediction: ARB Loses 12% - Does Layer 2 Solution Drive The Plunge?

Arbitrum Price Prediction: ARB Loses 12% – Does Layer 2 Solution Drive The Plunge?

Updated: 18 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Arbitrum’s Price increased in April but dropped to $0.9180 during the third quarter. It might not look great due to technical issues and could decrease a bit more before improving.

Even though ARB tried to rise, it went down again by about 13% in the past week. Unfortunately, this positive trend didn’t last. The coin was trading at around $1 on the latest day, falling more than 2%.

Bitcoin dropped to about $25,100 on the last day, and many other coins fell significantly. For ARB to recover, it must start rising again when the market is doing well. This indicates that sellers still have control over ARB.

ARB’s Daily Chart Analysis

Take a look at the daily chart. Right now, ARB is being traded for $1. In the last 24 hours, people have traded about 339.43 million of them, which has decreased by more than 2%. Over the past month, ARB has also fallen by 20%.

Source: TradingView Daily Chart ARB/USDT

Now is an excellent time to buy at a low price and earn when the market increases. If ARB can surpass $1.054, it might aim for $1.2809. To keep going strong, the price must stay above $1.054. Fewer traders bought ARBs in the previous session.

More people sold ARB, which suggests not many were buying positively. The RSI-14 around 40 means sellers are more active than buyers. This indicates the best time to buy and make more money is when the market is rising.

ARB stayed below the lines for the last 30 and 50 days. This shows that not many folks were interested in buying at that price, and the sellers had more influence over how things were going.

Protect your profits and avoid significant losses with a stop-loss order. Also, keep a close eye on the ARB market.

Arbitrum ARB Statistics:

ARB’s Price – $1
ARB Market cap – $1.27 Billion
ARB Circulating supply – 1,275,000,000 ARB
ARB Total supply – 10,000,000,000 ARB
ARB CoinMarketCap ranking – 37

Arbitrum’s Plan: Over $1 Billion in Tokens to Be Released Next Year

Arbitrum, a technology to improve Ethereum, will soon give out more than $1 billion worth of ARB tokens starting next March. This will happen over four years, and it’s all shown in data from Token Unlocks.

On March 16, they will start by releasing 1.11 billion ARB tokens worth about $1.24 billion at today’s price of $1.12 per token. This release represents about 87% of all the ARB tokens available now, which is 1.275 billion. As of now, more than 5 billion ARB tokens are still locked.

They’re doing this in stages. At first, they will release a certain number of tokens immediately, then release more regularly.

After March 16, Arbitrum will keep releasing some tokens every four weeks for four years, as said by Token Unlocks on Twitter.

When they release tokens, it means more people can use them, which can sometimes decrease the price of the tokens. A company called The Tie studied this and found that when more tokens are released than usual, the price can go down even more.

Alternative to Arbitrum (ARB)

The Wall Street Memes ($WSM) presale is almost an impressive $25.18 million. Investors are excited about it. It’s about to start and offers good rewards for staking, which makes $WSM seem like an excellent opportunity to earn money. With its fun meme style and strong community, $WSM could become a big deal in the crypto world.

You can get the Wall Street Memes token for $0.0334 in the presale. But in just 15 hours, the price will go up to $0.0337. This new $WSM token is good for the Wall Street Memes community and has excellent rewards, especially for those who like it. When the 29th stage of the presale ends, the token’s value will increase to $0.0337. This is all part of the plan to reach $30 million.

Traders and investors can buy the $WSM coin using a credit card or trade it for ETH, BNB, or USDT. Soon, when staking is added, people who have the tokens will get even more rewards. Staking lets you make money without doing much, attracting people who want to invest in crypto for a long time. This makes Wall Street Memes even more interesting for those wanting to join the financial world.

Can't do it pic.twitter.com/PzZhZ5i2C7

— Wall Street Memes (@wallstmemes) August 17, 2023

Wall Street Memes: Enter the $50,000 Token Contest

Currently, Wall Street Memes is having a contest where five lucky winners can get $50,000 worth of $WSM tokens. Just follow the Wall Street Memes Linktree page instructions to get your tokens. They only give these tokens to their community members, showing how much they value them.

The Wall Street Memes coin is designed to help small investors do well, like during the exciting meme stock times in 2021. In the presale, 50% of all tokens go to people in the presale, 30% are for rewarding the community, and 10% are for making it easy to buy and sell on different exchanges.

Investors have high hopes for this project for a few reasons. People believe that $WSM has excellent potential as a meme coin, and the team behind it seems knowledgeable. The project is also gaining popularity, and the way the function of the token looks promising too.

Smog (SMOG) - Meme Coin With Rewards

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