itx-sunny is happy to uncover all about the most interesting project for you. Let's get started to analyze ARB📶, my friends!
Arbitrum One is one of the newest L1 solutions based on EVM (the core programming code of the Ether network), but has been rapidly increasing in popularity since the major Airdrop in early 2023. At the moment, the ARB network is #1 among Ether rollups: both in terms of daily volumes and total assets on the blockchain🔎
Darth, but what accounts for this popularity? Is it backed by real technology❓
➡️Certainly the first major success brought the project a major Airdrop ($900+ per user) with over 10% of the initial investment raised. Everyone has heard of drophuners making hundreds of thousands of dollars for simply using the network before the token launch, right?
But the fundamentals🌐 of the project are not just limited to marketing&airdrop expenses - Arbitrum is also a leader🏆 in terms of transaction speed, and in terms of code security it is second only to #ETH, which has been refined to perfection. Behind the project - support from serious funds and listing on tier-1 exchanges Binance and Coinbase on the first day. Agree, a random project will not get such fast listings on ALL top exchanges at once.
Speaking of the🔎 chart on 3D TF, the picture is quite simple: the price has entered the support zone (Mitigation Block $0.763-$0.988), where the asset has been for the last few weeks. For a full-fledged reversal it is enough to update the minimum once again, further the big player🐋 will do everything by itself. Bullish divergence on BBP indicator and growth of volumes in pair to #ETH only confirm this✔️
Your Lord thinks it's a great decision to buy #ARB specifically into a long-term spot portfolio with targets of $1.25 (EMA30 breakout and Higher High formation) and $1.45-$1.5 (liquidity pool and bearish Orderblock test). Remember friends, EVM-based solutions are the most promising altcoins for 2024-2025! 💡
