$ARB

I was having tea with a friend this morning and he asked me if the ARB was up and running yet. Is there still a possibility of increasing the price by 20 to 50 times in the future?

ARB is a layer 1 public chain coin that many friends have always been very optimistic about. It rose to a peak near 2,425 on January 11 at the beginning of the year. Experienced 2 months of sideways fluctuations at the high level. The market began to fall completely on 3/12, and starting on 6/ the price of 19 coins suddenly fell to around 0.7333, the starting point of the rise.

Everyone is wondering why ARB fell so hard when the market is currently in a bull market for Bitcoin.

Why did it fall so hard?

First, the US dollar has not reduced interest rates and overall market liquidity has dried up. Funds are only paying attention to small currencies for a period. After entering the market, they will rise in a wave, and soon. escape from high level;

Second, the total number of tokens is large, the overall market value is relatively high, and the liquidity rate is low when connected, and a large number of chips continue to appear rapidly on the market. cannot handle input funds;

Third, after mid-March, the market fluctuated at a high level, but the overall market sentiment for most small currencies weakened and showed a downward trend.

In a for-profit market crash, it is normal for the price of the underlying asset to return to the initial point of the rise. In the rising market, the market is always biased towards greed to chase the maximum, and in the falling market. , there is always the fear of ending the fall. After all, none of the participants want to miss the opportunity and do not want to get trapped.

If you have more opinions on ARB, please feel free to discuss them together. Thank you.