The increase in transactions #ARB; and a significant decrease in the price may be an ideal time to monopolize it.

Analytics firm, IntoTheBlock, has highlighted a significant rise in Arbitrum transactions since early March 2024. Daily transactions rose sharply, topping two million transactions yesterday, marking a significant increase from an average of around one million transactions earlier this month.

ARB transaction volume increases

This increase in transaction volume coincided with a sharp decline in the price of the Arbitrum token (ARB), which began on March 14, 2024, resulting in a price drop of more than 50%. Analysts suggest that the continued decline in prices since then may have fueled the high trading activity on the platform.

Given this data, investors and traders may take advantage and accumulate huge token numbers of ARB bonds, which are currently reflected in the transaction volume. Although the wage exchange rate is now trading at a crucial level, there may be a chance for the price to reverse from this level.#ARB/USDT.