The Future of Arbitrum

There is a possibility of a significant increase in the price of ARB. Moreover, the token broke through the critical $1 level again. However, reaching the all-time high of $2.39 seen in March may be difficult.

Key Takeaways

• Continued accumulation of ARB may cause an increase in the price of the token.

• The increase in the number of new addresses indicates that ARB is more preferred by market participants.

• Whale purchases indicate confidence in the long-term performance of the token.

Although Arbitrum's potential is high, it may have difficulty reaching Polygon's current market value. As of press time, Arbitrum's market value was $2.72 billion, while Polygon's market value was $7.12 billion. For ARB to reach this level, its price must exceed $3.50, and in this case, MATIC will need to remain below $1.

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