🤔 Why investors are interested in Arbitrum ($ARB ) 😋

Arbitrum is an L2 solution for Ethereum built on an optimistic rollup. The project has attracted $123.7 million in investments from Tier 1-2 funds. Golden for retro hunters, because in 2023, a reward of $700-1000 was distributed for 4 transactions on the network.

The ARB token now has a market cap of $3.7 billion (ATH $4.79 billion). It has grown by 68.52% in a month to $0.9023 (ATH $2.40).

📊 RSI 4H showed a possible correction, which has already happened and is close to completion. If it manages to consolidate in the ascending channel, then the next target for the coin is $1.06 and $1.25.

Analysts expect the rate to be $2.10, due to the great benefit of Arbitrum in the Ethereum ecosystem. The capitalization of $3.7 billion is too small for them, and the long-term target is $8.

Conclusion : One of the best L2 blockchains used by millions of people. Many people build portfolios and prefer #ARB over #OP .