Tai Bui’s Pi Node farm in Hoai Nhon district, Binh Dinh Province, Vietnam currently has 250 PCs running continuously, generating over 3,000 Pi every day, according to the local newspaper Vnexpress.

The Pi Node farm was built since November 2020, initially with only four computers of Tai and his relatives, along with 10 computers operated and taken care of by friends. Currently, the total number of operating Nodes is over 250.

“People did not have sufficient qualifications and experience to operate, did not have time to take care, and the electricity and network sources were not stable, so they assigned me to take charge”, Tai said.

Pi Node is software that runs on a computer with the role of creating and storing Pi. Unlike smartphone applications that play the role of registering, logging in, recovering accounts, and “checking in” to receive Pi, Pi Node is responsible for verifying transactions in the Pi Network system.

On online forums, many people said they have invested thousands of dollars to run Pi network nodes, even though this cryptocurrency has no value and cryptocurrency transactions are not yet allowed in Vietnam.

The PC system operates on an individual basis, with each Pi account running on one node and using a dedicated network line. Tai Bui subscribed to an internet package with a minimum speed of 80 Mb/s and a minimum international bandwidth of 2 Mb/s. The cost for electricity each month is over $3,000, and the internet bill is $3,500.

Two technical employees take care of and maintain the equipment, and three online support staff are paid based on their working hours. The machines are kept in a cold room, with a temperature maintained between 20-23 degrees Celsius, so the failure rate is quite low.

The PCs are equipped with two powerful configurations. One version uses a Xeon E5 2686 v4 CPU with 18 cores and 36 threads, 32GB of RAM, a 500GB SSD, and a Gigabyte N210 graphics card. The higher-end version uses two Xeon E5 2686 v4 CPUs and 64GB of RAM. With an average price of 25 million Vietnamese dong per machine, this Pi Node farm is worth over $250,000.

The steel support system is designed to have extra capacity to accommodate new machines, supporting up to around 500 Nodes.

Mr. Tai said that with a locking mechanism of 90-100% over 3 years, the entire Node will generate about 3,000 Pi per day. He predicts that this number will decrease significantly if the Pi Network team makes adjustments in the near future.

Pi Network appeared in 2019 and gained popularity in Vietnam in early 2021. According to statistics from Pi-blockchain, Vietnam is one of the three countries with the largest number of Pi Nodes in the world, with over 14,000. South Korea is in the lead with 23,000, followed by China with 18,000. However, this cryptocurrency has been repeatedly warned by experts about the lack of transparency and the potential for user information collection. After nearly four years, Pi still has no value, and the status of the project is still “closed mainnet”. In addition, trading in this type of cryptocurrency is not allowed and is a violation of Vietnamese law.

#PiNetwork #PI #crypto2023 #azcoinnews #Vietnam

This article was republished from azcoinnews.com

Bitcoin has been a hot topic in the financial world since its inception in 2009, with many narratives attached to it. One of the emerging narratives since the onset of the COVID-19 pandemic is that Bitcoin can be used as a global liquidity indicator, especially in terms of the expansion or contraction of balance sheets.

According to a recent report by a leading financial research firm, the net liquidity indicator that they covered in their previous insights has grown year-to-date (YTD). The report also highlights that Bitcoin has been highly correlated with this indicator for the past year.

The net liquidity indicator is calculated as the difference between the Federal Reserve balance sheet and the sum of the Treasury General Account (TGA) and Reverse Repurchase Agreements (Rev Repo). Essentially, it is a measure of the amount of cash that is available in the economy.

The report further states that the balance sheet of the four largest central banks in the world (Japan, Europe, China, and the US) has increased from $25.6 trillion to $26 trillion this year. This growth in balance sheets is despite the efforts of the European Central Bank (ECB) and the Federal Reserve to tighten monetary policy.

However, the report warns that dwindling order book depth in the crypto markets raises liquidity concerns. This could potentially lead to sharp price movements in either direction. If there is not enough liquidity in the market, it could result in violent price swings, which would be detrimental to investors.

It is worth noting that Bitcoin has gained a reputation as a hedge against inflation, and many investors have turned to it as a store of value during times of economic uncertainty. However, the recent correlation between Bitcoin and the net liquidity indicator suggests that it could also be used as a measure of liquidity in the global economy.

In conclusion, the recent report sheds light on the growing narrative that Bitcoin can be used as a global liquidity indicator. While the balance sheet growth of China and Japan offsets the efforts of the ECB and the Federal Reserve to tighten monetary policy, the dwindling order book depth in the crypto markets raises concerns about liquidity. As always, investors need to exercise caution and carefully consider their investment decisions, particularly in the volatile world of cryptocurrencies.

#Bitcoin #BTC #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

An NFT collector’s mistake resulted in the accidental destruction of a valuable CryptoPunks NFT worth 77 ETH (worth $135,143), which has sent shockwaves through the crypto community.

Brandon Riley, an experienced investor and NFT collector, had purchased CryptoPunk #685 with borrowed money and intended to hold it for the long term.

@azcoinnews

Riley had hoped to use the CryptoPunk NFT to borrow some money against it to buy another NFT, a popular technique known as wrapping. While going through the unfamiliar process of wrapping NFTs, he accidentally sent the asset to a burn address, which permanently deleted the NFT from circulation.

The incident has sparked discussions on the need to improve front-end processes for crypto ecosystems and the importance of caution when dealing with digital assets. While NFTs have been gaining popularity in the art and gaming industries, the irreversible nature of digital assets underscores the risks involved in the market.

Members of Crypto Twitter have expressed sympathy for Riley’s loss and called for better education and resources for investors navigating the complex world of cryptocurrencies and digital assets. The incident serves as a reminder of the importance of diligence and attention to detail when dealing with digital assets.

Trading history of CryptoPunk $#685. Source: dappradar.com

Riley himself has been candid about the incident and took to Twitter to share his experience with others. “I just shouldn’t have attempted this on my own, I guess,” he admitted. “I was not wrapping this punk to sell it on Blur. It was to be my ‘forever punk.’ The number is the exact reverse of my ape. I was only wrapping it because I needed to borrow some liquidity from it.”

Riley’s story has also reignited discussions around the potential risks of borrowing against NFTs, with some members of the crypto community warning against the practice. Despite the risks involved, borrowing against NFTs remains a popular strategy for some investors looking to leverage their holdings for short-term gains.

Ultimately, the incident serves as a cautionary tale for investors and collectors alike, highlighting the need for greater education and resources to help navigate the complex world of digital assets. As the popularity of NFTs continues to grow, it is essential that investors take the time to understand the risks involved and take precautions to protect their investments.

#CryptoPunks #NFT #NFTburn #azcoinnews #Cryptopunk685

This article was republished from azcoinnews.com

Elon Musk, the CEO of Tesla and SpaceX, has once again criticized the US financial authorities, this time for their handling of the recent banking crisis.

In a comment on Bill Ackman’s tweet, Musk expressed his disappointment with the measures taken by the authorities, describing the system of money as an “inefficient” database for allocating resources.

The crisis was triggered by a bank run on the SVB bank, which led to the financial authorities promising a withdrawal guarantee for all deposits, immediately eliminating the statutory $250,000 deposit guarantee limit. However, even with unlimited deposit protection, the bank run did not calm down, prompting the US authorities to issue a prescription for SIBs to deposit their funds in problematic local banks.

Ackman argued that “unrestricted deposit protection is declared or the local bank collapses.” But Musk criticized the system of money as a “set of heterogeneous resource allocation databases” that are inefficient in allocating resources. According to Musk, money is just information, a database that stores various exchange processes necessary for economic activities.

Musk also used the word ‘heterogeneous’ to describe the existing currency and monetary system issued by the central bank, stating that it is not uniform and complex, which distorts the allocation of resources. The result is periodic financial crises, asset bubbles, and collapses.

Musk has been an avid supporter of Dogecoin and has been expected to equip Twitter, which he acquired, with a cryptocurrency-based payment system. In 2021, Musk caused a stir in the cryptocurrency market when he bought Bitcoin with Tesla’s own funds.

In conclusion, Musk’s comments on the inefficiency of the current monetary and financial system are not new. He has always believed that money is just information, and the current system is not efficient in allocating resources. His criticisms of the US financial authorities’ measures against the recent banking crisis highlight the need for a new, more efficient system that can better serve the needs of the economy.

#ElonMusk #Musk #bankruptcy #azcoinnews #crypto2023

This article was republished from azcoinnews.com

Binance has announced that users participating in ETH 2.0 Staking will soon be able to redeem their BETH holdings for ETH on a 1:1 basis. The redemption will be available from 2023-04-19 08:00 (UTC) on the ETH 2.0 Staking page.

While the redemption process is a welcome move for Binance users, the exchange has cautioned that users cannot cancel their ETH withdrawal requests after submission. Additionally, it may take anywhere from 15 days to several weeks before users’ ETH withdrawal requests are fully processed due to the overall amount of ETH withdrawals requested by participants, as well as the Ethereum network’s processing limitations.

Binance has set a daily ETH redemption quota for each user due to processing limitations on the Ethereum network, and the daily quota is subject to change. The expected distribution date of redeemed ETH will be shown before users confirm their withdrawal requests, and users can refer to the most updated ETH distribution date at Staking History.

It’s important to note that the BETH tokens locked in pending ETH withdrawal requests will not generate any ETH 2.0 Staking rewards. Binance is also offering a promotion that allows users to sell BETH on the spot market and enjoy zero maker fees on the BETH/ETH and BETH/USDT spot trading pairs. The promotion will run until 2023-05-10 12:00 (UTC).

Binance’s announcement comes as ETH 2.0 Staking continues to gain popularity among cryptocurrency users. ETH 2.0 is the next generation of Ethereum, with a focus on improving scalability, security, and sustainability. Staking involves holding a certain amount of ETH as a validator on the Ethereum network, allowing users to earn rewards for helping to secure the network. Users can continue to participate in ETH 2.0 Staking at any time and earn BETH rewards.

#Binance #ETH #beth #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

In the fast-paced world of NFTs, there’s always a new top collection that’s making waves in the market. According to Nansen data, the top collection flipped in the past 7 days is Nakamigos. The collection has seen over 6,000 sellers collectively earning 1,697 ETH, which amounts to roughly $3 million.

Although the floor price of Nakamigos has dropped from 0.8+ ETH to 0.62 ETH, holders who purchased at or below the all-time average of 0.188 ETH are still profitable. This news comes as a welcome relief for those who invested early in Nakamigos, as they are now seeing returns on their investment.

@azcoinnews

The Nakamigos top balance changes in the last 24 hours are mostly sellers, indicating that many people are taking advantage of the recent surge in the market to cash out on their investment. The profit leaderboard shows the names of the top sellers, with some earning as much as 259 ETH ($471,000) from the sale of their Nakamigos NFTs.

The question now is, are these sellers lucky, smart, or both? It’s hard to say for sure, but it’s clear that those who invested early in Nakamigos and held onto their NFTs are now reaping the rewards of their patience. The NFT market is notoriously volatile, and it’s not uncommon for a collection to rise and fall in value within a matter of days. However, Nakamigos seems to be holding strong, and it will be interesting to see where it goes from here.

#Nakamigos #NFT #nftcommunity #Nansen #azcoinnews

This article was republished from azcoinnews.com

The financial market is experiencing one of its biggest crises since 2008, with five banks collapsing in just two weeks. Fed Chairman Jerome Powell, whose responsibility is to catch prices, stabilize employment, and maintain financial stability, is now one of the busiest people in the world.

Chairman Powell has two options to address the crisis. Some on Wall Street are calling for interest rate freezes or cuts, but such moves could create further anxiety in the market. Instead, a 25 basis point increase seems to be the best option.

However, Chairman Powell will face tough questions from reporters at the press conference, who will undoubtedly ask about the banking crisis. How he responds will be closely watched by the market.

If he takes a “pigeonish” approach and reassures the market that the Fed will solve the problem, the market is likely to rally in relief. But if he takes a more hawkish stance, the market may tilt its head and become uncertain about the long-term effects of money printing.

Whatever Chairman Powell decides on March 22 at 2 pm (ET), there will be huge money movements in the market. Bitcoin, which was created as a currency that could not be swayed by anyone’s words, may be particularly affected.

Governor Lee Chang-yong of the Bank of Korea has already expressed his concerns about virtual assets, stating that they are causing him trouble. The collapse of the five banks is a reminder that financial stability is a fragile thing, and the decisions made by central bankers can have far-reaching consequences.

#Fed #FederalReserve #Federal #azcoinnews #crypto2023

This article was republished from azcoinnews.com

The cryptocurrency market has been making headlines lately, with the total market capitalization exceeding $1 trillion in the first quarter of this year. However, despite this positive trend, one popular cryptocurrency seems to have lagged behind in terms of returns.

According to CoinMarketCap data on March 31st, Dogecoin’s first quarter return was only 8.0%, which is a stark contrast to Bitcoin’s return, which is close to 70%. This performance was somewhat unexpected given the tremendous volatility that Dogecoin has shown in the past.

@azcoinnews

Despite its lackluster performance in the first quarter, Dogecoin still maintains a loyal following. In fact, more than 54% of all Dogecoin holding addresses are currently profitable, and only 41% are losing money.

This suggests that over the past three months, addresses that have stuck with their Dogecoin holdings despite market uncertainty have mostly been rewarded. Additionally, Dogecoin continues to perform well compared to other competing memcoins such as Shibainu (SHIB), which may explain why investors still trust it.

Dogecoin’s lack of substantial gains in the first quarter may raise concerns among some investors, but it’s important to remember that the cryptocurrency market is notoriously volatile. It’s also worth noting that Dogecoin has seen tremendous growth in the past, so it’s possible that it may see similar gains in the future.

In conclusion, while Dogecoin’s first quarter returns may not have been as impressive as Bitcoin’s, it still maintains a loyal following and shows promise for the future. As always, investors should approach the cryptocurrency market with caution and do their own research before making any investment decisions.

#DOGE #Dogecoin #Musk #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

Binance has officially launched Binance Bicasso, an AI NFT generator that enables users to create unique artwork with images or text and mint their creations as NFTs on the Binance Chain.

Binance Bicasso will be available from March 29, 2023, at 12:00 (UTC) to March 30, 2023, at 00:00 (UTC). Eligible users can mint one NFT each with Binance Bicasso on a first-come, first-served basis during this time. It’s important to note that only 100,000 NFTs are available for this iteration. More NFT minting events with Binance Bicasso will be announced in the future.

@azcoinnews

Binance has also introduced the “Exclusive Bicasso” NFT Collection to celebrate the global launch of Binance Bicasso. To qualify for an “Exclusive Bicasso” NFT, users can invite their friends to sign up with Binance from March 27, 2023, at 12:00 (UTC) to March 29, 2023, at 01:00 (UTC) and receive one participation ticket per successful referral.

All participation tickets will enter a pool, where each ticket has a fair chance of being selected. The system will then select tickets from all committed participation tickets in a fair and square manner, where a selected ticket allows the user to receive one of the 500 NFTs available in this NFT collection.

Binance users can visit the Binance Bicasso page and click “Invite” to share their unique referral link with their friends during the Promotion Period. To withdraw NFTs minted with Binance Bicasso, users must complete account verification. Users can find their NFTs via Binance NFT Marketplace > My NFTs > Collected.

“Exclusive Bicasso” NFT holders will be guaranteed one free minting opportunity at Binance Bicasso’s inaugural global NFT minting event from March 29, 2023, at 12:00 (UTC) to March 30, 2023, at 00:00 (UTC). Additionally, “Exclusive Bicasso” NFT holders will be granted the opportunity to participate in the beta testing for Binance products, enjoying early access to new products and upcoming features on Binance.

However, the NFTs from the “Exclusive Bicasso” NFT Collection are non-tradable and non-withdrawable. Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during this Promotion, including bulk-account registrations to farm additional rewards and any other activity in connection with unlawful, fraudulent, or harmful purposes.

Overall, Binance Bicasso presents a unique opportunity for users to create and mint NFTs on the Binance Chain, with additional incentives provided through the “Exclusive Bicasso” NFT Collection. Stay tuned for more updates and announcements from Binance regarding Binance Bicasso.

#bicasso #Binance #crypto2023 #NFT #azcoinnews

This article was republished from azcoinnews.com

In the world of cryptocurrency, a flurry of activity has been detected on Twitter as multiple crypto projects have posted the same image and message about an event happening on March 24th.

The tweet contains a rectangular image with the date of March 24th inscribed vertically, indicating that some important event is scheduled to take place on that day.

Liquity Protocol, the developer of the stablecoin LUSD, was the first project to tweet this content at 4 PM on March 23rd (UTC). Shortly after, a slew of crypto projects followed such as Rocket Pool, SushiSwap, SyncSwap, Argent, and many more.

Many members of the crypto community believe that this event is related to zkSync, a layer 2 scaling solution built on Ethereum using zk Rollup technology. Several projects have tweeted about zkSync, such as Argent, SyncSwap, SpaceFi, and Orbiter.

Twitter: @azcoinnews

The @mingoairdrop account even suggests that the zkSync Era will launch its mainnet this week, which has many people excited about the possibility of another layer 2 project to airdrop for users after Arbitrum.

As reported by AZCoin News, Arbitrum recently airdropped tokens to users on March 23rd at 11 AM (UTC). The ARB token is currently trading at around $1.35 with a market capitalization of $1.7 billion, according to CoinMarketCap.

The simultaneous posting of the same image and message by multiple crypto projects on Twitter is not a new phenomenon. In February, major decentralized finance (DeFi) projects posted a picture of their arms crossed with the word “Monday” inscribed below, indicating that a big event was scheduled for that day. They later announced a collaborative campaign to spread awareness about the nature of the industry.

With the crypto world constantly evolving, it remains to be seen what this event on March 24th will bring. Nonetheless, the Twitter activity and speculation surrounding it have certainly stirred up the community’s curiosity and excitement.

#Twitter #ARBITRUM #sushiswap #azcoinnews #azcoin

This article was republished from azcoinnews.com

As the world of cryptocurrency continues to evolve and gain more mainstream attention, investors are always on the lookout for any insights that can help them make informed decisions. Recently, there has been a lot of buzz around the Miner Position Index (MPI) and its impact on Bitcoin’s price future.

According to data by CryptoQuant, the MPI’s 30-day moving average (MA) has returned to positive territory after a while. This is an encouraging sign for Bitcoin investors, as it suggests that miners are no longer selling their Bitcoin holdings en masse, which could lead to a price increase.

@azcoinnews

The MPI is a metric that tracks the overall sentiment of Bitcoin miners. It is calculated by taking the ratio of the total BTC leaving all miner wallets to the BTC leaving only the miner wallets. When the MPI is low, it means that miners are holding onto their BTC, while a high MPI indicates that they are selling.

Looking back in time, it’s evident that when the MPI (30-day MA) reaches a significant peak in the positive range, the price also experiences a substantial increase. This suggests that the selling of Bitcoin by miners is transferred to new Bitcoin buyers, leading to a price increase.

However, since it’s a 30-day moving average, there is some lag. This means that investors need to pay special attention to the movement of this indicator for about 30 days from now. If the MPI remains positive, it could indicate that Bitcoin’s price is likely to continue to rise. Conversely, if the MPI starts to decline, it could be a warning sign that the price may soon drop.

Overall, the return of the MPI’s 30-day moving average to positive territory is a positive development for Bitcoin investors. While there is still some uncertainty in the market, this metric can provide some valuable insights that can help investors make informed decisions.

#bitcoin #BTC #mining #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

In a surprising move, Elon Musk’s media social platform, Twitter, has replaced its 15-year-old logo with that of Dogecoin, causing a stir in the crypto world. The change had an immediate impact on the market, with Dogecoin surging by 33% out of the blue and temporarily decoupling from the rest of the crypto market.

While the move was expected to be part of Musk’s ongoing effort to gain attention, make people laugh and possibly earn some money, the sudden surge in Dogecoin’s price did not go unnoticed by traders and investors. According to Santiment, the surge was accompanied by various top signals that indicated major players taking heavy profit or getting out of the asset entirely.

Source: Santiment

The surge in price also triggered a spike in discussion rates for Dogecoin, with its market capitalization ranking 8th largest among cryptocurrencies. However, as the initial excitement subsided, the price of Dogecoin corrected back -9% from its peak. This correction, along with various indicators, suggests that a local top is forming, and taking profits might be a wise decision.

Active Addresses & Circulation

Trading Volume and Transaction Volume

Whale Transactions ($100k+)

Looking at the average trading returns, the 30-day MVRV for Dogecoin is sitting at +11%, which is still lower than the danger zone of +20% or more. Thus, there could still be some cushion for prices to rise further, even after Elon-induced price surge.

Santiment’s analysis also divides Dogecoin addresses into four different key sizes: Fish (0-10 DOGE): Blue line. Dolphins (10-10K DOGE): Yellow line. Sharks (10K-10M, DOGE): Red line. Whales (10M or More DOGE): Orange line – to understand the buying behavior of different groups of investors.

@azcoinnews

The smallest fish addresses bought aggressively at the peak, indicating a price top. Dolphins and sharks did not show any signs of engagement with the rally, while whales seemed to have been showing mild accumulation leading up to Elon’s DOGE logo replacement on Twitter.

This suggests that massive DOGE holders, including people close to Elon Musk and possibly Elon himself, had prior knowledge of the DOGE pump. Once the price spike happened, the red line (whales) showed signs of dumping, indicating profits being taken.

Despite the recent surge in price, Dogecoin’s chart shows “lower highs” being made consistently in the hours past yesterday’s pump. This makes it hard to get too excited about a sudden correlation break, and “higher highs” would be a much more solid indication that a bigger rally will be commencing soon.

In summary, while Dogecoin’s recent surge in price may have been influenced by Elon Musk’s tweet, investors and traders should consider the various signals that suggest a local top may be forming. It remains to be seen whether the cryptocurrency will experience another rally soon, or whether its price will continue to trend downwards.

#ElonMusk #Musk #Dogecoin #DOGE #azcoinnews

This article was republished from azcoinnews.com

The Shiba Inu (SHIB) community has risen dramatically recently, with many investors waiting for the token’s price to rise. However, the price of SHIB, like any cryptocurrency, is subject to market swings and can be influenced by various factors.

These variables could make the meme token an appealing investment option for traders at any time of year. Given that the Easter vacations are only a few weeks away, we were able to anticipate the price of Shiba Inu on Easter Day, April 9, using CoinCodex’s AI analysis.

Shiba Inu is expected to trade at $0.000009976 on April 9th, according to data obtained on March 21. The expected price, however, is slightly lower than SHIB’s current price of $0.00001052 at the time of writing.

SHIB April 9 price prediction | Source: CoinCodex

There is no particular reason why crypto traders might desire to acquire Shiba Inu around Easter. However, given the possibility of it being purchased as a present or used to pay for gifts at particular merchants during the Easter season, traders may expect some volatility in the price of digital assets.

Shiba Inu has tremendous potential for growth and adoption as more businesses and individuals recognize and accept money as a means of payment. This could result in higher demand for Shiba Inu and a subsequent price increase.

Furthermore, sentiment on the one-day gauges at the finance and cryptocurrency analytics portal TradingView is typically unfavorable for SHIB. The summary advises a sell at 14, based on oscillators in the buy zone at two and moving averages indicating a strong sell at 14.

SHIB 1-day gauges | Source: TradingView

With a market capitalization of $6.2 billion, SHIB is trading at $0.00001093, rising 4% in the last 24 hours and down 5% over the last week.

Incidentally, before April 9, the crypto community predicted the SHIB price for March 31, 2023, at $0.00001191, which was somewhat higher than its current price and much more than the Easter Sunday AI projection.

Shibarium is expected to raise the value of SHIB and create a new use case, which would promote higher demand and lead to a price explosion.

Shibarium’s beta release is an important milestone for the Shiba Inu community and the broader cryptocurrency industry. Shibarium’s faster and less expensive transaction processing, staking incentives, and DEX that supports SHIB and other ERC-20 tokens can potentially transform the landscape of Layer 2 solutions.

#ShibaINU #Shiba #azcoinnews #Shibarum #memecoin

This article was republished from azcoinnews.com

The cryptocurrency world is buzzing with excitement as the ARB token has gone live and is now listed on multiple exchanges. The token, which was created by the Arbitrum team, is designed to offer fast and secure transactions on the Ethereum blockchain.

What’s even more exciting is that an airdrop of 11.6% of the ARB supply to Arbitrum users is now live. As of now, around 263,000 eligible addresses have already claimed over 509 million ARB tokens, which is approximately 43.85% of the airdrop. This is worth over $680 million at the current price of $1.34.

The last $100 million Series B round, priced at $0.12, valued the company at $1.2 billion. With the initial circulating supply of around 1.275 billion ARB tokens, the current market cap is $1.69 billion.

Twitter: @azcoinnews

Arbitrum’s team has been working hard to ensure that the token is listed on major exchanges, including Binance, OKX, Bybit, Uniswap, MEXC, Huobi, Bitget, and many more. The team is committed to providing fast, secure, and efficient transactions on the Ethereum blockchain.

ARB token is already creating a buzz among investors and traders, and it has the potential to become one of the most sought-after tokens in the crypto world. With the airdrop underway, the excitement is only set to grow.

As more and more people claim their ARB tokens, the price is expected to rise even further. The Arbitrum team has created a token that is not only innovative but also has the potential to change the way we think about blockchain transactions.

#arbitrum #ARB #ARBairdrop #azcoinnews #crypto2023

This article was republished from azcoinnews.com