Arbitrum (ARB) has recently captured significant attention with its impressive performance. Renowned crypto analyst Michaël van de Poppe has shared an optimistic outlook on this Ethereum layer-two (L2) scaling solution, speculating a potential rise in its value to the $2 mark. The token has recorded a surge of 58% in the past 30 days, a trend that van de Poppe believes will continue soon.
The Rising Trajectory of Arbitrum
Arbitrum’s journey in the cryptocurrency market has been remarkable for its massive gains. As per the latest data, the token stands at a valuation of $1.58, marking an increase of 19.96% in just 24 hours. This growth is complemented by a rise in trading volume, which has soared by 205.61% in the same period, reaching a staggering $1,598,545,697.
I’ve posted some updates on $ARB.
Retest at $0.98 did work, continuation towards $1.35 as well and even further.
Some beautiful S/R flips, I think $1.40-1.45 should hold and we can continue to $2. pic.twitter.com/wIFEg26zq
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