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Arbitrum

🔥 Arbitrum Falling Wedge Bullish Break OutRecently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down. However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal pattern. Be patient for the break out to occur. Targets in blue.
Long
by FieryTrading
11
ARB new to me.If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! So this has just been birthed onto Binance. Because of the lack of context and price action, I would be a bit more leery about it. BUT, its got some Elliott wave looks but its giving me mixed signals, so I just blindly entry one way and hope for thr best...just kidding, I wait for confirmation. The levels, though, seem to be reactive. On the bull side would want to see the PA bust up beyond 1.31 and flip that level to support. Bear side..1.18. Cheers!
by CryptoKnee
🔥 Arbitrum Fibonacci Reversal: Short-Term Gains ComingARB has been one the most hyped tokens of recent memory, with a full release on the biggest exchanges last week. After a small initial drop, it seems that ARB has found support on the 0.382 Fibonacci Retracement. Since ARB has now stopped with making lower-highs and lower-lows, I'd wager that there's more gains coming for this highly anticipated token. In the short-term, the blue lines are my targets. Over the long-term, it's anyone's guess where ATB can go. Either way, I think this token will fly once BTC can get a decent trend going.
Long
by FieryTrading
16
Why to follow 🌉Arbitrum🌉 (ARB)❗️❓As I have said before, I evaluate crypto projects based on various factors.👇 I have already introduced each of these factors with a brief explanation, so today, I will be looking at Arbitrum (ARB) , which will launch on Binance exchange on March 23rd. That is tomorrow. 🔥Let’s get into it: 🔰🔰🔰🔰🔰🔰 ✅ Projects Goals : Technically, Arbitrum is an optimistic roll-up on Ethereum. To put it more simply, it is a suite of scaling solutions that provides faster speeds at a significantly lower cost, with the same level of security as Ethereum. Since Ethereum users were very inconvenient during the last bull run due to the ridiculously high gas fees they had to pay, Arbitrum and other Layer2️⃣ scaling solutions became extremely necessary for the growth of user adoption in DeFi. That is why I have scored Arbitrum’s goals 10/10. ✅ Founders : Arbitrum is built by a company called Offchain Labs. Ed Felten, Steven Goldfeder, and Harry Kalodner are the co-founders of OffChain Labs🔬 and hence Arbitrum. Ed Felten is a computer science and public affairs professor at Princeton University. Steven Goldfeder has received a Ph.D. in philosophy from Princeton University, where he also worked at the intersection of cryptography and cryptocurrencies. Harry Kalodner also holds a Ph.D. in Computer Science from Princeton University. The co-founders' academic level and work experience made me score a 10/10 for the Arbitrum founders. ✅ Github : Since the founders are experienced computer scientists, users who are not tech-savvy don’t have to worry about Arbitrum’s code. The team is constantly working on updates to improve the Arbitrum networks🌐 making them easier to use with faster and cheaper transactions. But since there is still much more room to grow, the experts at I have scored Arbitrum’s Github 9/10. ✅ Inflation Rate : Arbitrum's $ARB token has a total supply of 10 billion and a maximum annual inflation rate of 2%. This is a decent inflation rate, so I have scored $ARB’s inflation rate 8/10. ✅ Community : Arbitrum’s user base mainly consists of OG Ethereum users who often transacted on Ethereum and started using Arbitrum due to the high gas fees. The Twitter account of Arbitrum has more than 610K followers👨‍🦰, and their Discord channel has more than 320K members. Also, with the launch of $ARB on March 23, the governance of Arbitrum starts, which enables the community to make decisions by themselves to grow the community further. This is why I have scored Arbitrum’s community 9/10. ✅ Whitepaper : Arbitrum’s whitepaper clearly states the project’s vision to the readers: providing scaling solutions to increase transaction speed and lower costs while staying as secure as Ethereum. The Arbitrum team has achieved many milestones till now and continues to do so, like the upcoming governance launch. This is why I have scored Arbitrum’s whitepaper 10/10. ✅ Developers : Since Arbitrum was founded by experienced computer scientists, the devs building Arbitrum are top quality which can also be realized by the number of projects building their DeFi protocols on Arbitrum. This is why I have scored Arbitrum’s developers 9/10. ✅ Tokenomics : The $ARB token distribution is as follows: 11.62% is airdropped to individual wallets, 1.13% is allocated to DAOs in the Arbitrum ecosystem, 17.53% goes to investors, 26.94% is allocated to the team, and future team, advisors, and the remaining 42.78% stays in the DAO treasury which can be governed by $ARB holders. This is an extremely fair token distribution, with the founding team receiving less than 30% of the total supply, so I have scored Arbitrum’s tokenomics 10/10. ✅ Venture Capital Investors : Arbitrum has a long list of VC investors, including Pantera Capital, Coinbase Ventures, Alchemy Ventures, and many more, which shows the credibility and the great vision of Arbitrum. This is why I have scored Arbitrum’s VC investors 10/10. ✅ Competitors Comparison : Arbitrum is one of the largest roll-ups providing scaling solutions for Ethereum, with over 3.5 million unique addresses on Arbitrum. But as an optimistic roll-up, Arbitrum faces heavy competition from other optimistic roll-ups like Optimisim and even ZK (Zero Knowledge) roll-ups. Each roll-up has its pros and cons, but without getting into the technical details, I have scored Arbitrum 8/10 in terms of competitor comparison. ⚠️ The overall score for Arbitrum is 9.3/10, which is an excellent score when evaluating a crypto project. But always remember that crypto tokens are generally risky assets that often face major volatility. So you must do your research and even consider talking to an advisor before investing🤑 in any crypto project.
by pejman_zwin
13
Arbitrum with high potential. ARBUSDTHello guys, Everything is explained on the chart for you like always. ARB as a newcomer token in crypto currencies with blockchain and a strong ecosystem which I think it has a lot of growth potential. ( NOT financial advice ).Also consider it after a good correction and specially under 1$ will be good to invest. You can keep that in your watchlist. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
Long
by ArashBanakar
7
Arbitrum season is here ! Here is what you need to knowThis idea is less about the technicals of $ARB and more about the fundamental value the network provides. Arbitrum is a Layer 2 network. If you aren't familiar a Layer 2 refers to a crypto network that aims to increase scalability of another crypto network by launching a separate blockchain that connects to the larger one in some form. Ethereum has become so vast that without these Layer 2's it would become extremely slow and transactions would cost hundreds if not thousands of dollars per transaction. There are multiple Layer 2 projects for Ethereum but the two most compared to Arbitrum are Polygon $MATIC ($9.8 billion market cap) and Optimism $OP ($775M market cap). Both of these projects have seen an influx of applications and NFTs launching on their chain and have been around for some time now. Arbitrum is another Layer 2 that is arguably more hyped than both Polygon AND Optimism and that is what I want to analyze today. What are the differences? I will not be going through all the differences between Arbitrum vs Polygon vs Optimism but the main difference is the scalability solution these Layer 2's implement. Polygon $MATIC - is a sidechain. Sidechains are independent, EVM-compatible (just think of this as it can interact with Ethereum's smart contracts) solutions that run in parallel with Ethereum. This is different than Optimism and Arbitrum which are known as roll-ups. All transactions happening on the Arbitrum and Optimism network are collected as batches of transactions, settled on its own network, and then feeds the transaction data back to the Ethereum blockchain ledger. The main difference between Optimism and Arbitrum are highly technical, which of these two will win the battle is purely a game of user adoption, of which Arbitrum is currently already winning. $ARB airdrop and tokenomics Today 3/23/23 - Arbitrum just launched their new token $ARB which will be used to support the network. Users that were using the Arbitrum network, interacting with smart contracts, and moving money around on the network were rewarded with an airdrop of the token. A total of around 11% of the 10 billion total tokens was airdropped. Users were eligible for between 500-10,000 tokens which at these prices are about $600-$14000. The remaining 89% of tokens are locked up and will be distributed to multiple parties, exchanges, the team, etc over the next 4 years. When most projects airdrop a token, you have an initial dump and then it will skyrocket before retracing and following the market (see Optimism's airdrop last year: coinmarketcap.com) Short term potential As I write this $ARB has had the initial dump from the airdrop claim and is looking for support levels. There is one piece of information which I think is very telling of what will happen with $ARB short term. While all of these Layer 2's have applications that are thriving on their network, the real metric to watch is the TVL in their DeFI sector. According to defillama.com - Arbitrum has surpassed both Polygon and Optimism COMBINED for the total locked value in DeFi. This was achieved before their token even dropped, an incredible achievement. In my opinion this is mostly because of the new smart contract based derivatives trading platform gmx.io which is currently available on Arbitrum and has taken the market by storm. Use up to 50X leverage to trade a few well known cryptos but you are interacting with smart contracts, not trusting a centralized entity. With the 2022 fall out of so many centralized protocols , many people believe this is the new way to trade. GMX has seen consistent growth since its launch in October 2022 which means it grew during the entire FTX fiasco, another amazing achievement that shows how strong this project is coinmarketcap.com I highly reccomend GMX as I use it almost daily to trade because you can stake their token and earn from the platform fees being collected. Polygon's TVL stems from well known protocols such as AAVE and Uniswap, both of which I would place a bet will be looking to expand to Arbitrum, thus increasing Arbitrum's TVL lead. When this news drops from these protocols, expect Arbitrum to have large 10, 20, or even 30%+ swings to the upside. Long term potential Partnerships, more protocols expanding their product to Arbitrum, new protocols launching on Arbitrum, new hyped NFTs, user adoption, more TVL locked, I believe Arbitrum is a great long term hold. It is a serious contender for Polygon which has been the premier Layer 2 for Ethereum for years. Arbitrum reaching Polygon's market cap would mean it does about a 9X from it's current price. Considering this is the absolute start of $ARB , it would be a somewhat high risk but even higher reward to go long on $ARB with low leverage for the long term. Many receivers of the airdrop including myself , have no intentions of selling anywhere near these prices. This opinion is based of of the many hours I have spent in the Discord, monitoring the hype. $ARB is not another pump and dump or average coin that is just hyped, it has a true purpose which should not be underestimated. Ethereum is the largest smart contract network and is only poised to keep growing, these Layer 2's are absolutely critical to Ethereum's growth. With that in mind , going long on $ARB at this stage could turn out to be one of the most lucrative moves in 2023. This is my opinion, not FA, we still have the turbulent status of the current banking crisis, the SEC's current all in on crypto regulation, and overall market sentiment to consider. How can I capitalize on the next airdrop? There is nothing quite like free money but it can be tough to know where to look. Arbitrum never announced this airdrop was coming; however, technical veterans such as myself knew that in order for them to run a network that features settling transactions, you need to have users helping you run the network via nodes. That is if you want true decentralization, which Arbitrum has been very clear they do. So which protocol is next? My money is on starkware.co and consensys.net To earn the air drop you will need to move some money into crypto, and eventually onto their network and begin using applications. When is it coming? That's the fun part - you don't know. It could be tomorrow , it could be end of the year. If you really want to stay up to date on potential airdrops, I recommend following this guy on Twitter: twitter.com - he has helped me find sooo many. Anyway that's it! Hope you learned something new. If there is enough interest I will start posting more about these potential moon missions from a fundamental level. Cheers!
Long
by TRACANTE
3