Arbitrum Token Initial Price Speculation

dansus021

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Quote from: tokeweed on June 27, 2023, 08:48:27 AM

We can't really compare ARB with SUI, could we? I mean judging from the growing TVL and the increasing transaction volume in Arbitrum, I think it could reach 10 billion market cap and even outpace the likes MATIC and ADA in a fully fledging bull market. ARB could basically be a leveraged bet for Ethereum and many projects in ETH L1 will later have to have a go to L2 and Arbitrum would be their best option since it has the highest TVL, activity and volume.

But if you guys think I'm wrong then what's the best ETH L2? :/

Yes SUI is a new coin tho and after I check that SUI is layer 1 so i made a mistake on my first post, so Layer 2 and Layer 1 is different. In this case Arbitrum has a lot of TVL since this using EVM or Ethereum Virtual Machine meaning you can use your code from eth. bnb chain or other bring to arbitrum and change little bit. But layer 2 depent on their layer 1 in this case Etherum

and the SUI is layer and pretty much new that is why the tvl is pretty much low but since this is PoS chain maybe sui will get the attentin too

ioseta

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Quote from: tokeweed on June 27, 2023, 08:48:27 AM

We can't really compare ARB with SUI, could we? I mean judging from the growing TVL and the increasing transaction volume in Arbitrum, I think it could reach 10 billion market cap and even outpace the likes MATIC and ADA in a fully fledging bull market. ARB could basically be a leveraged bet for Ethereum and many projects in ETH L1 will later have to have a go to L2 and Arbitrum would be their best option since it has the highest TVL, activity and volume.

But if you guys think I'm wrong then what's the best ETH L2? :/

that's really true. I always think about arbitrum is the next best thing since ethereum. for the reasons you mentioned it has a growing capacity and can't be compared with the likes of sui. I don't see better options for the competition.

JeffBrad12

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Quote from: Desscount on June 25, 2023, 10:11:58 PM

Quote from: WalkerIVIV on June 25, 2023, 07:00:49 PM

Quote from: BaeSuzy on June 25, 2023, 06:33:09 AM

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

though the ecosystem was very active, it only full of shitcoins, hopefully though it will have some good quality projects like back in its early days and could compete even against ethereum.
but arbitrum overall i can see this growing significantly but just one thing, i wonder why the market capitalisation was still relatively low.

Yes, speaking as a whole, I think we need to appreciate Arbitrum,
related to that I hope there will be a new strategy to increase capitalization,
the most important thing is to continue to follow its development and we'll see.

I think current capitalisation of arbitrum is what these second layer blockchain actually deserve, after all, they are not L1 like any other out there that got high ranks.
the thing with these L2 as their name implies they only become alternative for ethereum because of gas fee thus their implementation of using ethereum for paying the gas fee so that
ethereum users could easily migrate over to the alternative blockchain to avoid the high gas fee but still it's only alternative.
thats why many just don't think L2 might worth that much but regardless the growth of these L2 has been massive.

tokeweed

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Quote from: dansus021 on June 25, 2023, 09:44:01 PM

Quote from: BaeSuzy on June 25, 2023, 06:33:09 AM

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

A typical coin of layer 2 coin maybe gonna rose but we don't know for sure because its like SUI and pretty much a baby coin especially after giving dozen ton of airdrop maybe the sell pressure pretty much high in couple of weeks unless bitcoin can break above 30K level and other coin including ARB can rose too

But as we can see here the volume is down and the price is plumetting although the coin is pretty new I can say much

We can't really compare ARB with SUI, could we? I mean judging from the growing TVL and the increasing transaction volume in Arbitrum, I think it could reach 10 billion market cap and even outpace the likes MATIC and ADA in a fully fledging bull market. ARB could basically be a leveraged bet for Ethereum and many projects in ETH L1 will later have to have a go to L2 and Arbitrum would be their best option since it has the highest TVL, activity and volume.

But if you guys think I'm wrong then what's the best ETH L2? :/

dansus021

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Quote from: GreatArkansas on June 25, 2023, 11:21:48 PM

Since I also own Arbitrum tokens, my ideal buy zone also if we will fall below $1. For long term, Arbitrum is my player also.

Yes you have a good eye Wink

In my opinion the best price range is between ~0.95-1$ for now and if the price go down we can continue to Average down using Dollar Cost averaging and the good thing this is a layer 2 coin meaning if we dont have money to buy more we can stake it and watch it grow Cool

GreatArkansas

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Quote from: dansus021 on June 25, 2023, 09:44:01 PM

Quote from: BaeSuzy on June 25, 2023, 06:33:09 AM

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

A typical coin of layer 2 coin maybe gonna rose but we don't know for sure because its like SUI and pretty much a baby coin especially after giving dozen ton of airdrop maybe the sell pressure pretty much high in couple of weeks unless bitcoin can break above 30K level and other coin including ARB can rose too

But as we can see here the volume is down and the price is plumetting although the coin is pretty new I can say much
https://s3.tradingview.com/snapshots/u/UzciM3f7.png

Most of the altcoins right now are bleeding, especially layer-2 tokens. The one that recently pumped was DeFi coins which are not really too much.
I can say now is altcoins now will move as 1, with no excuses or no exemptions as Bitcoin starting to dominate (see Bitcoin dominance).

Since I also own Arbitrum tokens, my ideal buy zone also if we will fall below $1. For long term, Arbitrum is my player also.

Desscount

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Quote from: WalkerIVIV on June 25, 2023, 07:00:49 PM

Quote from: BaeSuzy on June 25, 2023, 06:33:09 AM

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

though the ecosystem was very active, it only full of shitcoins, hopefully though it will have some good quality projects like back in its early days and could compete even against ethereum.
but arbitrum overall i can see this growing significantly but just one thing, i wonder why the market capitalisation was still relatively low.

Yes, speaking as a whole, I think we need to appreciate Arbitrum,
related to that I hope there will be a new strategy to increase capitalization,
the most important thing is to continue to follow its development and we'll see.

dansus021

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Quote from: BaeSuzy on June 25, 2023, 06:33:09 AM

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

A typical coin of layer 2 coin maybe gonna rose but we don't know for sure because its like SUI and pretty much a baby coin especially after giving dozen ton of airdrop maybe the sell pressure pretty much high in couple of weeks unless bitcoin can break above 30K level and other coin including ARB can rose too

But as we can see here the volume is down and the price is plumetting although the coin is pretty new I can say much

WalkerIVIV

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Quote from: BaeSuzy on June 25, 2023, 06:33:09 AM

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

though the ecosystem was very active, it only full of shitcoins, hopefully though it will have some good quality projects like back in its early days and could compete even against ethereum.
but arbitrum overall i can see this growing significantly but just one thing, i wonder why the market capitalisation was still relatively low.

SlimShadyMmp

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Lets see whether ARB will dethrone TRON wallet because seriously is been around for a long time now and the app on the tron wallet is low on and Defi apps that will help it grow ARB GMX and others makes it attract lots of users with money markets

BaeSuzy

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I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

Bitstar_coin

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Quote from: Psynthax on May 27, 2023, 07:29:58 PM

Quote from: newdevices on May 27, 2023, 06:08:37 AM

the ARB price is really very strong to stay above $ 1 and this has been going on for 1 month,
of course I can speculate that ARB could be $ 5 or even $ 10 in the next bullish,
maybe 2024 ARB will be big and the market cap could exceed CRO and even XLM.

it seemed these layer 2 has something that prevents them from having market capitalisation more than those coin with their own blockchain though.
arbitrum still seemed to hardly increase its value over the course of few weeks, despite the fact that it's really popular.

Few weeks and you already concluding, being popular is one thing, increasing demands and growing as a result organically is another.
I don't think anything is preventing arb from having a higher market capitalization except time, compare to other blockchain, arb is still relatively new and very capable.

Psynthax

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Quote from: newdevices on May 27, 2023, 06:08:37 AM

the ARB price is really very strong to stay above $ 1 and this has been going on for 1 month,
of course I can speculate that ARB could be $ 5 or even $ 10 in the next bullish,
maybe 2024 ARB will be big and the market cap could exceed CRO and even XLM.

it seemed these layer 2 has something that prevents them from having market capitalisation more than those coin with their own blockchain though.
arbitrum still seemed to hardly increase its value over the course of few weeks, despite the fact that it's really popular.

tokeweed

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^ Lol... Tbqh, I really thought we'd see ARB pump to 10 bucks or something and go over DOGE and MATIC in market cap in a couple of weeks after airdrop. But seems like the trade is too crowded preventing it from going up fast. This usually happens when market is in pvp mode with traders trying to get the better of each other from both directions.

And the dev team selling some tokens shenanigans didn't help. There's always something sketchy going on with these things. :/

newdevices

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the ARB price is really very strong to stay above $ 1 and this has been going on for 1 month,
of course I can speculate that ARB could be $ 5 or even $ 10 in the next bullish,
maybe 2024 ARB will be big and the market cap could exceed CRO and even XLM.

tygeade

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Quote from: kevinzxz on May 26, 2023, 03:30:13 PM

Quote from: xperiance1814 on May 02, 2023, 10:39:03 AM

Do you still think ARB has the capacity of reaching 2$ ? As a few weeks ago it was around 1.80$ ?

ARB has an ATH price of $8.67, so for ARB to reach $2 it can definitely happen, because I think ARB is now a popular altcoin, so many people start to investing in ARB for the long term and when the next bullrun happens, it's very easy for the price of ARB reach $2 or even go back to the ATH price and make a new ATH, therefore if you want to invest in ARB, then now is still the right time to invest in ARB and hold until the next bullrun comes to get a lot of profit.

I think just looking at the past and deciding the future is not a good way, doesn't mean that it can't, I do believe that it could totally do that but I believe that its not a healthy way of looking at it. This was a very highly hyped project and everyone talked about it and too many people loved it and they all did their best to make as much profit from it as they possibly could.

But in the end, we are talking about a project that is new, it has been just what a few months it started? So at the end it may not go back to ATH price for a long time, and even going higher all depends on how much the market moves. We need bitcoin and others to go up as well for ARB to go up, its not going to go up all by itself, if btc goes up a lot, then yeah ARB could too.

JeffBrad12

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Quote from: terciduk123 on April 27, 2023, 11:03:45 AM

With a market capitalization of more than $1.55 billion USD, Arbitrum was able to retain their token price over the $1 USD mark. This is very impressive for a new project.
Arbitrum is worthy of being listed among investment portfolios. Given many users generally use the Arbitrum network for transactions due to the low and quick transaction fees.

it was helped massively in term of ecosystem growth by the airdrops that they've done.
so many are considering airdrops as a waste of time and could have the potential of destroying a project but honestly it could be really good marketing strategy.
sui with its IEO, didn't have that much significant ecosystem growth, but instead it's losing its value everyday even though it has raised massive amount of money.
but see arbitrum it has massive ecosystem growth that the effect of its airdrop still can be seen until this day.

kevinzxz

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Quote from: xperiance1814 on May 02, 2023, 10:39:03 AM

Do you still think ARB has the capacity of reaching 2$ ? As a few weeks ago it was around 1.80$ ?

ARB has an ATH price of $8.67, so for ARB to reach $2 it can definitely happen, because I think ARB is now a popular altcoin, so many people start to investing in ARB for the long term and when the next bullrun happens, it's very easy for the price of ARB reach $2 or even go back to the ATH price and make a new ATH, therefore if you want to invest in ARB, then now is still the right time to invest in ARB and hold until the next bullrun comes to get a lot of profit.

xperiance1814

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Do you still think ARB has the capacity of reaching 2$ ? As a few weeks ago it was around 1.80$ ?

terciduk123

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With a market capitalization of more than $1.55 billion USD, Arbitrum was able to retain their token price over the $1 USD mark. This is very impressive for a new project.
Arbitrum is worthy of being listed among investment portfolios. Given many users generally use the Arbitrum network for transactions due to the low and quick transaction fees.

Topic: Arbitrum Token Initial Price Speculation (Read 756 times)