with the current scalability of layer 2, I think arbitrum will be good for the future, especially this year and next year.
If you want to buy now, it's not a bad time and you can accumulate it over the next few months.
In the layer 2 race for now arbitrum looks like the winner, but there are few more layer 2 upcoming which seems better than top 2 layer 2 in the market right now. Manta just released their token few days ago and their TVL growth was impressive. Also they are using the best technology in the market so they just need a proper marketing and partnership to get a top position. Their TVL is almost 1 billion right now so it won't be hard to get a few billion dollars if they can keep the hype going.
to be honest i think manta have better chance of going up, arbitrum already increased from few months ago, i think it has reached its current peak and maybe waiting for the next bullrun coming from bitcoin but with manta it is still new coin, its having some frequent price swinging and seems like testing resistance at the top level to breakthrough definitely might become the next tia at this point.
also the hype around this coin is still good anyway, i think its just gonna get better, recent accussation against the dev team in recent time has also been clarified and made clear.
...I'm planning to buy it for higher gains. So what do you think? Is this Arbitrum worth buying? And what do you think about the future of this altcoin?
You've been thinking too long, until quite recently the price of the coin was two times lower than the current one. However, it is a good decision to hold a little ARB in your portfolio, as the price should potentially be higher. But I practically stopped using this blockchain, since the commissions are too high compared to other L2.
agreed with this each transaction take about $1 or more, while the other blockchain only few cents, this blockchain is highly congested with traffic i don't know why since other blockchain like optimism are just as good if not better in term of ecosystem, maybe the scalalability and capability of both blockchain differ.