What makes ARB price keep climbing despite occasional drops ?

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Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

Since the listing of ARB last month, the price has been on the rise despite occasional drops. $0.5 was not a low start point but it went higher from then on. I read a lot of news about ARB before it was listed but the instant and endurable(at least for now) success is not usual compared to other altcoins. What is the secret to ARB's success ? Or simply, why its price keeps steadily climbing ? Please let me know. By the way, I am with FireDAO team, in charge of the global community. Please feel free to contact me should you have any inquiry.

IMO, the Arbritum team was able to build a solid community and loyal users before releasing their tokens, some people went to the chain because of Airdrops but most people used the blockchain and were pleased with what results they got. Just look at the success of $OP and $ARB the difference is huge, $OP is more of a VC chain while $ARB has a huge number of retail users using the chain. It is better to build a solid community and use incentives to tie them down. Also, $ARB is well funded project and their runway will last many years IMO

hyudien

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Currently, the meme coin trend on the Arbitrum network is hype and not a few of them are getting airdrop locations from addresses that have claimed Arbitrum airdrops. So far what I've seen is people trying to re-enter the memecoin hype, especially on the Arbitrum network. Some of my friends also get an allocation and some get NFT. This will certainly have an impact on increasing the adoption of Arbitrum but on a small scale.
Another reason is that currently Arbitrum has begun to stabilize in terms of price because the beneficiary communities have almost sold their ownership and just left. Then an even bigger push came from the ecosystem which fully supports Abitrum as a Layer2 solution.

SirLancelot

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Quote from: btc78 on April 19, 2023, 12:22:56 AM

With their successful launch ? and their airdrop giving millions and millions to the supporters? and the outcome of their advertising ? now we can see the fruits of it and this is what we are seeing now , ARB is continuously climbing and indeed that we might be seeing this for another long months till the bull run.

Don't you think that it's only just the result of the recent hype that was caused by the ARB airdrop? I know that Arbitrum is a potentially good project and can go a long way, but if it can actually retain its position and make a name for itself within the community then we might see its token surge even higher in price, but if things don't go well for them, we might see something opposite of that.

There is basically a lot of competition among protocols these days, you can find a lot of newly launched blockchain protocols and some are still coming up, so it's probably going to be a tough one for a lot of them to survive.

btc78

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With their successful launch ? and their airdrop giving millions and millions to the supporters? and the outcome of their advertising ? now we can see the fruits of it and this is what we are seeing now , ARB is continuously climbing and indeed that we might be seeing this for another long months till the bull run.

Bitstar_coin

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Arb is a community driven project, there is a strong community behind arb that keeps the price from falling despite doing airdrop to all who actively interact with the network.
Arbitrum is a better layer solution to the ethereum network, according to some reports, "the daily transactions on the Arbitrum network has surpassed that of ethereum base on the onchain data on dune" and the ecosystem keeps growing with many dapps building on the network. So it is very likely to see the price will steadily raise to a new ath in next bull season.

o48o

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Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

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What is the secret to ARB's success ? Or simply, why its price keeps steadily climbing ? Please let me know. By the way, I am with FireDAO team, in charge of the global community. Please feel free to contact me should you have any inquiry.

Have you tried using it? I honestly believe that it will change the whole idea how eth scaling should be done. I am uncertain why it would need a token but i guess dao voting is important in such projects. However i don't believe that holders can vote for best decisions as they are not coders. They will be most likely voting incentives to themselves.

tvplus006

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Quote from: yhiaali3 on April 18, 2023, 02:21:18 PM

...Of course, the increase in demand will naturally lead to an increase in the price, but this will not last forever anyway.

It is possible that when the Circulating Supply of coins increases, the supply will exceed the demand and in this case we will see a decrease in the price. But this will not happen in the coming year, since the first coin unlock for the team should be 1 year after TGE.

yhiaali3

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I suspect that the main reason is the good publicity and the great interest that the network has received due to people's race to get the airdrop.

This made many people expect a significant rise in the price of ARB and buy more of it. Of course, the increase in demand will naturally lead to an increase in the price, but this will not last forever anyway.

SUPERSAIAN

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ARB had a successful airdrop and they announced their names to a lot of investors. It was a good timing, as all of these were happening, which later caused the price to accelerate. The real demand is in the middle for layer 2 projects. Since its launch, it has been in demand even in times of decline. I can't imagine how high it goes.

ivankoh

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The ARB price is synonymous with actual demand and user confidence in its ecosystem. Controversial issues in ARB's token distribution plan after the airdrop suggest that its hot spot and appeal (even if AIP-1.05 fails) further proves that ARB is creating an solid foundation, stable over the long run, some price drops are just temporary corrections to the bitcoin trend. I believe the ARB value has great growth potential in the long term.

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Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

What is the secret to ARB's success ? Or simply, why its price keeps steadily climbing ? Please let me know.

The reason is its usage metrics. Arbitrum is the de facto top DeFi chain. It consistently outperforms other L2 chains like Polygon and Optimism in terms of TVL and 24h DEX volume. It's currently sitting at a $2.4B market cap while Polygon, which has lower TVL and activity, is at $10B. That's why people think $ARB is still undervalued and will keep climbing.

Quote from: adaseb on April 16, 2023, 11:45:33 PM

It never went to $0.50. It launched and spiked to like $1.50 and then went down to $1.10, probably front running all the buyers at $1 and rallied from there. We hit $1.70 and we might run to $2 this week unless bitcoins and ether stays under the $30K and $2K marks.

That's true, $ARB never reaches $0.5. Also confident we'll hit $2 very soon with the current market condition.

tvplus006

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The fact that the ARB price is increasing may indicate that demand exceeds supply. And after the coins received by airdrop were sold, sales decreased, and the number of people willing to buy continues to remain the same or even increases, we see a natural reaction of the market.

shinratensei_

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their occasional drops I assume was mainly because their airdrops, it could climb easily simply for the fact that their ecosystem are growing really fast as a side effect of having such huge airdrops they also gets tremendous marketing in which gonna boost their growth yet they will definitely need to face the difficulty of retaining their value. I still remember when their airdrops was going it was such massive news that even many platform got down because they've got too much traffic from the airdrops, initially it was valued above $8 and slowly and steadily decreasing overtime.
right now this platform is among one of the most used blockchain since they are quite good at becoming second layer for ethereum, but there has been something not right going with their consensus in the allocation of the token.

ElmedoRator

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Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

Since the listing of ARB last month, the price has been on the rise despite occasional drops. $0.5 was not a low start point but it went higher from then on. I read a lot of news about ARB before it was listed but the instant and endurable(at least for now) success is not usual compared to other altcoins. What is the secret to ARB's success ? Or simply, why its price keeps steadily climbing ? Please let me know.

The price increase of ARB after listing is completely normal compared to other altcoins. We all know that its problem-solving ability in the market, and especially it has also created a great buzz when it brings an airdrop to users, when the people who receive the airdrop sell them, the price will go up. decrease and at the time of accumulation long enough the price will be increased the way MM does. Overall, the success of ARB is a combination of many factors, including technology, development team, partners and actual applications, as well as an effective marketing strategy. However, as with any investment, investors need to make their own decisions and base their detailed investment decisions based on careful research and analysis.

Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

By the way, I am with FireDAO team, in charge of the global community. Please feel free to contact me should you have any inquiry.

I see you repeating it many times on the forum through all your posts, why don't you refer it directly through a topic, don't try to spam like that, please share your project here
Announcements (Altcoins)

FireDAOJackie_Z

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Quote from: blockman on April 16, 2023, 11:36:15 PM

Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

Since the listing of ARB last month, the price has been on the rise despite occasional drops. $0.5 was not a low start point but it went higher from then on. I read a lot of news about ARB before it was listed but the instant and endurable(at least for now) success is not usual compared to other altcoins.

Honestly, I was just waiting for its price to be like that and I'm waiting for it to be low as $0.5 and then that's where Imma load up my buying order. But then, it seems that it's holding strong to that point of $1.65 and it's staying there.

Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

What is the secret to ARB's success ? Or simply, why its price keeps steadily climbing ? Please let me know.

There's no secret on it and I think the launching was a success but it's still far from the usual success a project that needs to reach.
A long marketing and stable development is what has gained the attention of the masses with its move so I think that contributes a lot.

A long marketing development is indeed a contributing factor to ARB's price rise but the contents are more essential for any project. I agree that it is somehow too early to conclude that ARB is a solid success but as L2 is popular and Arbitrum is advancing as a platform for many useful projects, things will become clear whether ARB deserves its price status and continues to grow bigger.

adaseb

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It never went to $0.50. It launched and spiked to like $1.50 and then went down to $1.10, probably front running all the buyers at $1 and rallied from there. We hit $1.70 and we might run to $2 this week unless bitcoins and ether stays under the $30K and $2K marks.

Why is it rallying? Who knows. Maybe because L2 is very important to use many of these Dapps because ETH is not good for small transactions. Then there are also the government regulations out there which make Defi very popular.

blockman

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Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

Since the listing of ARB last month, the price has been on the rise despite occasional drops. $0.5 was not a low start point but it went higher from then on. I read a lot of news about ARB before it was listed but the instant and endurable(at least for now) success is not usual compared to other altcoins.

Honestly, I was just waiting for its price to be like that and I'm waiting for it to be low as $0.5 and then that's where Imma load up my buying order. But then, it seems that it's holding strong to that point of $1.65 and it's staying there.

Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

What is the secret to ARB's success ? Or simply, why its price keeps steadily climbing ? Please let me know.

There's no secret on it and I think the launching was a success but it's still far from the usual success a project that needs to reach.
A long marketing and stable development is what has gained the attention of the masses with its move so I think that contributes a lot.

GreatArkansas

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Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

Since the listing of ARB last month, the price has been on the rise despite occasional drops. $0.5 was not a low start point but it went higher from then on. I read a lot of news about ARB before it was listed but the instant and endurable(at least for now) success is not usual compared to other altcoins. What is the secret to ARB's success ?
(...)

We really expected that it will dump at the beginning because a lot of people sold their airdropped tokens and you can also observe it on past projects who conducted airdropped before just like APT or UNISWAP.
After the airdropped tokens became available, a lot of sellers. Then after that, the price slowly increases.
Arbitrum got a huge TVL right now and it's still increasing despite of a lot of FUD happening. I can say Arbitrum still got more room above!

hd49728

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Quote from: FireDAOJackie_Z on April 16, 2023, 10:23:32 PM

I read a lot of news about ARB before it was listed but the instant and endurable(at least for now) success is not usual compared to other altcoins. What is the secret to ARB's success ?

It's a free market with a zero-sum game so even if it is a successful project, it does not mean all people engage with $ARB can have profit. There are buyers buy it at top and panic sell at bottom or in correction. There are smarter people who wait for correction to buy and sell at bounce or next peak.

I think it is too soon to consider Arbitrum as a successful project as it must be tested more by hackers and next bear market.

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Or simply, why its price keeps steadily climbing ? Please let me know.

Nothing can rise forever and Arbitrum has to stop its climb at some point. Currently people get hyped with Arbitrum and new cash flow pours into Arbitrum but you can not find new cash flows forever. It has to stop and when there is no new cash flow into Arbitrum, its price will drop.

FireDAOJackie_Z

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Since the listing of ARB last month, the price has been on the rise despite occasional drops. $0.5 was not a low start point but it went higher from then on. I read a lot of news about ARB before it was listed but the instant and endurable(at least for now) success is not usual compared to other altcoins. What is the secret to ARB's success ? Or simply, why its price keeps steadily climbing ? Please let me know. By the way, I am with FireDAO team, in charge of the global community. Please feel free to contact me should you have any inquiry.

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