Altcoin News- Arbitrum’s price is increased by 9.10% in the last 24 hours with total volume.
- The Binance listing pattern suggests a high possibility of growth for ARB.
Arbitrum is the network that allows users to transact on Ethereum at a low price. They introduced the ARB token. After a long wait, the ARB airdrop was live on March 23. The Arbitrum price has increased by around 11% in the last 24 hours with its trading volume.
It has been a week since the largest Ethereum layer-2 solution Arbitrum (ARB), distributed its long-awaited governance token to the community members. The users successfully claimed over $1 billion worth of tokens.
The process was smooth, mired by bugs, frustration, and lots of scammers tried to take advantage of the chaos. Scammers created a lot of spam Arbitrum accounts on Twitter. The original Arbitrum account was suspended by Twitter after it was mistakenly flagged as spam.
Arbitrum Shows Bullish Momentum
The Arbitrum has seen notable price movement in recent times. At the time of writing, the trading price of ARB is $1.38, with a 24-hour trading volume increase of 76.56%. Arbitrum is up 11.48% in the last 24 hours, according to CoinMarketCap. The increase brings it closer to the initial listing high.
At the time of launch, Arbitrum saw a price drop of around $5 to $1 in minutes, followed by a successful rebound. After the price decline, Arbitrum has now seen a huge increase in the last 24 hours.
The Arbitrum shows a strong bullish momentum. Investors and traders should keep watch on Arbitrum’s price for the upcoming week. The Binance listing pattern suggests a high possibility of continued growth for ARB. However, traders should exercise caution and conduct research before any investment because of the high volatility of the crypto market.
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Source: https://thenewscrypto.com/arbitrum-arb-price-rising-along-with-trading-volume/