ARB Crypto Price Prediction 2023-2030: Is ARB a Good Investment?

Latest Arbitrum Price

Article Coverage: Arbitrum Performance, Latest News, Arbitrum Price Prediction Today, Latest Arbitrum Video, Is Arbitrum a Good Investment? Can Arbitrum reach $100? ARB Price Prediction 2023-2030

Arbitrum Performance, May 30th

Last 5 days: +11.7%
Last 1 month: -9.3%

ARB Crypto Price Prediction: Price movements of the current L2 platforms

Past performance of MATIC

Last 5 days: +1.7%
Last 1 month: -9.5%

Past performance of OP

Last 5 days: -6.4%
Last 1 month: -30.5%

Arbitrum ARB Latest News, May 30th

Arbitrum has shared its third Weekly Arbinaut update, highlighting product developments, and ecosystem milestones, and welcoming new projects launching on the platform this week
- Offchain Labs recently released Nitro v2.0.14, which adds support for offline pruning and eth_sendRawTransactionConditional (not yet enabled on the mainnet) while fixing miscellaneous validator issues
- In terms of ecosystem milestones, Arbitrum Nova has surpassed over 500,000 unique addresses, with the Web3 gaming and social community continuing to grow
- The relaunch of Tales of Elleria, a game on the platform, was also highlighted. Several new projects have joined the Arbitrum ecosystem, including Prohibition Art (NFT Platform), OlympusDAO (Bridge), Rentfun.io (NFT Rental), Manta Network (Privacy), Particle Network (Infrastructure), and Parsiq.net (API).
As of May 1, 2023, the platform had $6.15 billion total value locked, 66.45% rollup market share, over 5.8 million users, and saved $1.29 billion in ETH gas fees. Arbitrum One and Nova are powered by Nitro, a proprietary blockchain network-powered technology stack offering 7x more throughput than Ethereum. The upcoming Stylus feature will enable users to deploy programs written in popular programming languages like Rust, C, and C++, alongside existing Solidity dApps on the same Arbitrum blockchain.

Abitrum Price Prediction for the Next 6 Hours

Arbitrum Price for the Next few Hours will be in the range of 1.1 and 1.2

Arbitrum Technical Analysis: May 30th

In the latest bullish run of the global crypto market, almost all the cryptocurrencies rallied. ARB coin price broke above $1.20 and the buyers have been able to hold the ARB coin price above $1.20. Technically ARB has turned neutral in the last few hours.

On the above 4-hour timeframe chart, the immediate support for the ARB coin is around $1.20 while the $1.28 price level is the resistance. From the above chart, the following technical conclusion can be drawn:

The net ARB coin price is trading above both its short-term and long-term moving averages. The short-term moving average which is 50-day MA is around $1.22 and the 200-day MA is $1.158.
As the price is above the 50-day and the 200-day MAs, it is a bullish indication, however, the net ARB price did witness a marginal pullback and the overall momentum has turned neutral.
The Relative Strenght Index of ARB coin confirms the neutral outlook. the RSI is at 51.5 and has been moving sideways. Both buyers and sellers are involved in a tug-of-war to control the overall momentum.
The Fear and Greed indicator bars have fallen within the Fear zone. This is evidence of the reversal in the overall market trend.
The momentum oscillator is however oscillating above 0. The overall momentum is neutral.
On the MACD chart, the MACD line is now retesting the signal line from above. The trading volume is on the decline. The signal is a hold.

The overall outlook for Arbitrum is Neutral. Check out the Crowdwisdom360 momentum indicators below. They are updated twice a day.

ARB Crypto Price Prediction Today

GMT: 01 Jun, 2023 12:41 PM

Overall Outlook	Neutral

1. Market's Wisdom	Neutral
1a. Market Data	Neutral
1b. Technical Recommendation	Neutral

2. Crowd's Wisdom	Partially Bullish
2a. Social Media Buzz	Higher
2b. Social Media Sentiment	Neutral

Arbitrum, Buy or Sell

ARB Crypto Price Prediction: Is ARB a Good Investment?

Arbitrum is an L2 scaling solution that was developed to improve Ethereum’s capabilities i.e., Arbitrum network boosts the speed and scalability of Ethereum smart contracts. Using the Arbitrum platform, developers can run unmodified EVM contracts and ETH transactions on the second layer, without compromising the benefits of the Ethereum layer 1 blockchain.

Simply put, Arbitrum is an optimistic rollup that passes messages between Ethereum’s main chain and Arbitrum’s second-layer chain. Therefore, it improves the efficiency and speed of transactions.

Until now, Arbitrum didn’t have its native token. With the launch of ARB and the DAO governance, Arbitrum is slowly moving towards decentralization. The following is the use case of the ARB token:

ARB token holders can participate in the governance of the platform through voting processes.

Key Features

Arbitrum supports unmodified EVM contracts and transactions, allowing any existing Ethereum DApp to run on Arbitrum without any code changes.
The platform can handle thousands of transactions per second with low fees and fast finality while maintaining security.
Arbitrum allows developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus.
It is decentralized and uses a network of validators who stake ARB tokens and earn fees for securing the network.
Arbitrum has a vibrant ecosystem of DApps, wallets, tools, and partners.

Here are the top 10 Arbitrum dApps based on Unique Active Wallets (UAW) data:

Stargate: Category – DeFi; Balance – $103.13M; UAW – 19.83k; Volume – $17.25M; Activity – +48.87%[Trending Higher]
Uniswap V3: Category – Exchanges; Balance – $284.88M; UAW – 15.97k; Volume – $362.34M; Activity – -24.65%
SushiSwap: Category – Exchanges; Balance – $6.67M; UAW – 6.74k; Volume – $38.21M; Activity – +15.66%[ Trending Higher]
WOOFi: Category – DeFi; Balance – $10.97M; UAW – 6.35k; Volume – $5.37M; Activity – +59.55%
Camelot: Category – Arbitrum Exchanges; Balance – $58.54M; UAW – 5.92k; Volume – $18.54M; Activity – -78.71%
Odos: Category – Exchanges; Balance – $10.8k; UAW – 5.19k; Volume – $4.04M; Activity – -36.51%
1inch Network: Category – DeFi; Balance – $0; UAW – 3.99k; Volume – $24.09M; Activity – -19.72%
GMX: Category – Arbitrum Avalanche Exchanges; Balance – $582.61M; UAW – 2.77k; Volume – $30.66M; Activity – +10.50%
Trader Joe: Category – Exchanges; Balance – $0; UAW – 2.61k; Volume – $3.31M; Activity – +17.28%
Radiant: Category – Arbitrum BNB Chain DeFi; Balance – $267.2M; UAW – 2.37k; Volume – $12.12M; Activity – +18.85%

The Arbitrum token (ARB) is the native token for the Arbitrum Layer 2 solution, and it has many use cases

ARB holders can vote on proposals related to the Arbitrum network’s protocol and development, giving them control over the network’s future direction.
ARB token holders can vote for delegates who represent their interests and goals. These elected delegates will review and vote on the DAO’s proposals, which can impact decisions like revenue allocation, technological upgrades, and other key aspects.
The launch of the ARB token and the transition to a DAO structure is expected to allow the community to drive the future of Arbitrum.

ARB Crypto Price Prediction: Competition Analysis

It is also important to have competitor analysis after carrying out Arbitrum Price Prediction for different years. Here is the comparison:

Arbitrum is a Layer 2 scaling solution for the Ethereum blockchain. Hence, its major competitors in the market are Polygon and Optimism, as described below:

Polygon- Polygon is one of the major L2 blockchain platforms that provide an easy-to-use scaling solution for Ethereum. The platform allows the creation of optimistic rollups, ZK rollups, and stand-alone chains by the developers. MATIC is Polygon’s native token.

Key features of Polygon

Polygon is capable of processing over 7,000 transactions per second (tps), which is significantly higher than the 15-45 tps offered by Ethereum.
Polygon offers significantly lower transaction fees than Ethereum.
It is designed to be compatible with Ethereum, meaning that Ethereum-based dApps can easily be ported over to Polygon. Additionally, Polygon is compatible with other blockchain networks, allowing for cross-chain interoperability.
Polygon is secured by a network of independent validators, who are responsible for verifying transactions and maintaining the integrity of the network.
Polygon has a growing ecosystem of dApps, wallets, and other tools that support its network. This includes partnerships with major blockchain projects such as Aave, Curve, and Polymarket.

Optimism- Optimism is another layer-2 blockchain platform that helps scale the Ethereum network through the use of optimistic rollups. Therefore, it enables trustless transactions on Optimism without compromising the security of Ethereum. OP is the native token of the Optimism blockchain.

Key features of Optimism

Optimism uses a technology called Optimistic Rollups, which can bundle multiple transactions into a single batch and then verify them off-chain. This results in faster and cheaper transactions than those on the Ethereum mainnet.
It can handle up to 2,000 transactions per second.
Optimism is fully compatible with Ethereum, which means that any Ethereum-based application can easily be migrated to the Optimism network without requiring any significant changes.
The platform is governed by a decentralized community, which makes decisions about the protocol’s development and upgrades through a transparent and democratic process.
Optimism uses the Ethereum Virtual Machine (EVM), which means that developers can write and deploy smart contracts on Optimism using the same programming languages and tools as they do on Ethereum.

Thus, as far as the Arbitrum Price Prediction is concerned, ARB appears to be a moderate case for investment.

Arbitrum Price Prediction: Can Arbitrum Reach $100?

To reach $100, Arbitrum will have to rise 61 times. At $100, Arbitrum’s market cap would be $127 Billion. If Arbitrum were to rise at the rate of 25% every year, it would take it 19 years to reach $100. Considering the fact that Arbitrum is a moderate case for Investment, Can Arbitrum reach $100?

Growth required to reach $100 – Not Feasible
Market Cap at $100 – Moderately Feasible
Time required to reach $100 if $ARB were to rise by 25% every year – Not Feasible

It is unlikely Arbitrum will reach $100. However, let us consider a Burn Scenario

At 75% Burn, it would take Arbitrum 12 years to reach $100. This is moderately feasible. Still, a lot of innovations must occur along the way if one expects Arbitrum to reach $100. It is quite difficult at the moment.

ARB Crypto Price Prediction 2023, 2025 and 2030

Arbitrum Price Prediction 2023 is $2.0
Arbitrum Price Prediction 2025 is $5.0
Arbitrum Price Prediction 2030 is $19.2

Where Can I Buy ARB Tokens?

ARB tokens are available to purchase at various crypto exchanges, including:

Binance
KuCoin
Coinbase Exchange
Kraken
Bitfinex
Bithumb
Gate.io
Huobi
OKX
Uniswap
Sushiswap

Arbitrum Price Prediction: Conclusion

Arbitrum is one of the major L2 scaling solutions that has been established well in the industry. Though there are many L2 scaling solutions available in the market, Arbitrum is the first L2 protocol to launch self-executing governance. Thus, with this self-executing governance, Arbitrum is moving towards decentralization.

Therefore, it provides the community with the right to control Arbitrum’s ecosystem. However, ARB tokens do not hold many use cases until now.

Hence, the future of ARB looks bright only if the Arbitrum Foundation increases its real-world utility and ARB’s future performance will also depend on its utility.