Arbitrum Price Prediction 2023-2030: Can Arbitrum reach $100?
Latest Arbitrum Price
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||61.9%||Higher|
Article Coverage: Latest Performance Statistics, Arbitrum Price Prediction Today, ARB Price Prediction 2023-2030, Can Arbitrum reach $100? Is Arbitrum a Good Investment?
Arbitrum Price Performance so far
- Last 7 days: -9.3%
- Last 1 Month: -0.2%
- Since Launch (2023): -93.2%
Arbitrum Performance Statistics And Latest News
- Transactions: 388.7M [Rising]
- Total Active Accounts: 10.5M
- TVL: $1.67B [Steady]
- Last 7 days change: -4.8%
- Last 1-month change: +0.6%
- Sales (30 Days): $1.1M [Declining]
- Last 7 days change: +40.7%
- Last 1-month change: -84.2%
- Arbitrum has finalized its $40 million short-term incentive program, benefiting 29 projects. GMX emerged as the top recipient, receiving 12 million ARB tokens worth $15 million.
- PeckShield reports that the multichain stableswap protocol Beluga was exploited on Arbitrum, resulting in a loss of 113 ETH, approximately $238,300. As of now, the source of the exploit remains unidentified. The protocol has fallen victim to a series of cyberattacks targeting decentralized finance projects.
Arbitrum, Buy or Sell Poll
Net Buy Rating%= Buy%-Sell%
- July 4th:+38%
- Aug 7th:+33.3%
- September 16th: +33.2%
- October 5th: +32.5%
- October 14th: +35.7%
Arbitrum Price Prediction Today, Tomorrow and Week
- Arbitrum Price Prediction in the next 24 hours is between $1.01 and $1.02
- Arbitrum Price Prediction this week is between $0.988 and $1.05
|1. Market's Wisdom||Partially Bullish|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Partially Bullish|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Higher|
ARB Crypto Price Prediction 2023, 2025 and 2030, Aggregated
- Arbitrum Price Prediction 2023 is $1.22
- Arbitrum Price Prediction 2025 is $4.37
- Arbitrum Price Prediction 2030 is $18.3
Can Arbitrum Reach $100?
To reach $100, Arbitrum would need to increase by a factor of 114. 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 21 years to reach $100. Let us evaluate this data
- Quality of Investment – Poor
- Growth required to reach $100 – Feasible
- Market Cap at $100 – Moderately Feasible
- Time required to reach $100 if $ARB were to rise by 25% every year – Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, Arbitrum has moderate chances of reaching $100.
Arbitrum 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.
- 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.
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.
Thus, as far as the Arbitrum Price Prediction is concerned, ARB appears to be a Poor case for investment
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.
ARB Crypto Price Prediction: Where Can I Buy ARB Tokens?
ARB tokens are available to purchase at various crypto exchanges, including:
- Coinbase Exchange
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.
Also Read: Tamadoge Price Prediction
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.