Arbitrum is making headlines and is also one of the conversations sparking topics in the cryptocurrency communities right now.
Many crypto enthusiasts are excited about the Arbitrum token debut.
But, have you ever thought or tried to predict the potential price of this token?
If you’re a lover of this leading layer 2 blockchain, whether or not you’re eligible for the token airdrop, Arbitrum crypto price prediction is what you should take a look at.
Knowing the potential price will help you to make an informed investment decision or have a glimpse into the worth of your airdropped tokens (if you’re eligible).
That’s what we’ll be discussing in this article.
You’ll also be learning more about the Arbitrum blockchain, but before then, let’s deal with the Arbitrum price prediction.
Shall we? Let’s go!
Arbitrum Crypto Price Prediction
Looking at the overall market trends, it is safe to say that the cryptocurrency market is currently experiencing a bullish phase.
Bitcoin has surged over the past weeks, and many altcoins are also seeing significant gains.
This positive market sentiment is likely to have a positive impact on Arbitrum’s price as well.
But, that shouldn’t determine our prediction, right?
So, let’s break it down.
Firstly, we need to take a look at the total supply of the token.
The total supply is 10 Billion tokens – of which 11.62% (1.162 Billion) will be released into circulation via airdrop.
This implies that the ARB token circulating supply would immediately be 1.162 Billion at launch.
So, considering the huge amount of tokens in circulation, how do we arrive at a measurable Arbitrum price prediction?
Let’s first take a look at the TVL (Total Value Locked) of the Arbitrum ecosystem.
According to Defillama, Arbitrum TVL, as of this time, is $1.76b.
This shows that there are many projects built on the Arbitrum blockchain.
However, using a similar layer 2 chain that also airdropped tokens to active users a few months ago, Optimism.
Coinmarketcap data shows that Optimism reached a market cap of $1.1B at ATH (All Time High), and a circulating supply of 300k+ OP tokens with a token price of $4.57 and $1b+ TVL (Total Value Locked).
Considering this data from a similar L2 solution, Arbitrum price prediction should be in a range of $1 – $2 (ATH) with a market capitalization of 1 – 2 billion dollars.
In the short term, we can expect Arbitrum’s token price to continue to experience volatility.
However, as the adoption of layer-2 solutions for Ethereum increases, the Arbitrum token is poised to appreciate in the long run.
It is important to note that these predictions are not guaranteed and are subject to change based on market conditions and other factors.
Arbitrum Crypto Price
Arbitrum TVL (Total Value Locked) is currently worth $1.76b.
However, while there’s no price for the Arbitrum token currently, it is reasonable to expect the ARB token to be worth 1 – 2 dollars at launch.
What Is Arbitrum?
Arbitrum is a layer 2 scaling solution for Ethereum that enables fast, cheap, and scalable transactions.
It is an Ethereum Virtual Machine (EVM) compatible sidechain token that offers users the ability to interact with smart contracts on Ethereum without paying high transaction fees or waiting for long confirmation times.
Arbitrum is built using Optimistic Rollups technology, which is a type of scaling solution that aggregates multiple transactions into a single transaction, thereby increasing throughput while reducing transaction costs.
Unlike other layer 2 solutions, Arbitrum does not require any significant changes to the Ethereum protocol, making it easier for developers to adopt.
The Arbitrum blockchain is secured by a network of validators who verify transactions and maintain the integrity of the network.
Validators are incentivized to act honestly by receiving rewards for their work, and they can be penalized for malicious behavior.
One of the key features of Arbitrum is its compatibility with Ethereum’s smart contract language, Solidity.
This means that developers can easily port their existing Ethereum smart contracts to the Arbitrum blockchain and take advantage of its fast and cheap transaction processing capabilities.
Arbitrum also offers users the ability to move assets between Ethereum and Arbitrum through a process called bridging.
This allows users to take advantage of Arbitrum’s fast and cheap transactions while still being able to access the wider Ethereum ecosystem.
How To Buy Arbitrum
To buy Arbitrum token when it eventually launches, secure your a lot by researching the list of crypto exchange platforms that will be listing ARB tokens immediately after launch.
Then choose your preferred platform and fund your wallet using any of the available payment methods In the platform.
However, you can register on the Bybit exchange, as it provides a relatively low trading fee and an amazing user experience.
While this Arbitrum crypto price prediction might not be accurate, it’s notable to note that the Arbitrum blockchain has gained ground in the blockchain industry and many developers are building on it.
Hence, the expected price and market capitalization should be worthwhile.
However, this analysis shouldn’t be construed as investment advice, always do your due diligence.