X

Abigail from Tucson

Signed up at Inmerion Casino 22 minutes ago.

» Try Inmerion Casino too
Do not show again

Arbitrum (ARB) has advanced more than 10% in the last twenty-four hours, rising from $1.11 to a high of $1.27. The current price of ARB stands at $1.20, and for now, bulls continue to control the price movement.

But where is the price of Arbitrum (ARB) going next, and what can we expect from the second quarter of 2023?

Today, the Crypto Lists site will discuss Arbitrum (ARB) price estimates from a technical and fundamental analysis perspective.

Please note that there are also many other factors to consider when entering a position, such as your time horizon, willingness to risk, and how much margin you have if trading with leverage.

Faster speed at a much lower cost

Arbitrum is an Ethereum layer-two (L2) scaling solution that provides faster speeds at a significantly lower cost, with the same level of security as Ethereum. While Ethereum manages a mere 14 transactions per second, Arbitrum races ahead at 40,000 transactions per second. Transactions cost several dollars to complete on Ethereum, while they cost about two cents on Arbitrum.

Arbitrum uses optimistic rollups to achieve its goal of improving speed, scalability, and cost-efficiency while it derives its security from the Ethereum network, which provides consensus and finality for Arbitrum transactions. In other words, Ethereum guarantees the validity of the rollup’s off-chain computation and data availability behind the computation.

Arbitrum supports unmodified EVM contracts, and it allows developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus, its upcoming EVM+ equivalence feature. Arbitrum’s native token is called ARB, and this token allows ARB holders to vote on proposals that affect the features, protocol upgrades, and funds allocation.

Rating: 9.5/10
Supply: 1,275,000,000
Release date: March 23, 2023

Description: Buy Arbitrum and get in before the next bull run!

Risk warning: The crypto market is volatile. Don’t risk more money than you can afford to loose.


ARB does not work as a gas fee token, and the fees on Arbitrum are paid in ETH or any other ERC-20 token supported by DApps. This means that ARB holders do not need to spend their tokens to use Arbitrum services but rather can stake them and earn fees for securing the network.

The total supply of ARB is fixed at 10 billion tokens, and investors can purchase ARB tokens on many popular crypto exchanges like Binance, Poloniex, OKX, and KuCoin. And, Coinbase too.

The price of this cryptocurrency is advancing this week, and investors should keep in mind that Arbitrum is a very promising project, and the price of ARB could be supported in the future. The team of Arbitrum reported:

“Arbitrum has an ambitious roadmap for 2023, which includes: Launching its own layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One.”

Investors should take defensive approach in Q2

Arbitrum currently has nearly four million users with a vibrant ecosystem of DApps, wallets, tools, and partners that make it one of the leading scaling solutions for Ethereum. If the popularity of this project continues to grow, the price of ARB could increase above the current levels; still, investors should consider that if the price of Bitcoin falls again below the $25000 support, that will negatively influence ARB.

Investors should continue to take a defensive investment approach in the second quarter of 2023 amid expectations of “some market turbulence” from looming recession concerns and macro uncertainty. There are fears that the U.S. central bank will keep interest rates at restrictive levels for a longer period, and many analysts expect a global recession that could hit financial markets again.

According to the World Bank, global growth this year is expected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia’s invasion of Ukraine. George Saravelos, global head of foreign-exchange research at Deutsche Bank AG, added:

“The overall message for 2023 seems clear: central banks will push back on higher risky assets until the labor market starts to turn.”

At the same time, the U.S.-based regulators continue to pressure crypto firms, and the United States Commodity Futures Trading Commission (CFTC) presented a lawsuit against Binance and its CEO Changpeng Zhao this week. The lawsuit alleges that Binance offered derivatives to U.S. customers without a license which spooked investors again.

Technical analysis for Arbitrum (ARB)

Arbitrum (ARB) has advanced more than 10% since March 28, 2023, rising from $1.11 to a high of $1.27. Despite the current correction, bulls still control the price movement, and as long the price of ARB is above $1.18, we can’t talk about a trend reversal.

Technical analysis for Arbitrum (ARB)

Important support & resistance levels for Arbitrum (ARB)

Important support & resistance levels for Arbitrum (ARB)

On this chart (the period from March 24, 2023), I marked important support and resistance levels that can help traders to understand where the price could move. According to technical analysis, bulls control the price movement of ARB for now, and if the price advances above $1.3, the next target could be resistance that stands at $1.4.

The important support level is $1.15, and if the price breaks this level, it would be a “SELL” signal, and we have the open way to $1.10. If the price drops below $1.10, which represents very strong support, the next target could be located around $1 or even below.

What speaks for the rise in the Arbitrum (ARB) price

The amount of ARB traded over the last twenty-four hours saw a significant increase, and if the price advances above $1.3, the next target could be resistance at $1.4. Traders are buying ARB despite the expectations of “some market turbulence,” and according to the technical picture, ARB still has room for the upside.

Traders should also consider that the price of ARB is correlated with Bitcoin, and if the price of Bitcoin jumps above $30,000, we can see this cryptocurrency at a higher price level than the current price.

What indicates the downfall of Arbitrum (ARB)

The price of Arbitrum (ARB) is currently trading above $1.20, but a break below the $1.18 level would indicate that ARB could probably test the important support level that stands at $1.15.

The highly volatile nature of the cryptocurrencies may scare investors again to sell ARB if some negative news happens in the cryptocurrency market, like a bank with large crypto exposure collapsing or a prominent crypto firm going bankrupt.

Investors should also consider that as long as the U.S. economy is not in a recession, the prices of Arbitrum (ARB) and other cryptocurrencies could be supported.

What do analysts and experts say?

Arbitrum (ARB) is advancing this trading week, but investors should keep in mind that the macroeconomic landscape remains uncertain. Major central banks continue with an aggressive stance to fight inflation by raising interest rates, and risk-on assets such as cryptocurrencies could suffer again in such conditions.

The U.S. stock market could experience losses over the coming months, and investors should consider that the crypto market displayed a high correlation with U.S. equities.

Many analysts are warning that Fed will hold interest rates at restrictive levels for longer, and according to IBES data from Refinitiv, analysts now expect S&P 500 earnings to fall more than 3% in the second quarter compared to their year-ago periods. The federal funds rate is now in a range of 4.75% to 5%; there’s a general expectation of a contraction in the economy, and it will impact corporate earnings and financial markets.

Ki Young Ju, the CEO of the cryptocurrency analytical service CryptoQuant.com, said that macro risks and contagion still prevail in the crypto industry, and the rising risks of further liquidations, bankruptcies, etc., could lead again to a spike in selling pressure.

Disclaimer: Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to lose. The information on this site is presented for educational purposes only and should not be construed as investment or financial advice.

by Our Certified Author
Arbitrum Newsflash
    Experience authentic decentralized casino fun on Star Bets!Experience authentic decentralized casino fun on Star Bets!
    Tuesday, 30 Jan 2024 1:33 pm
    If you want a genuine decentralized casino that comes without country restrictions, allows you to sign up using a wallet and no proper KYC requirements, plus has its own token - then we've got just the site for you. Welcome to Star Bets (read more), an incredible site with the privacy and Web3 player at the forefront of its decentralized mind! That's right. Of course, fiat fans won't feel too much at home here since cards and e-wallets aren't accepted as deposit methods here as it's all about crypto! Don't forget to claim your free registration bonus of 100 Free Spins on Wild West Duels using CODE: CL100FS. It's a Crypto Lists exclusive that you'll only trigger if you sign up here. What are you waiting for?...
    Read the full newsflash


    Starbets: a decentralized casino with a unique rewards tokenStarbets: a decentralized casino with a unique rewards token
    Monday, 15 Jan 2024 12:05 pm
    Have you been looking for a genuine decentralized casino where you can benefit from the site's success by holding their native coin? If so, we've got something in store for you. Star Bets (read more) has a few standout features, but one probably stands out more than the rest. The crypto gambling site offers a unique and exciting opportunity for players: every time you place a bet, you get the chance to mine the casino's exclusive STAR Token. This innovative addition not only enhances your experience but also opens up a new avenue for generating passive income, adding an extra layer of reward to each bet. Awesome, right? Try it today and get an exclusive set of 100 free spins by using the code CL100FS. Reach out to us via live chat...
    Read the full newsflash


    Get referral rewards today on Star Bets decentralized casinoGet referral rewards today on Star Bets decentralized casino
    Thursday, 1 Jun 2023 9:52 am
    Star Bets (review) is a decentralized casino that we think represents some of the best things about the niche. Something that we think is really cool is the referral program. Registered players can share a referral link with friends and get 0.1% of every bet they make plus some added extras too. What are they you ask? Well, you also get up to 5% of their mined STAR tokens, which enable players to participate in the platform's success and enjoy consistent rewards. And, in the future they might be tradable too! If playing in a genuine decentralized casino sounds good then try Star Bets and start earning rewards right away...
    Read the full newsflash


    Starbets Casino reaches 519 029 USDT in dividendsStarbets Casino reaches 519 029 USDT in dividends
    Monday, 17 Apr 2023 11:37 am
    The amazing dividend system on Starbets (see review) is reaching over 99 121 USDT or more than 3.2 BTC. The total amount available is 519 029 USDT, that's up for grabs for frequent players. Are you one of them? If not, sign-up for Starbets and be part of the...
    Read the full newsflash


    Join the Arbitrum train with the newly launched ARB coin!Join the Arbitrum train with the newly launched ARB coin!
    Thursday, 23 Mar 2023 1:24 pm
    Today's a big day in the crypto space, around lunchtime GMT the much-anticipated Arbitrum (ARB) landed on several exchanges as part of its airdrop. In one of the most hyped launches in quite some time, the highly promising network is set to generate some big buzz and make some big waves in the altcoin market. Some online analysts say it could be the next alt to go super high in the next bull market. Either way, it's certainly going to be interesting. Go to KuCoin now!

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
  • Gorilla logo
     Gorilla
    ETHEREUM-TOKEN
  • Dynasty Wars logo
     Dynasty Wars
    SOLANA-TOKEN
  • Kaspa logo
     Kaspa
    NATIVE-COIN
  • IOTA logo
     IOTA
    NATIVE-COIN
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top