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- 1 The Arbitrum token price surged 6.50% in the past 24 hours and was $1.97 at press time.
- 2 The technical indicators suggest a strong outlook at the moment which may further help the price gain more.
Arbitrum crypto price was trading with a positive bias over the past six days. The spot price is hovering above $1.97 with a 24 hour gain of 6.50%. Moreover, the investors are playing aggressive bullish bets around the ARB crypto which has helped the crypto gain in the short term.
Fundamental Overview of Arbitrum
Arbitrum is a layer two scaling solution for Ethereum. It makes use of optimistic roll ups to achieve high speed, and cost efficiency on Ethereum. It allows the developers to deploy any Ethereum DApp on Arbitrum Without any changes in the original code.
The future plans of Arbitrum for this year include: launching its own layer three solution called Orbit, other plans include, enabling developers to deploy programs written in popular programming languages like Rust, C++ and Stylus.
Arbitrum Crypto Price Technical Analysis.
Arbitrum price technical analysis over daily charts showcases strength. The bulls are at the front foot and driving the price trajectory. The price currently trades in the bullish territory and stands at a weekly gain of 33.11%.
The 20 period exponential moving average (EMA) On the daily chart stays below the ARB price after completing a bullish crossover of the 50 day EMA.
Additionally, the Relative Strength Index (RSI) indicator turned north and has entered an overbought zone. The overall indicator sentiments are bullish as per the combined analysis of the technical indicators.
Arbitrum Price Prediction January 2024
The price forecast for January shows the continuation of the bullish bias in the coming sessions. On the most optimistic note, the ARB price may reach a high of $2.486 signifying an upside potential of approx 29.14%. The pessimistic view of analysts assumes the price could drop to a low of $1.459.
Arbitrum Price Prediction 2024
The ARB crypto price exhibits a strong outlook in the long term which may help the price attain higher levels. The most optimistic price analysis signifies an upside potential of 74.30% by the year end.
The ARB crypto may therefore advance to a high of $3.36 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $2.606 by the end of year 2024.
Arbitrum Price Prediction 2025
By the next two years the Arbitrum cryptocurrency price may have surged over 122.19% as per the most optimistic view of analysts. The price could reach a high of $4.37. The pessimistic view hope for the price to reach a high of $3.23.
Arbitrum Price Prediction 2026
On the most optimistic note, Arbitrum crypto could gain to a high of $5.16 in the year 2026. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $4.42.
Arbitrum Price Prediction 2027
By the year 2027, Arbitrum cryptocurrency is expected to reach a high of $6.468 as per the bullish view of analysts. The bearish view of analysts expect the price to reach $5.19 by the end of year 2027.
Arbitrum Price Prediction 2028
The price forecast of the Arbitrum crypto shows that it may reach a high of $7.73 by 2028 if the most optimistic condition prevails. For 2028, the analysts’ lowest forecast for Arbitrum is $6.26.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
