Is the moment of ARB's explosion or collapse approaching?! 🤔💣📉
Arbitrum (ARB) is currently trading at $0.303 after a sharp decline of over 85% from its all-time high. Despite this, the network shows technical movements that could lead to a surprise soon.
🧠 The upcoming update "ArbOS 31 – Bianca" is currently being voted on, and it includes support for C++ and Rust languages through Stylus, along with security features like Passkeys and the Nova system to reduce Layer 2 fees.
🎮 The network has also launched a fund of 225 million ARB to support Web3 game development, in addition to a Staking program with yields ranging from 7.8% to 78%!
But... the picture is not without concern: huge token slots (92.6 million ARB per month) are putting pressure on the price, and network activity is showing a noticeable slowdown.
📊 Despite the strong initiatives, the project suffers from fluctuating investor confidence, especially with ongoing disputes within the DAO regarding incentive distribution and the timing of token releases.
Do these movements mean we are on the verge of a bullish reversal? Or will the selling pressure thwart any attempts?
