Can $ARB still bottom out?
1. Arbitrum is an Ethereum scaling solution that uses Optimistic Rollup to make transactions faster and cheaper when users interact with web3 dApps.
2. There are currently two chains: Arbitrum One, which focuses on major applications, mainly DeFi protocols; and Arbitrum Nova, which trades lower fees for weaker trust settings, catering to the needs of high-capacity applications like gaming.
3. The project consists of Arbitrum Nitro (underlying technology), Arbitrum Rollup (ordering and batching transactions, inheriting Ethereum's security), and Arbitrum AnyTrust (a Nitro variant that offers lower costs and faster withdrawals with weaker trust; Nova uses it).
ARB soared 40% in a week, and Arbitrum may collaborate with Arbitrum to establish a blockchain platform that allows European investors to trade US stocks. Monitoring has detected multiple large holders offloading, and it may be an opportunity to short with a small position.
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