Growth Potential for ARB 🚀
I tie its growth to $ETH, as Arbitrum is an L2 scaling solution for Ethereum that reduces fees and speeds up transactions.
📈 I see a potential of $ETH in this cycle at a minimum of $8000 (that's +86.45% from current levels).
👉 Even if the altseason doesn't start (which I doubt), I estimate the growth potential of $ARB at a minimum of +120% from the current levels, as it is moving faster than $ETH.
📊 Judging even by this correction:
— ETH fell by 15.3%
— ARB fell by 19.06%
Today in growth:
— ETH +6.58%
— ARB +9.54%
This means $ARB shows movement about 1.5 times stronger than $ETH.
⚡️ Additionally:
— Arbitrum holds ~50% of the entire L2 market, ahead of competitors (Optimism, zkSync, StarkNet)
— It is currently attracting attention from large funds and institutional investors
— From a technical analysis perspective, the nearest local resistance is only at $0.95, which opens up space for further movement
This is personally my opinion and calculation. Let's see how it plays out 😉
