Why investors are interested in Arbitrum (ARB) 😋

Arbitrum is an L2 solution for Ethereum, built on the basis of an optimistic rollup. The project attracted $123.7 million in investments from Tier 1-2 funds. Golden for retro hunters, because in 2023, a reward of $700-1000 was distributed for 4 transactions in the network.

The ARB token has now reached a market capitalization of $3.7 billion (ATH $4.79 billion). Over the month, it has grown by 68.52% to $0.9023 (ATH $2.40).

📊 RSI 4H showed a possible correction, which has already happened and is close to completion. If it manages to consolidate in the ascending channel, the next target for the coin is $1.06 and $1.25.

Analysts expect the rate to reach $2.10, due to the great benefit of Arbitrum in the Ethereum ecosystem. The capitalization of $3.7 billion is too small for them, and the long-term goal is $8.

Conclusion. One of the best L2 blockchains used by millions of people. Many people collect portfolios and prefer ARB to OP.

The project has not yet fully revealed itself and can show itself during the altseason 🤑

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