Arbitrum is a Layer 2 scaling solution for Ethereum, designed to speed up transaction speeds and reduce costs while maintaining security. The project processes transactions outside the Ethereum main chain using optimistic rollup technology, with its latest version named Nitro, significantly improving speed and efficiency. Since its mainnet launch in 2021, it has become one of the most popular Layer 2 solutions, locking in total value worth billions. The platform has shown sustained growth and widespread application in the decentralized finance (DeFi) ecosystem.
An article earlier mentioned the collaboration between ARB and ROBINHOOD.
Since the beginning of the year, ARB has maintained a relatively weak performance on a large scale. It is currently in a consolidation structure on a larger scale.
In the live recap of the top 100 cryptocurrencies by market cap, only a spot suggestion of 0.299 was mentioned.
The short-term news has driven up prices, and I believe many people have started to experience FOMO.
My advice is to chase the uptrend but not the peaks.
Upper range 0.42/0.44
Lower range 0.32/0.299