Arb below 1$

[JeffBrad12]

I wouldn’t buy ARB simply because it has no real utility. It’s just another governance token and settles TXs with ETH.  What I’m really interested in are the projects built ON Arbitrum.

quite the opposite i invested in arbitrum for the sake of it being L2 meaning it has real utility and real problem to solve that is to avoid the high gas fee of ethereum in general.
its because of this that arbitrum is quite popular, the reason for the downtrend that arbitrum currently has is the fact that there probably many airdrops receiver still dumping their coins into the market but
eventually this will gets solved, moreover the projects on arbitrum generally aren't that interesting anyway, most of them are meme coins, most of the good projects are definitely still in ethereum.

[libert19]

I wouldn’t buy ARB simply because it has no real utility. It’s just another governance token and settles TXs with ETH.  What I’m really interested in are the projects built ON Arbitrum.

quite the opposite i invested in arbitrum for the sake of it being L2 meaning it has real utility and real problem to solve that is to avoid the high gas fee of ethereum in general.
its because of this that arbitrum is quite popular, the reason for the downtrend that arbitrum currently has is the fact that there probably many airdrops receiver still dumping their coins into the market but
eventually this will gets solved,

Launching l2 to provide lower gas fee is no utility imo, there are already number of evm chains who provide cheap transactions, polygon and optimism are also relatively cheaper compared to arbitrum

moreover the projects on arbitrum generally aren't that interesting anyway, most of them are meme coins, most of the good projects are definitely still in ethereum.

Most dapps I come across — if they are on ethereum, they are also on arbitrum.

[Mehedi72]

Arb seems a potential altcoin which is still strong with its position. Arb community must has strength, so that they are establishing a altcoin even during bear is controlling the market. They spend lot of money for airdrop and promotional purpose and  already unlocked many facilities like try to solve real problem, development their own blockchain with low transaction fee and enter layer 2 altcoins galaxy. Price may down now but i hope, It'll be proved as a great altcoin in upcoming days. So holding arb is good decision, in my point of view

[JeffBrad12]

Arb seems a potential altcoin which is still strong with its position. Arb community must has strength, so that they are establishing a altcoin even during bear is controlling the market. They spend lot of money for airdrop and promotional purpose and  already unlocked many facilities like try to solve real problem, development their own blockchain with low transaction fee and enter layer 2 altcoins galaxy. Price may down now but i hope, It'll be proved as a great altcoin in upcoming days. So holding arb is good decision, in my point of view

it seems like their ecosystem aren't as active when compared to their initial listing where quite literally everyone is flocking into the ecosystem, also the meme coins trend in their blockchain also fading.
I guess thats the reason it has went downhill ever since, I think its the same case with other L2 coins like optimism too, added with the fact that even sui and sei also having similar fall in prices.
It seemed like these coins being invested by big venture capital doesn't guarantee the fact that it might be overly valued by many people just because they have partnership and have hard time building their
value even retaining it. thats why they are now having many corrections one after another.

but I think it might still have another chance of bullrun when the season is changing into bullish.

[libert19]

Bruh, I had been thinking to convert my airdrop since price was hovering above $1.3, kept procrastinating and now it has dumped this bad.

[onecall123]

Arbitrum has seen a notable decrease in its network usage metrics, causing concern among investors and traders.
The price of ARB has dropped to a new low, but the future of Arbitrum appears bright as an increasing number of developers and users are embracing it. Thus despite this decline, I plan to hold onto my Arbitrum coins for the long term.

[shinratensei_]

Bruh, I had been thinking to convert my airdrop since price was hovering above $1.3, kept procrastinating and now it has dumped this bad.

thats the thing with altcoin, the more you hold the more it will lose its price unless you are patient enough to wait until next bullrun even then
there are no guarantee that it will rise in the next bullrun meaning the procrastination costs a lot of money.
i myself also holds some arbitrum and still haven't liquidated till this day, i don't know whether i should regret, after all i got the airdrop for free.
on the other hand, i'm losing potential money.

[libert19]

Bruh, I had been thinking to convert my airdrop since price was hovering above $1.3, kept procrastinating and now it has dumped this bad.

thats the thing with altcoin, the more you hold the more it will lose its price unless you are patient enough to wait until next bullrun even then
there are no guarantee that it will rise in the next bullrun meaning the procrastination costs a lot of money.

Well, I said procrastination but it was just fear and greed. What if I sell and it rises?

i myself also holds some arbitrum and still haven't liquidated till this day, i don't know whether i should regret, after all i got the airdrop for free.
on the other hand, i'm losing potential money.

I have decided to hold now, whatever happens, happens. Early sellers sold at $5-$7 per arb, this is also the reason I refused to sell at $1.3 mark  . And now that I think about it, had I sold around that mark, I'd have increased my arb portfolio by purchasing back in current dump, I know it's easier said than done but still.

Arb is good coin, highest TPS amongst layer 2 ATM, we'll likely see $10+ for it. Hopefully, I'll sell it this time instead of succumbing to fear and greed.

[AbuBhakar]

Arbitrum has seen a notable decrease in its network usage metrics, causing concern among investors and traders.
The price of ARB has dropped to a new low, but the future of Arbitrum appears bright as an increasing number of developers and users are embracing it. Thus despite this decline, I plan to hold onto my Arbitrum coins for the long term.

This due to the increasing competition for side chain. Also Arbitrum is less hype anymore since Airdrop is already over. An L2 project like this usually become popular from investors due to the potential airdrop. Now that airdrop was release then there’s nothing to look forward here since there’s a lot of new L2 project that offers airdrop possibilities with almost same or improved version of Arbitrum.

Optimism is one of the great competitor of this project which is now performing well since its an early project which many loyal investors established already their holdings in there.

[abel1337]

Bruh, I had been thinking to convert my airdrop since price was hovering above $1.3, kept procrastinating and now it has dumped this bad.

thats the thing with altcoin, the more you hold the more it will lose its price unless you are patient enough to wait until next bullrun even then
there are no guarantee that it will rise in the next bullrun meaning the procrastination costs a lot of money.
i myself also holds some arbitrum and still haven't liquidated till this day, i don't know whether i should regret, after all i got the airdrop for free.
on the other hand, i'm losing potential money.

Well let's see in the upcoming bull market if ARB thrives. I have a friend who qualified and got his ARB from airdrop but he rushed sold his airdrop tokens, he told me that he like the project but the decision he made by selling his ARB is to try to buy ARB in it's lowest price. Today he told me he still accumulates ARB using the funds he got from selling his airdrop ARB. I myself is also accumulating ARB so we all gonna be disappointed if this project drop dead during the bull market. After all we invest for long term, let's see.

[tokeweed]

^  Lol what are you even saying?  Arbitrum has one of the highest TVL's out there and it's prolly top 5 with L1's included and it has the highest TVL if only compared to all L2's that are out there right now.  So saying that it would drop dead would be kinda, for a lack of a better word, dumb imho.  So if you're accumulating now, I'm pretty sure it will def pay off.

Oh...  And the Arbitrum Foundation just announced they'll be having another round of Odyssey again.  It's going to last for 7 weeks and I think it will involve 13 projects.  They prolly have an anti bot measure in place?

[poodle63]

Arbitrum has seen a notable decrease in its network usage metrics, causing concern among investors and traders.
The price of ARB has dropped to a new low, but the future of Arbitrum appears bright as an increasing number of developers and users are embracing it. Thus despite this decline, I plan to hold onto my Arbitrum coins for the long term.

I guess its mainly because of the lack emerging meme coin nowadays, quite literally the trend has ended, but it also means that the fee required will be cheaper since considering when meme coin in arbitrum was still massive the fee was also massive too making L2 somewhat pointless, now L2 truly serves its main purpose in which i greatly favour.
i'm pretty sure that in the next bullrun arbitrum could be as big as polygon and the other, these L2 are simply good for being alternative of using ethereum main blockchain because it could save a lot of money meanwhile i don't think ethereum could ever solve their problem after all ethereum high gas fee not because too much transactions but because ethereum price already too high.

[tvplus006]

...Oh...  And the Arbitrum Foundation just announced they'll be having another round of Odyssey again.  It's going to last for 7 weeks and I think it will involve 13 projects.  They prolly have an anti bot measure in place?

Yes, the Arbitrum team has already presented all 13 projects that will be involved in the "Arbitrum Odyssey": https://arbitrumfoundation.medium.com/arbitrum-odyssey-reignited-a98f627d42ef At the same time, the team informed that participants should not count on airdrop, as the reward for this quest will be various NFT. Nevertheless, we will still hope for airdrop)

[JahriMeayer]

Apart from all those losses you faced, at least you still have net profit. That sounds refreshing to me and arb sounds wise choice. I checked arb chart, arb wasn’t available below 1$ for last 6 months even since it listed on exchanges but from last 2 months it start dumping as market situation. Still offering estimate 85cent which is good price in bear market. And its already trusted as well as popular among all Layer 2 (L2) which has real utility and problem solving ability in long run. So it wise to buy arb again if you would like to go for it among others altcoins

[JeffBrad12]

Bruh, I had been thinking to convert my airdrop since price was hovering above $1.3, kept procrastinating and now it has dumped this bad.

can actually vouch that many did exactly this, so many people procrastinating thinking its okay dumping airdrop later because its good project but alas this project just dumped really bad.
i don't know whats up with these L2 project but they seemed to just outright losing value after some listing.
maybe because they have too much airdrop distributed and the market demand couldn't contain it. therefore the dumping.
or maybe the project isn't actually that good?, i don't know.

[libert19]

i don't know whats up with these L2 project but they seemed to just outright losing value after some listing.
maybe because they have too much airdrop distributed and the market demand couldn't contain it. therefore the dumping.
or maybe the project isn't actually that good?, i don't know.

I don't think arb is bad project, even if I did sell, I would have done so only to increase my holdings by purchasing at lower price later. I am sure arb will rebound to great heights in proper market conditions.

[Nazmul012]

Sad what happened with you. Next time more careful about wallet phase but you also earn good amount from airdrop and thats huge. Arb Concept suppose to be quite good and it still has a lot of space to raise up. I found this coin potential among new launched coins and So you can still buy this coin,  1$ seems good to buy. But i suggest not to investment full capital. Keep some for your need as you already mentioned you took loan for need of money

[God bless u]

i don't know whats up with these L2 project but they seemed to just outright losing value after some listing.
maybe because they have too much airdrop distributed and the market demand couldn't contain it. therefore the dumping.
or maybe the project isn't actually that good?, i don't know.

I don't think arb is bad project, even if I did sell, I would have done so only to increase my holdings by purchasing at lower price later. I am sure arb will rebound to great heights in proper market conditions.

Arb and OP both are very good project. we could see the transaction volume of both projects which is still very good and somehow competitive with Ethereum. price below 1$ was good entry. I think Arb will pump to 2$ minimum. Arb is on my list of top 10 coins for long term

it's true that all biggest projects before airdrop distribution attract more investors. we see ATH transaction because people thinks that they will get airdrop if they use their network and this is the reason people transact more to qualify for airdrop. airdrop is not reason of losing value. airdrop will attract many users and they use airdrop token for providing liquidity, staking and voting.

[Dunamisx]

Sad what happened with you. Next time more careful about wallet phase but you also earn good amount from airdrop and thats huge. Arb Concept suppose to be quite good and it still has a lot of space to raise up. I found this coin potential among new launched coins and So you can still buy this coin,  1$ seems good to buy. But i suggest not to investment full capital. Keep some for your need as you already mentioned you took loan for need of money

The question that should first come in mind is that why the loan and on what ground is this taken, you cannot want to make an investment in altcoins and go after taking loan, because that alone is more dangerous than the Investment your taking the risk on, there's no doubt that any currency can rise and just as we can believe this should also be thesame way we should have in believing their fall anytime.

[vs2014]

Sad what happened with you. Next time more careful about wallet phase but you also earn good amount from airdrop and thats huge. Arb Concept suppose to be quite good and it still has a lot of space to raise up. I found this coin potential among new launched coins and So you can still buy this coin,  1$ seems good to buy. But i suggest not to investment full capital. Keep some for your need as you already mentioned you took loan for need of money

Borrowing to invest in crypto? Really stupid because this business is an uncertain success. If your investment is not for the best time then you can lose big money and even have to sell other assets to pay off your loan. arb is almost the best token to invest but I want to invest with my own deposit and not resort to any kind of loan. Moreover arb is best list token so your money will be safe and you can get good profit in bull market.