Arbitrum Token Initial Price Speculation

[WalkerIVIV]

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

though the ecosystem was very active, it only full of shitcoins, hopefully though it will have some good quality projects like back in its early days and could compete even against ethereum.
but arbitrum overall i can see this growing significantly but just one thing, i wonder why the market capitalisation was still relatively low.

[1714972984]

1714972984

[1714972984]

1714972984

[dansus021]

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

A typical coin of layer 2 coin maybe gonna rose but we don't know for sure because its like SUI and pretty much a baby coin especially after giving dozen ton of airdrop maybe the sell pressure pretty much high in couple of weeks unless bitcoin can break above 30K level and other coin including ARB can rose too

But as we can see here the volume is down  and the price is plumetting although the coin is pretty new I can say much

[Desscount]

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

though the ecosystem was very active, it only full of shitcoins, hopefully though it will have some good quality projects like back in its early days and could compete even against ethereum.
but arbitrum overall i can see this growing significantly but just one thing, i wonder why the market capitalisation was still relatively low.

Yes, speaking as a whole, I think we need to appreciate Arbitrum,
related to that I hope there will be a new strategy to increase capitalization,
the most important thing is to continue to follow its development and we'll see.

[GreatArkansas]

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

A typical coin of layer 2 coin maybe gonna rose but we don't know for sure because its like SUI and pretty much a baby coin especially after giving dozen ton of airdrop maybe the sell pressure pretty much high in couple of weeks unless bitcoin can break above 30K level and other coin including ARB can rose too

But as we can see here the volume is down  and the price is plumetting although the coin is pretty new I can say much
https://s3.tradingview.com/snapshots/u/UzciM3f7.png

Most of the altcoins right now are bleeding, especially layer-2 tokens. The one that recently pumped was DeFi coins which are not really too much.
I can say now is altcoins now will move as 1, with no excuses or no exemptions as Bitcoin starting to dominate (see Bitcoin dominance).

Since I also own Arbitrum tokens, my ideal buy zone also if we will fall below $1. For long term, Arbitrum is my player also.

[dansus021]

Since I also own Arbitrum tokens, my ideal buy zone also if we will fall below $1. For long term, Arbitrum is my player also.

Yes you have a good eye  In my opinion the best price range is between ~0.95-1$ for now  and if the price go down we can continue to Average down using Dollar Cost averaging and the good thing this is a layer 2 coin meaning if we dont have money to buy more we can stake it and watch it grow 

[tokeweed]

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

A typical coin of layer 2 coin maybe gonna rose but we don't know for sure because its like SUI and pretty much a baby coin especially after giving dozen ton of airdrop maybe the sell pressure pretty much high in couple of weeks unless bitcoin can break above 30K level and other coin including ARB can rose too

But as we can see here the volume is down  and the price is plumetting although the coin is pretty new I can say much

We can't really compare ARB with SUI, could we?  I mean judging from the growing TVL and the increasing transaction volume in Arbitrum, I think it could reach 10 billion market cap and even outpace the likes MATIC and ADA in a fully fledging bull market.  ARB could basically be a leveraged bet for Ethereum and many projects in ETH L1 will later have to have a go to L2 and Arbitrum would be their best option since it has the highest TVL, activity and volume.

But if you guys think I'm wrong then what's the best ETH L2?  :/

[JeffBrad12]

I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.

though the ecosystem was very active, it only full of shitcoins, hopefully though it will have some good quality projects like back in its early days and could compete even against ethereum.
but arbitrum overall i can see this growing significantly but just one thing, i wonder why the market capitalisation was still relatively low.

Yes, speaking as a whole, I think we need to appreciate Arbitrum,
related to that I hope there will be a new strategy to increase capitalization,
the most important thing is to continue to follow its development and we'll see.

I think current capitalisation of arbitrum is what these second layer blockchain actually deserve, after all, they are not L1 like any other out there that got high ranks.
the thing with these L2 as their name implies they only become alternative for ethereum because of gas fee thus their implementation of using ethereum for paying the gas fee so that
ethereum users could easily migrate over to the alternative blockchain to avoid the high gas fee but still it's only alternative.
thats why many just don't think L2 might worth that much but regardless the growth of these L2 has been massive.

[ioseta]

We can't really compare ARB with SUI, could we?  I mean judging from the growing TVL and the increasing transaction volume in Arbitrum, I think it could reach 10 billion market cap and even outpace the likes MATIC and ADA in a fully fledging bull market.  ARB could basically be a leveraged bet for Ethereum and many projects in ETH L1 will later have to have a go to L2 and Arbitrum would be their best option since it has the highest TVL, activity and volume.

But if you guys think I'm wrong then what's the best ETH L2?  :/

that's really true. I always think about arbitrum is the next best thing since ethereum. for the reasons you mentioned it has a growing capacity and can't be compared with the likes of sui. I don't see better options for the competition.

[dansus021]

We can't really compare ARB with SUI, could we?  I mean judging from the growing TVL and the increasing transaction volume in Arbitrum, I think it could reach 10 billion market cap and even outpace the likes MATIC and ADA in a fully fledging bull market.  ARB could basically be a leveraged bet for Ethereum and many projects in ETH L1 will later have to have a go to L2 and Arbitrum would be their best option since it has the highest TVL, activity and volume.

But if you guys think I'm wrong then what's the best ETH L2?  :/

Yes SUI is a new coin tho and after I check that SUI is layer 1 so i made a mistake on my first post, so Layer 2 and Layer 1 is different. In this case Arbitrum has a lot of TVL since this using EVM or Ethereum Virtual Machine meaning you can use your code from eth. bnb chain or other bring to arbitrum and change little bit. But layer 2 depent on their layer 1 in this case Etherum

and the SUI is layer and pretty much new that is why the tvl is pretty much low but since this is PoS chain maybe sui will get the attentin too