Crypto Analyst Issues Warning on ‘Polygon Killer’ Aribtrum, Says ARB Will Never Reach $100 - The Daily Hodl (2024)
A popular crypto analyst is warning traders to be realistic about the possible future price ofthe newly launched token for the Ethereum (ETH) scaling solution Arbitrum (ARB).
In a new YouTube video, the anonymous host of InvestAnswers pushes back against the “false hopium” internet chatter about the possibility of ARB skyrocketing to $100.
“If that were to happen, Arbitrum would have a full diluted market cap of $1.3 trillion. It’s never going to be worth that, okay? Just put things in perspective. Be careful what you read and do your numbers on the back of a napkin, don’t just say, ‘Oh, I can buy something for a dollar and sell it for $100.’ No, it’s not going to happen.”
The InvestAnswers tells his 443,000 subscribers that he’s concerned that Arbitrum is heavily centralized, heavily concentrated in the hands of whales, and still has 87.2% of its token circulation left to be unlocked.
According to the InvestAnswers host, Arbitrum has a fully diluted market cap of over $13 billion, which he notes is already greater than the fully diluted market cap of other established large-cap altcoins such as Polygon (MATIC) and Solana (SOL).
Arbitrum just kicked off its first airdrop last week, distributing 12.75% of its token supply. The asset rapidly plunged from trading around $5.04 at launch to around $1.19 only a few hours later.
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Can Arbitrum Reach $100? To reach $100, Arbitrum would need to increase significantly. While it may be possible, the only way it will reach $100 is if a significant number of tokens are burnt.
ARB price today is 1.0278. Arbitrum Price may reach a maximum of $3.92 by the end of 2024. With a potential surge, ARB price may go as high as $11.59 by the end of 2030.
As it stands, Arbitrum is the most popular Optimistic rollup solution, while Polygon is used for its ZK rollup network and greater functionality. Arbitrum has the largest share across DeFi, while Polygon is preferred by NFT projects.
There are many reasons to buy Arbitrum (ARB)! Price is not the only element worthy of consideration when it comes to innovative projects such as this. Arbitrum is currently the crypto world's fourth most-used blockchain, with an internally locked value (TVL) of around $2.21 billion.
According to forecast prices and technical analysis, ARB's price is projected to reach a minimum of $2.82 in 2025. The maximum price could hit $5.01, with an average trading price of around $3.91. According to forecast prices and technical analysis, Arbitrum's price is projected to reach a minimum of $3.79 in 2026.
MATIC is a sidechain that is secured by its own network of validators. It has a higher throughput than Arbitrum, but it is also less secure. Arbitrum is an optimistic rollup that is secured by the #ETH mainnet. It has lower transaction fees than MATIC, but it is also slower.
Arbitrum: Is rapidly growing, attracting top projects like Uniswap and Curve, but still developing its ecosystem. Tokenomics:Polygon: Has a larger circulating supply (9.3 billion MATIC) compared to Arbitrum (1.27 billion).
However, while Arbitrum can take speeds to about 40,000 transactions per second (TPS), Polygon can process nearly 200% of Arbitrum's speed, at nearly 65,000 TPS.
Arbitrum (ARB) currently has a price of $1.11 and is down -0.96% over the last 24 hours. The cryptocurrency is ranked 44 with a market cap of $2.9B. Over the last 24 hours, it saw $235.3M of trading volume. The token has a circulating supply of 2.7B tokens out of a total supply of 10B tokens.
Arbitrum price prediction 2030: Arbitrum's price for 2030 according to our analysis should range between $119.74 to $179.61 and the average price of ARB should be around $149.67.
Our most recent Arbitrum price forecast indicates that its value will increase by 12.49% and reach $1.272458 by April 22, 2024. Our technical indicators signal about the Bearish Bullish 24% market sentiment on Arbitrum, while the Fear & Greed Index is displaying a score of 66 (Greed).
The ArbDoge AI price prediction for 2025 is currently between $ 0.0₉3977 on the lower end and $ 0.0₈1879 on the high end. Compared to today's price, ArbDoge AI could gain 373.30% by 2025 if AIDOGE reaches the upper price target.
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