ARB, EOS, ZEC Prices Tumble to Record Lows Amid Recession Pressure 

• Arbitrum (ARB), EOS, and Zcash (ZEC) recently hit a fresh all-time low.
• EOS is down 97% from its peak of $22.89, and ZEC is trading at $43, far away from its $5,941 ATH.
• The market crash is attributed to the global economy being alarmed by geopolitical tensions

Following recent market-wide downturns, the prices of Arbitrum (ARB), EOS (EOS), and Zcash (ZEC) hit rock bottom as investors’ sentiment shifted. On August 5, ARB tanked to $0.4317, setting a fresh all-time low (ATL) in its price history. While ARB has briefly recovered, trading at $0.5771 at press time, it is still down 75.7% from its all-time high of $2.4 in January 2024. 

ARB, the governance token for the Arbitrum network, faces increasing competition from other layer-2 solutions.

EOS, a blockchain platform designed for scalable decentralized applications, has also suffered significant losses. The EOS token currently trades at $0.4971, after falling to an all-time low of $0.41988 on August 5th. This represents a staggering 97% decline from its peak of $22.89 in April 2018.

Zcash, known for its privacy features, hasn’t escaped the downturn. ZEC also saw a sharp decline last week, hitting an a…

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