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Cryptorank
MainNewsArbitrum (AR...

Arbitrum (ARB) Could Be Destined to Stay Above $1, Here’s Why


Nov, 06, 2023
1 min read
by CoinEdition
  • Liquidity on the Arbitrum ecosystem has increased since the STIP grant to several projects.
  • ARB may reach $1.20 if the RSI reading crosses 65.00.
  • The MACD indicated that ARB may retrace, so traders may need to refrain from long positions.

The price of Arbitrum (ARB) in the last seven days has grown by 15.56%, according to data from price tracking platform CoinMarketCap. While the growth may be connected to the rising tide of altcoin prices of late, there are also some underlying factors that have kept ARB on the upside.

For one crypto researcher known as Emperor Osmo, ARB’s increase was connected to Arbitrum’s Short-Term Incentive Program (STIP). In October, Arbitrum announced that it was giving a number of project short-term grants.

STIP Pushes the Recovery

After a period of screening, applicant projects including GMX, Gains Network (GNS), and 27 others won a share of the program’s funding. According to Osmo, the program has been vital to the jump in liquidity in the Arbitrum ecosystem.

The post Arbitrum (ARB) Could Be Destined to Stay Above $1, Here’s Why appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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MainNewsArbitrum (AR...

Arbitrum (ARB) Could Be Destined to Stay Above $1, Here’s Why


Nov, 06, 2023
1 min read
by CoinEdition
  • Liquidity on the Arbitrum ecosystem has increased since the STIP grant to several projects.
  • ARB may reach $1.20 if the RSI reading crosses 65.00.
  • The MACD indicated that ARB may retrace, so traders may need to refrain from long positions.

The price of Arbitrum (ARB) in the last seven days has grown by 15.56%, according to data from price tracking platform CoinMarketCap. While the growth may be connected to the rising tide of altcoin prices of late, there are also some underlying factors that have kept ARB on the upside.

For one crypto researcher known as Emperor Osmo, ARB’s increase was connected to Arbitrum’s Short-Term Incentive Program (STIP). In October, Arbitrum announced that it was giving a number of project short-term grants.

STIP Pushes the Recovery

After a period of screening, applicant projects including GMX, Gains Network (GNS), and 27 others won a share of the program’s funding. According to Osmo, the program has been vital to the jump in liquidity in the Arbitrum ecosystem.

The post Arbitrum (ARB) Could Be Destined to Stay Above $1, Here’s Why appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Fidelity Manager Jurrien Timmer Explained What is Required for a New ATH in Bitcoin!

Fidelity Manager Jurrien Timmer Explained What is Required for a New ATH in Bitcoin!

Jurrien Timmer from Fidelity Investments said that BTC adoption must increase for Bit...
Jun, 14, 2024
by Bitcoin Sistemi
Santiment: "Ethereum and These Two Popular Altcoins Give an Upward Signal Despite the Fall!"

Santiment: "Ethereum and These Two Popular Altcoins Give an Upward Signal Despite the Fall!"

Santiment said that the supply of Shiba Inu (SHIB), Chainlink (LINK), Ethereum (ETH) ...
Jun, 14, 2024
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