Currencies33244
Market Cap$ 3.40T+3.33%
24h Spot Volume$ 107.65B+30%
DominanceBTC60.15%-1.55%ETH8.21%+9.27%
ETH Gas3.58 Gwei
Cryptorank
MainNewsArbitrum (AR...

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


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

Nansen: Bitcoin (BTC) Exceeded $100K After a Long Break, Whales Bought These Altcoins the Most!

Nansen: Bitcoin (BTC) Exceeded $100K After a Long Break, Whales Bought These Altcoins the Most!

According to Nansen data, while Bitcoin and Ethereum rose, whales bought the most fro...
Altcoin Season Incoming? Ethereum’s 20% Breakout May Be the Spark

Altcoin Season Incoming? Ethereum’s 20% Breakout May Be the Spark

Ethereum (ETH) has flipped the crypto market on its head with a sharp 20% surge in th...
MainNewsArbitrum (AR...

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


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

Nansen: Bitcoin (BTC) Exceeded $100K After a Long Break, Whales Bought These Altcoins the Most!

Nansen: Bitcoin (BTC) Exceeded $100K After a Long Break, Whales Bought These Altcoins the Most!

According to Nansen data, while Bitcoin and Ethereum rose, whales bought the most fro...
Altcoin Season Incoming? Ethereum’s 20% Breakout May Be the Spark

Altcoin Season Incoming? Ethereum’s 20% Breakout May Be the Spark

Ethereum (ETH) has flipped the crypto market on its head with a sharp 20% surge in th...