Arbitrum
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Will Arbitrum Surge or Plummet? Uncover Critical Resistance and Support Levels Now!
The #Arbitrum price has shown significant fluctuations in recent trading sessions, reflecting a mix of bearish and bullish signals. A detailed examination of the 4-hour chart reveals a series of key technical indicators and potential market movements worth noting for traders and investors.
Recent closing prices of $ARB have demonstrated a downward trend, with values moving from $1.0883 to $0.9637 over the past 48 hours. The decline is further corroborated by the position of the 9 EMA and 20 EMA, which have both been trending downward. The 9 EMA has consistently remained below the 20 EMA, signaling bearish momentum.
This trend is underscored by the MACD indicator, which shows the MACD line descending further below the signal line, with a widening histogram gap. Such a configuration typically suggests increasing bearish pressure.
The Relative Strength Index (RSI) values have mostly hovered around the mid-30s to mid-40s, indicating that the Arbitrum price is neither overbought nor oversold. However, the RSI's proximity to the lower end of this range suggests a potential for further downward movement before any significant reversal occurs.
Given these technical signals, the resistance levels of $1.0666 and $1.0706 are crucial for any bullish recovery. Breaking above these levels with sustained volume could indicate a reversal of the current downtrend. On the downside, the support levels of $0.9499 and $0.9492 are critical to monitor. A breach below these points could lead to further declines, potentially testing the lower support at $0.9418. #altcoins #BullorBear #TrendingPredictions The full analysis and trade strategy were originally posted on ecoinimist.com.
The #Arbitrum price has shown significant fluctuations in recent trading sessions, reflecting a mix of bearish and bullish signals. A detailed examination of the 4-hour chart reveals a series of key technical indicators and potential market movements worth noting for traders and investors.
Recent closing prices of $ARB have demonstrated a downward trend, with values moving from $1.0883 to $0.9637 over the past 48 hours. The decline is further corroborated by the position of the 9 EMA and 20 EMA, which have both been trending downward. The 9 EMA has consistently remained below the 20 EMA, signaling bearish momentum.
This trend is underscored by the MACD indicator, which shows the MACD line descending further below the signal line, with a widening histogram gap. Such a configuration typically suggests increasing bearish pressure.
The Relative Strength Index (RSI) values have mostly hovered around the mid-30s to mid-40s, indicating that the Arbitrum price is neither overbought nor oversold. However, the RSI's proximity to the lower end of this range suggests a potential for further downward movement before any significant reversal occurs.
Given these technical signals, the resistance levels of $1.0666 and $1.0706 are crucial for any bullish recovery. Breaking above these levels with sustained volume could indicate a reversal of the current downtrend. On the downside, the support levels of $0.9499 and $0.9492 are critical to monitor. A breach below these points could lead to further declines, potentially testing the lower support at $0.9418. #altcoins #BullorBear #TrendingPredictions The full analysis and trade strategy were originally posted on ecoinimist.com.
😱🚀🚀Top 4 Altcoins with Major Bullish Signals with Growth Potential
1.Arbitrum
He said that the first altcoin on his list is #Arbitrum ($ARB ). Arbitrum is an Ethereum scaling solution making waves recently. Additionally, it supports the existing Ethereum ecosystem, making it easy for developers and users to migrate or integrate. The recent approval of Ethereum ETFs has benefited Ethereum-based projects, including Arbitrum, potentially bringing more liquidity.
Although ARB is down 50% from its all-time high, this presents a great discount for medium to long-term investors. With recent updates and expansions, including the launch of the Alien X pool and leveraging AI technology, Arbitrum is set for growth.
2.Injective
The third altcoin on his list is Injective ($INJ ). Recently, there’s been a lot of interest in AI and Big Data crypto coins like #INJ Injective’s price is rebounding, and network activity is increasing, which is a good sign for the project’s health. This is especially promising before a potential bull run. Currently, INJ is trading at a discount, about 50% below its all-time high, making it a good buy before price increases.
3.#MANTA Network
Next is Manta Network, which had a strong start in 2024. $MANTA Network offers fast transactions and low fees, making it great for building and deploying Solidity-based dApps. They recently launched CDY, combining CI and DeFi to maximize user yields. The token is currently trading at $1.83, significantly below its all-time high, making it a good investment opportunity.
4 Pyth Network
Finally, there is Pyth Network, a Solana-based project acting as an oracle solution. It gathers and shares price data from exchanges, trading platforms, and market makers. Pyth has the potential to challenge Chainlink, the leading oracle solution in crypto. Although still under the radar and trading at a low price, this makes it a good time to invest.
#PYTH
1.Arbitrum
He said that the first altcoin on his list is #Arbitrum ($ARB ). Arbitrum is an Ethereum scaling solution making waves recently. Additionally, it supports the existing Ethereum ecosystem, making it easy for developers and users to migrate or integrate. The recent approval of Ethereum ETFs has benefited Ethereum-based projects, including Arbitrum, potentially bringing more liquidity.
Although ARB is down 50% from its all-time high, this presents a great discount for medium to long-term investors. With recent updates and expansions, including the launch of the Alien X pool and leveraging AI technology, Arbitrum is set for growth.
2.Injective
The third altcoin on his list is Injective ($INJ ). Recently, there’s been a lot of interest in AI and Big Data crypto coins like #INJ Injective’s price is rebounding, and network activity is increasing, which is a good sign for the project’s health. This is especially promising before a potential bull run. Currently, INJ is trading at a discount, about 50% below its all-time high, making it a good buy before price increases.
3.#MANTA Network
Next is Manta Network, which had a strong start in 2024. $MANTA Network offers fast transactions and low fees, making it great for building and deploying Solidity-based dApps. They recently launched CDY, combining CI and DeFi to maximize user yields. The token is currently trading at $1.83, significantly below its all-time high, making it a good investment opportunity.
4 Pyth Network
Finally, there is Pyth Network, a Solana-based project acting as an oracle solution. It gathers and shares price data from exchanges, trading platforms, and market makers. Pyth has the potential to challenge Chainlink, the leading oracle solution in crypto. Although still under the radar and trading at a low price, this makes it a good time to invest.
#PYTH
Arbitrum will distribute $215M in $ARB tokens for WEB 3.0 gaming development 🔥
The #Arbitrum Foundation which is responsible for well known rollup-based layer-2 network Arbitrum, has decided to give away massive resources for developing the gaming industry within its ecosystem.
The proposal sets aside 225 milion ARB tokens currently valued at ~$215M to distribute over 3 years through Gaming Catalyst Program (GCP).
The proposal which was accepted by more than 75% of Arbitrum DAO aims to rapidly increase usage and recognition of Arbitrum Network. A large portion of delegated funds are going to be distributed among developers and publishers (500 000 ARB; ~$480 000).
Stay tuned for more updates from MarMag! New posts coming soon :))
The #Arbitrum Foundation which is responsible for well known rollup-based layer-2 network Arbitrum, has decided to give away massive resources for developing the gaming industry within its ecosystem.
The proposal sets aside 225 milion ARB tokens currently valued at ~$215M to distribute over 3 years through Gaming Catalyst Program (GCP).
The proposal which was accepted by more than 75% of Arbitrum DAO aims to rapidly increase usage and recognition of Arbitrum Network. A large portion of delegated funds are going to be distributed among developers and publishers (500 000 ARB; ~$480 000).
Stay tuned for more updates from MarMag! New posts coming soon :))
🚀🚀😱$215 million move from Arbitrum: Will it go up?😱🚀🚀
The DAO of Ethereum-based layer-2 network #Arbitrum will fulfill requests to distribute hundreds of thousands of dollars to support gaming projects on the network over the next three years. The proposal would allocate 225 million $ARB dollars over three years, valued at approximately 215 million of its current price, to the Gaming Catalyst Program (GCP), which is designed to drive credit and adoption of Arbitrum/Orbit/Stylus.
Arbitrum made game enthusiasts happy
The proposals, first submitted in March, were formally adopted on Friday with the support of more than 75 percent of the vote. Organizations that significantly supported the proposal included L2Beat, Wintermute, and the gaming-focused Treasure DAO, while Blockworks Research and Camelot DAO were also among the opposing voters.
Treasure DAO has written extensively about X in response to the proposal: “Arbitrum is the home of gaming; this includes all games, game chains, and all builders in its orbit. "Come on, it's a little magical."
The bulk of the funding is allocated to publishers; While new and early-stage developments have the opportunity to apply for grants worth a maximum of ARB 500,000 (approximately $483,000 at current launch), better performers must apply for investments with a value share share. Tokens, equity or similar instruments will be distributed to bonuses and distribution expenses related to the back infrastructure of the funds.
Day-to-day operations will be handled by a dedicated GCP team, but the program will be overseen by a GCP-selected “hosted 5 with deep gaming experience, initiative system, analytics/reporting, and/or DAO management maintenance.” The DAO has a system of vetoing investment decisions and appointments of team members. The GCP team's budget was set at $25 million for slack expenses; DAO needs to be completed for excess expenses.
#ARB #altcoins
The DAO of Ethereum-based layer-2 network #Arbitrum will fulfill requests to distribute hundreds of thousands of dollars to support gaming projects on the network over the next three years. The proposal would allocate 225 million $ARB dollars over three years, valued at approximately 215 million of its current price, to the Gaming Catalyst Program (GCP), which is designed to drive credit and adoption of Arbitrum/Orbit/Stylus.
Arbitrum made game enthusiasts happy
The proposals, first submitted in March, were formally adopted on Friday with the support of more than 75 percent of the vote. Organizations that significantly supported the proposal included L2Beat, Wintermute, and the gaming-focused Treasure DAO, while Blockworks Research and Camelot DAO were also among the opposing voters.
Treasure DAO has written extensively about X in response to the proposal: “Arbitrum is the home of gaming; this includes all games, game chains, and all builders in its orbit. "Come on, it's a little magical."
The bulk of the funding is allocated to publishers; While new and early-stage developments have the opportunity to apply for grants worth a maximum of ARB 500,000 (approximately $483,000 at current launch), better performers must apply for investments with a value share share. Tokens, equity or similar instruments will be distributed to bonuses and distribution expenses related to the back infrastructure of the funds.
Day-to-day operations will be handled by a dedicated GCP team, but the program will be overseen by a GCP-selected “hosted 5 with deep gaming experience, initiative system, analytics/reporting, and/or DAO management maintenance.” The DAO has a system of vetoing investment decisions and appointments of team members. The GCP team's budget was set at $25 million for slack expenses; DAO needs to be completed for excess expenses.
#ARB #altcoins
🤯 Hundreds of Millions of Dollars of Offers Accepted on This Altcoin
The Arbitrum Foundation, the organization that supports Ethereum rollup-based Layer 2 network Arbitrum, has received approval to distribute hundreds of millions of dollars to support gaming projects on the network over the next three years.
The proposal, first announced in March, was officially adopted on Friday with over 75% support votes. The proposal will allocate 225 million ARB tokens, worth approximately $215 million at current prices, over three years to a newly created Game Catalyst Program (GCP).
GCP is designed to “…immediately expand awareness and adoption of Arbitrum/Orbit/Stylus by developers and players in the gaming community,” according to the proposal.
Organizations that significantly supported the proposal included L2Beat, Wintermute, and the gaming-focused Treasure DAO, while Blockworks Research and Camelot DAO were among those who voted against it.
The bulk of the funding was allocated to developers; New and early-stage developers have the opportunity to apply for grants worth up to 500,000 ARB (about $483,000 at current prices), while more established developers must apply for investments with a share of value component through tokens, equity or similar means. The remainder of the funds can be allocated to infrastructure-related awards and operational expenses.
$ARB #ARB #Arbitrum
The Arbitrum Foundation, the organization that supports Ethereum rollup-based Layer 2 network Arbitrum, has received approval to distribute hundreds of millions of dollars to support gaming projects on the network over the next three years.
The proposal, first announced in March, was officially adopted on Friday with over 75% support votes. The proposal will allocate 225 million ARB tokens, worth approximately $215 million at current prices, over three years to a newly created Game Catalyst Program (GCP).
GCP is designed to “…immediately expand awareness and adoption of Arbitrum/Orbit/Stylus by developers and players in the gaming community,” according to the proposal.
Organizations that significantly supported the proposal included L2Beat, Wintermute, and the gaming-focused Treasure DAO, while Blockworks Research and Camelot DAO were among those who voted against it.
The bulk of the funding was allocated to developers; New and early-stage developers have the opportunity to apply for grants worth up to 500,000 ARB (about $483,000 at current prices), while more established developers must apply for investments with a share of value component through tokens, equity or similar means. The remainder of the funds can be allocated to infrastructure-related awards and operational expenses.
$ARB #ARB #Arbitrum
Great news for the Arbitrum gaming community! The Arbitrum DAO has approved a proposal to allocate 225 million ARB tokens (roughly $215 million) over the next three years to foster the growth of the gaming ecosystem on Arbitrum. This initiative, spearheaded by the Arbitrum Foundation, aims to attract game developers and gamers to the network.
#Arbitrum #Gaming #Web3Gaming #BlockchainGaming #Cryptocurrency
#Arbitrum #Gaming #Web3Gaming #BlockchainGaming #Cryptocurrency
😱🚀🚀Bullish Signal These 2 Altcoins May Be On The Verge Of Exploding Soon🚀🚀😱
Near Protocol Price To Reach $10 Soon
Based on its price trajectory, Near Protocol ($NEAR ) is one of the altcoins to watch out for in June. According to FlipSideCrypto, the daily transaction on Near Protocol has surged to 6M, a few days after crypto exchange OKX unveiled support for #NEAR in its Web3 wallet. According to CoinMarketCap data, the Near Protocol Price gained 359% in the past year and 6% in the past month.
The majority of key market indicators are bullish with the Near Protocol trading volume and market cap in the uptrend. Although Near Protocol has only experienced 10 green days in the last month, its market sentiment remains bullish. The Near Protocol coin is currently trading above the 50-day and 200-day SMA, and analysts expect it to reach $10 in the coming days.
Arbitrum Price Prediction – Can It Hit $1.4?
#Arbitrum ($ARB ) is ranked among the altcoins to buy for massive gains this year. Its bullish run hasn’t gone unnoticed, and experts believe adding Arbitrum to your altcoin list is important. As per CoinMarketCap stats, the Arbitrum price rose by 5% in the past month with a slight dip in the weekly price chart.
With the ongoing market resurgence, Arbitrum is one of the top altcoins witnessing a rebound. The technical analysis shows green, with the Fear and Greed index showing Greed (73). Having broken through the $1.1 resistance zone, crypto analysts Whale of City believe the ARB price will hit $1.4 soon, while Crypto Aman believes that a breakout above $1.38 to $1.58 could see the token set a new ATH record.
#altcoins #binance
Near Protocol Price To Reach $10 Soon
Based on its price trajectory, Near Protocol ($NEAR ) is one of the altcoins to watch out for in June. According to FlipSideCrypto, the daily transaction on Near Protocol has surged to 6M, a few days after crypto exchange OKX unveiled support for #NEAR in its Web3 wallet. According to CoinMarketCap data, the Near Protocol Price gained 359% in the past year and 6% in the past month.
The majority of key market indicators are bullish with the Near Protocol trading volume and market cap in the uptrend. Although Near Protocol has only experienced 10 green days in the last month, its market sentiment remains bullish. The Near Protocol coin is currently trading above the 50-day and 200-day SMA, and analysts expect it to reach $10 in the coming days.
Arbitrum Price Prediction – Can It Hit $1.4?
#Arbitrum ($ARB ) is ranked among the altcoins to buy for massive gains this year. Its bullish run hasn’t gone unnoticed, and experts believe adding Arbitrum to your altcoin list is important. As per CoinMarketCap stats, the Arbitrum price rose by 5% in the past month with a slight dip in the weekly price chart.
With the ongoing market resurgence, Arbitrum is one of the top altcoins witnessing a rebound. The technical analysis shows green, with the Fear and Greed index showing Greed (73). Having broken through the $1.1 resistance zone, crypto analysts Whale of City believe the ARB price will hit $1.4 soon, while Crypto Aman believes that a breakout above $1.38 to $1.58 could see the token set a new ATH record.
#altcoins #binance
🔥Looking forward to the future🚀
#ChainGPT and #Arbitrum Collaborate to Usher in New Era for AI-Generated NFTs
-In the age of AI and the rise of digital art, the collaboration between ChainGPT and Arbitrum has ushered in a new era for creating and minting AI-generated NFTs, This is a significant step towards enhancing user experience and scalability for the rapidly growing NFT market
*Seamless and Scalable AI NFT Generator
-ChainGPT, an AI-powered Web3 infrastructure, has integrated with #Arbitrum the leading #Ethereum Layer 2 scaling solution, to provide a seamless and scalable AI NFT Generator, Through this combination, users can create and mint NFTs directly on the Arbitrum chain using ChainGPT's simple chat interface
*Intuitive Interface and Diverse Content Creation
-ChainGPT's AI NFT Generator features an intuitive and user-friendly interface, allowing users to create diverse NFT content simply by inputting text, It supports multiple creative ideas without requiring fixed prompts, providing a comfortable experience for creators
*Benefits and Future Prospects
-The combination of Arbitrum's scalability and ChainGPT's advanced AI infrastructure makes NFT creation more accessible for mainstream Web3 users, ChainGPT's AI NFT Generator has produced over 22 million digital artworks, including thousands of NFTs on the Arbitrum network since the partnership began
*This collaboration demonstrates the value of the AI NFT Generator for creators and affirms its position as a suitable platform for minting AI-generated NFTs, With the rapid advancement of AI and digital art, this partnership opens up new prospects and vast potential for the NFT market in the future, $ARB $ETH
source newsbtc
#ChainGPT and #Arbitrum Collaborate to Usher in New Era for AI-Generated NFTs
-In the age of AI and the rise of digital art, the collaboration between ChainGPT and Arbitrum has ushered in a new era for creating and minting AI-generated NFTs, This is a significant step towards enhancing user experience and scalability for the rapidly growing NFT market
*Seamless and Scalable AI NFT Generator
-ChainGPT, an AI-powered Web3 infrastructure, has integrated with #Arbitrum the leading #Ethereum Layer 2 scaling solution, to provide a seamless and scalable AI NFT Generator, Through this combination, users can create and mint NFTs directly on the Arbitrum chain using ChainGPT's simple chat interface
*Intuitive Interface and Diverse Content Creation
-ChainGPT's AI NFT Generator features an intuitive and user-friendly interface, allowing users to create diverse NFT content simply by inputting text, It supports multiple creative ideas without requiring fixed prompts, providing a comfortable experience for creators
*Benefits and Future Prospects
-The combination of Arbitrum's scalability and ChainGPT's advanced AI infrastructure makes NFT creation more accessible for mainstream Web3 users, ChainGPT's AI NFT Generator has produced over 22 million digital artworks, including thousands of NFTs on the Arbitrum network since the partnership began
*This collaboration demonstrates the value of the AI NFT Generator for creators and affirms its position as a suitable platform for minting AI-generated NFTs, With the rapid advancement of AI and digital art, this partnership opens up new prospects and vast potential for the NFT market in the future, $ARB $ETH
source newsbtc
Floki Inu, a popular #memecoin , has experienced a significant price surge, hitting a new all-time high of approximately $0.0003394.
This 30% increase in value has pushed $FLOKI market capitalization above $3.2 billion, allowing it to surpass major cryptocurrencies such as #Cronos , #Monero and #Arbitrum . As a result, FLOKI is now ranked as the 40th-largest cryptocurrency and the fifth-largest meme coin by market cap.
#TrendingTopic
This 30% increase in value has pushed $FLOKI market capitalization above $3.2 billion, allowing it to surpass major cryptocurrencies such as #Cronos , #Monero and #Arbitrum . As a result, FLOKI is now ranked as the 40th-largest cryptocurrency and the fifth-largest meme coin by market cap.
#TrendingTopic
⚡️ Tron Network Monthly Active Users Surpass Combined Users of Base, Arbitrum, and Optimism Networks
In a remarkable achievement, the number of monthly active users on the Tron network has surpassed the combined total of users on Base, Arbitrum, and Optimism networks. This milestone highlights Tron's growing popularity and adoption within the blockchain community.
#Tron #CryptoNews #Base #Arbitrum #Optimism $OP $ARB $TRX
In a remarkable achievement, the number of monthly active users on the Tron network has surpassed the combined total of users on Base, Arbitrum, and Optimism networks. This milestone highlights Tron's growing popularity and adoption within the blockchain community.
#Tron #CryptoNews #Base #Arbitrum #Optimism $OP $ARB $TRX
TrueFi, a blockchain-based project, has officially launched on the X platform, marking a collaboration with Cicada, a chain credit risk management project. This partnership enables TrueFi to extend its chain credit capabilities to Arbitrum, expanding its reach and services.
#TrueFi #ArbitrumUpdate #ArbitrumARB $ARB #Arbitrum #StartInvestingInCrypto
#TrueFi #ArbitrumUpdate #ArbitrumARB $ARB #Arbitrum #StartInvestingInCrypto
