Renowned cryptocurrency trader Mac (@MacnBTC) recently shared his expert Arbitrum (ARB) analysis in response to numerous followers’ requests. In his tweet, MAC revealed that he anticipates a bullish trend for ARB, with a potential upside target of $1.38, provided that the $1.20 level remains stable. This insightful analysis showcases MAC’s proficiency in crypto trading and provides valuable insights for investors seeking to make informed decisions.
The astute trader concluded their tweet with a prudent reminder for fellow traders and investors to take a step back and examine ARB’s charts from a wider perspective. As a newcomer to the market, ARB has only accumulated a mere four daily candles thus far. Consequently, MAC predicts a period of lackluster price action for ARB in the coming days.
According to CoinMarketCap, ARB has experienced a 1.90% increase in price within the past 24 hours. Additionally, this altcoin has demonstrated a 2.06% and 1.75% surge against Bitcoin (BTC) and Ethereum (ETH) during the same time frame. Presently, ARB is valued at $1.27.
In recent developments, Lookonchain (@lookonchain) has reported that Amber has officially joined the ranks as the 14th ARB holder. This announcement comes after Amber received a substantial sum of $8.59 million ARM, equating to an estimated $10.5 million, from reputable sources such as OKX, KuCoin, and ByBit.
ARB holds the 37th spot in the market cap rankings, boasting a market cap of $1,611,244,410 and a fully diluted market cap of roughly $12,667,561,079. This places ARB just below VeChain (VET) at number 36, which has a market cap of approximately $1,657,591,686, and above ApeCoin (APE) at number 39, with an estimated market cap of $1,527,820,495. These figures indicate ARB’s strong position in the market, as it continues to hold its own against other leading players.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
