What Is Arbitrum Coin – How People Made Thousands Of Dollars For Free

Arbitrum coin
What Is Arbitrum Coin – How People Made Thousands Of Dollars For Free

Arbitrum is a layer-2 blockchain technology that has continued to gain so much attraction over the past few months as it has aimed to solve the scalability problems of the Ethereum network while its security and transaction speed are maintained. Arbitrum coin native token is called ARB.

Despite relying on the security provided by the Ethereum network the Arbitrum ecosystem focuses on using a new paradigm in smart contracts to improve the congestion faced by the Ethereum network over the years while increasing tremendously its throughput, which is increasing the transaction per second (TPS).

With the idea of transaction rollups coming into play in the blockchain industry, Arbitrum has adopted this kind of technique to enable transactions to be validated at high speed on the Arbitrum network.

Other Reading: What is Immutable X, And How Does It Impact Crypto Space?

Validating transactions with the help of rollups, the network validates thousands of transactions at small gas fee charges of not up to $1 and ensures security on the network is maintained. 

ARB token has so much potential as it has attracted many investors into its ecosystem due to its unique approach to the issue of congestion the Ethereum network has faced over the years and this token could continue to do well heading into the bull market.

Does Arbitrum Have A Token

Yes, there is an Arbitrum coin that was issued to many as an airdrop due to their interaction with the Arbitrum ecosystem leading the many wallets becoming eligible to claim the ARB tokens that got listed in many exchanges.

Where To Buy Arbitrum Token 

ARB token is traded in major exchanges when listed for trading with the likes of Binance, Coinbase, Kucoin, and Gate.io all allowing people to trade the ARB token.

Arbitrum Coin Price Analysis

ARB Price Chart | Source: Tradingview.com

The price of the ARB token got listed on the 23rd of March, 2023 as it created so much excitement and waves in the crypto industry awarding many faithful with thousands of dollars depending on the interactions with the Arbitrum networks.

The Arbitrum coin ARB was listed at $1.2 as the price rallied to a high of $1.6 before dropping to a low of $1.2. The price of ARB has maintained a range-like price movement with many anticipating a drop to a region of $0.8-$0.5 in the coming weeks as many traders and investors could accumulate ARB considering how huge its potential is for many traders. 

Image from Dailyhodl | Chart from Tradingview
Previous Post

Bitcoin Price Struggles To Hold $27,000 As Arbitrum Airdrops Shines

Next Post
What is a POAP NFT?

What is a POAP NFT?

Related Posts