Arbitrum (ARB) Price Prediction 2024-2030: Will ARB Price Hit $5 Soon?

• Bullish ARB price prediction ranges from $2.5 to $5.
• Analysis suggests that the ARB price might reach above $4.6.
• The ARB bearish market price prediction for 2024 is $1.

What is Arbitrum (ARB)?

Arbitrum is a layer-two (L2) scaling solution built on the Ethereum network, which utilizes optimistic rollups to enhance the speed, scalability, and cost-efficiency of Ethereum transactions. By shifting most of the computation and storage load off-chain, Arbitrum offers higher throughput and lower fees compared to Ethereum, while still benefiting from Ethereum’s security and compatibility.

Arbitrum’s native token is called ARB and is used for governance within the network. Recently, the developers of Arbitrum, Offchain Labs, announced a transition to a decentralized autonomous organization (DAO) structure known as the Arbitrum DAO. ARB holders can now vote on proposals that affect the features, protocol upgrades, funds allocation, and even the election of a Security Council. This move towards decentralization enables greater community involvement and decision-making in the development and evolution of the Arbitrum network.

In 2023, Arbitrum has set an ambitious roadmap for several significant developments. Firstly, it plans to launch its own layer-three solution named Orbit, which will further improve the scalability and speed of transactions on the network. Additionally, the introduction of Stylus will allow developers to deploy programs written in popular programming languages such as Rust and C++, among others, thereby expanding the network’s capabilities.

Another key goal for Arbitrum is to expand its validator set by including more independent institutional validators, which will enhance the network’s security and decentralization. Furthermore, the protocol is set to be moved to layer two with Arbitrum One, which will further improve the efficiency and cost-effectiveness of transactions on the network. Overall, these developments highlight Arbitrum’s commitment to advancing the capabilities and adoption of blockchain technology.

Arbitrum is a prominent scaling solution for Ethereum that stands out due to its use of optimistic rollups. It offers several advantages over other optimistic rollup solutions, including compatibility with existing Ethereum DApps without any code changes, high scalability with fast finality and low fees, flexibility for developers to deploy programs written in popular programming languages, and a decentralized network of validators who secure the network and earn fees. Additionally, it has a thriving ecosystem of DApps, wallets, tools, and partners.

Arbitrum relies on the Ethereum network for the security and finality of transactions. Optimistic rollups are used to execute transactions outside of Ethereum and bundle them in batches before submitting them to the mainnet. Off-chain transactions are assumed to be valid without submitting proof of validity. If there is a dispute, anyone can challenge the transaction within a set time period by submitting a fraud-proof.

Arbitrum (ARB) Market Overview

Analysts’ View on Arbitrum (ARB)

A crypto analyst has been telling around that Arbitrum’s price might drop to $0.77 before the rally. 

Arbitrum (ARB) Current Market Status

ARB has a circulating supply of 1,275,000,000 ARB coins, while its maximum supply is unknown, according to CoinMarketCap. At the time of writing, ARB is trading at  $2.32 representing 24 hours increase of 19%. The trading volume of ARB in the past 24 hours is $2,585,085,031 which represents a 45% increase.

Some top cryptocurrency exchanges for trading ARB are Binance, Coinbase, KuCoin, Bybit, Kraken, Bitfinex

Now that you know ARB and its current market status, we shall discuss the price analysis of  ARB for 2024.

Arbitrum (ARB) Price Analysis 2024

By market capitalization, ARB ranks 34th on CoinMarketCap’s list of the biggest cryptocurrencies. Will Arbitrum’s most recent improvements, additions, and modifications help the ARB price rise? First, let’s focus on the charts in this article’s ARB price forecast.

Arbitrum (ARB) Price Analysis – Moving Average Convergence Divergence

The Moving Average Convergence Divergence indicator uses two moving averages to deduce how the crypto is performing. The MACD uses the 12-day exponential moving average as the short-term and the 26-day exponential moving average as the long-term. Then the long-term moving average is subtracted from the short-term moving average. If the answer is positive, then ARB is performing well. But if it’s negative then the ARB is losing value. 

The Signal used in the MACD indicator is a Simple Moving Average adjusted to 9 days. Whenever the MACD is above the Signal line, the histogram shows green bars above the zero line and red bars below the zero line when the MACD is below the Signal. 

Since the upsurge that happened in December 2023, the MACD has been always above the Signal line. This means that ARB has been performing well above par. Moreover, the histogram is green and it reads a value of 0.044 and ARB is overbought, as such there might be a correction phase on the horizon for ARB. 

Traders wait for the MACD to cross just above the Signal line before entering a long position, as the MACD could give false signals of a trend change. 

The MACD could also be used to figure out divergences. When the MACD makes high highs simultaneously when the crypto makes lower highs, then, it is known as a bullish divergence. And when the opposite happens it is a bearish divergence. 

Arbitrum (ARB) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). Moreover, the upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

The Empirical law also known as the three-sigma rule or the 68-95-99.7 rule states that almost all observed data for a normal distribution will fall within three standard deviations. As such for the normal distribution data set, 68% of data will fall within 1 standard deviation of the mean, while 95% of data for the normal distribution will fall within 2 standard deviations of the mean and 99.7% of data will fall within 3 standard deviations of the mean. 

Hence, when this is applied to the price of ARB, we could expect the coin to abide within the Bollinger bands 95% of the time. 

Moreover, the sections highlighted by red rectangles show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility.

The above chart shows that the trend for ARB is positive as the Bollinger Band Trend indicator has turned green. Currently, ARB is extremely overbought as it is above the upper band and the generally known fact is that the market could correct the prices. When closely observing the uptrend that happened in late December, it could be seen that the ARB’s activity was in the upper half of the Bollinger. This shows that ARB was doing better than the average. 

The Bollinger band squeeze alert reads a value of 64 and the line is moving upwards. This shows that the bands aren’t going to squeeze anytime now. However, since this is the BTC halving there could be volatility. As such, traders may need to take precautions and deal with vigilance.   

Arbitrum (ARB) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish. When considering the green rectangle section on the left of the chart below we can see that when the RSI line is below the Signal. As such ARB is bearish or losing value but the second green rectangle shows that the RSI is above the signal. Hence, it is bullish.

Additionally, the RSI could be used to determine how strong a trend is. For instance, when a cryptocurrency is bullish or reaching higher highs, then the RSI line also should be making higher highs in unison. If not it means that although the cryptocurrency is on a bullish trend it is losing value and hence a trend reversal could be lurking around the corner.

However, the RSI could also give false alarms for breakouts. Although we may expect, the prices to retrace if it goes to the oversold or overbought region, the prices also can stay in the oversold or overbought region for an extended period. As such, traders should be wary of it and let the market saturate before making vital decisions. 

The ARB RSI is valued at 77 and it is in the overbought region. The RSI is above the Signal, this means that ARB is performing better well above the average. However, since the RSI is in the overbought region, there is a high chance that the market may adjust and the RSI could fall back below the overbought region.

Arbitrum (ARB) Price Prediction 2024-2030 Overview

Arbitrum (ARB) Price Prediction 2024

The above chart shows that ARB is moving diagonally upwards and it is testing the 1:1 Gann line. ARB was rising trading along the 3:1 Gann line before it gained a new gradient and rose towards the 1:1 Gann line. Currently, ARB is overbought and there could be a slight retracement that could happen. In the event a retracement happens, ARB could be relying on the 2:1 Gann line for support. 

If the bears break the 2:1 Gann line, then, ARB would lose the new gradient that it gained. It may fall to support level 1 at around $1.4. However, since Support Level 1 is not that strong, the bears could penetrate it and ARB could crash to Support Level 2 at $1.1. 

However, in a bullish market where the traders are excited for the BTC halving to happen, the odds of a bearish trend rather than a retracement are quite low. If ARB is dominated by the bulls, it can reach above $4.6. 

Arbitrum (ARB) Price Prediction 2025

We should expect the price of ARB to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, ARB could end 2025 by trading at around $10.

Arbitrum (ARB) Price Prediction 2026

Since the maximum supply of ARB is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of ARB could break the usual trend and trade at $8 by the end of 2026.

Arbitrum (ARB) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of ARB could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, ARB could trade at $9.5 by the end of 2027.

Arbitrum (ARB) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Arbitrum (ARB) could hit $12.5 by the end of 2028. 

Arbitrum (ARB) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of ARB to $21 by the end of 2029.

Arbitrum (ARB) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Arbitrum (ARB) to trade at around $15 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Arbitrum (ARB) Price Prediction 2040

According to our long-term ARB price estimate, ARB prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $22 by 2040. If the market turns bullish, the price of ARB could go up beyond what we predicted for 2040.

Arbitrum (ARB) Price Prediction 2050

According to our ARB forecast, the average price of ARB in 2050 might be above $26. If more investors are drawn to ARB between these years, the price of ARB in 2050 could be far higher than our projection.

Conclusion

ARB might reach $5 if investors decide that ARB is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum..

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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