11 months ago
3 mins read
Will Arbitrum (ARB) Price Drop Below $1?
Last week, Arbitrum (ARB) price made considerable gains as the bulls made multiple attempts to reclaim the $1.20 zone. However, a deep dive into the on-chain data shows that the bears are now firmly in control. Will they force a downswing to validate the $1 Arbitrum price prediction? Network Traction Has Not Translated into Economic Activity While Arbitrum has made headlines for its growing adoption and increased network activity, this has not translated into a commensurate increase in economic value. In fact, the largest whale cohort in the Arbitrum ecosystem is now taking bearish positions, which raises the question of