Arbitrum

<ul><li>ARB fell below $1 — a testament that an increase in network participation does not mean a hike in price.</li><li>Demand shrunk, pushing the price back to $0.96 as bearish momentum continues to thrive.</li><li>The ADX backed the dominance of sellers while bulls struggled to keep up.</li></ul>The native governance token of the <a href="https://coinedition.com/arbitrum-arb-price-prediction/" rel="noopener noreferrer nofollow">Arbitrum (ARB)</a> network had dropped below the $1 threshold. In a move that saw the price decrease by 6.78% in the last 24 hours, ARB exchanged hands at $0.92 at press time.Launched into the market on March 16, 2023, the Ethereum (ETH) L2 scaling solution distributed rewards in ARB tokens to its early adopters. This decision resulted in massive selling pressure.<h2 id="header-0">Sellers Have Kept Demand In Check</h2>In addition to this several other attempts to climb up the charts have not yielded significant results. The above has left the token all-time performance at a 21.62% decrease.<a href="https://coinedition.com/arbitrum-bears-fight-to-keep-the-token-under-1-heres-how/" rel="noopener noreferrer nofollow">See the Original On CoinEdition</a>

Arbitrum Bears Fight to Keep the Token Under $1- Here’s How

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