Arbitrum

Strong

when

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/arbitrum-team-maintains-strong-network-activity-despite-price-drop/" data-wpel-link="internal">Arbitrum Team Maintains Strong Network Activity Despite Price Drop</a><br></p>
<p style="text-align: justify">Network activity, TVL, and engagement are crucial for altcoin valuation, but more factors matter. Regardless of network value, if the team doesn’t enhance token utility and demand, prices can plummet.</p> 
<h2 style="text-align: justify" id="arbitrum-arb">Arbitrum (ARB)</h2> 
<p style="text-align: justify">Arbitrum, one of the largest <a href="https://en.coin-turk.com/ethereum-price-analysis-and-expectations/" data-wpel-link="internal">Ethereum</a> scaling solutions, had a flashy start. It was highly anticipated as one of the best, still strong in both TVL and network activity. Moreover, the recent Ethereum network update significantly reduced transaction fees.</p> 
<p style="text-align: justify">None of this prevented it from hitting an all-time low price when BTC dropped to $56,771. Despite the price drop, network participation remains high. The DAA discrepancy, measuring the difference between daily active addresses and price, signals a buying opportunity. The indicator suggests limited room for further decline, hinting at a potential rebound.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-367996 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/arb-daa.png" alt="" width="1920" height="636"></p> 
<p style="text-align: justify">Additionally, since the altcoin is at its all-time low, the likelihood of larger sell-offs below cost by <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> is diminishing.</p> 
<h2 style="text-align: justify" id="future-of-arb-coin">Future of ARB Coin</h2> 
<p style="text-align: justify">Arbitrum’s adoption rate remains above 20%. Network demand is robust with growing interest. Strong adoption is critical for long-term success, and ARB clearly has it. However, the team needs to take steps to enhance token utility.</p> 
<p style="text-align: justify">The altcoin, which hit an all-time low of $0.72, could quickly return to the $1 threshold if the negative market sentiment subsides. Increased interest from investors not wanting to miss the recovery is expected.</p> 
<p style="text-align: justify">The current FUD around BTC doesn’t seem to be disappearing soon. What if BTC weakness persists and ARB Coin doesn’t recover? Current predictions suggest a new consolidation phase between $0.73 and $0.92. Investors might push the price lower while BTC aims for $50,000, accepting reasonable losses.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/arbitrum-team-maintains-strong-network-activity-despite-price-drop/" data-wpel-link="internal">Arbitrum Team Maintains Strong Network Activity Despite Price Drop</a></h5>

Arbitrum Team Maintains Strong Network Activity Despite Price Drop

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