Arbitrum (ARB) Price Prediction 2023-2030: Will ARB Price Hit $2 Soon?

Bits Logics Team . 03rd Oct 2023

• Bullish Arbitrum (ARB) price prediction ranges from $1.1 to $1.8
• Analysis suggests that the ARB price might reach above $1.7.
• The ARB bearish market price prediction for 2023 is $0.76.

What is Arbitrum (ARB)?

Arbitrum is an Ethereum layer-two (L2) scaling solution, that employs optimistic rollups to enhance Ethereum’s speed, scalability, and cost-efficiency. It harnesses Ethereum’s security and compatibility while delivering greater throughput and reduced fees compared to the Ethereum main chain. This improvement is achieved by offloading most computation and storage tasks off-chain.

The native token of Arbitrum, known as ARB, plays a crucial role in governance. The project is in the process of transitioning to a decentralized autonomous organization (DAO) structure, known as the Arbitrum DAO. ARB holders have the power to vote on proposals that influence features, protocol upgrades, fund allocation, and the election of a Security Council.

Arbitrum has set ambitious goals for 2023, including the launch of its own layer-three solution called Orbit, enabling developers to deploy programs using popular programming languages like Rust and C++, and expanding its validator set to include more independent institutional validators. Additionally, it plans to move its protocol to layer two with Arbitrum One.

On March 16, 2023, Arbitrum made a significant announcement regarding its highly anticipated ARB airdrop. This airdrop will distribute ARB tokens to early users and DAOs actively building on Arbitrum, with 12.75% of the total supply being distributed. Recipients were rewarded based on a point-based system, which considered their interactions with the Arbitrum network up to a cutoff date of March 1, 2023. The token generation event is scheduled for March 23, 2023.

Arbitrum (ARB) Market Overview

Arbitrum (ARB) Current Market Status

The maximum supply of Arbitrum (ARB) is unknown, while its circulating supply is 1,275,000,000 ARB, according to CoinMarketCap. At the time of writing, Arbitrum is trading at $0.9262 representing 24 hours increase of 13.33%. The trading volume of Arbitrum in the past 24 hours is $191,697,989 which represents an 8.40 % increase.

Arbitrum (ARB) could be traded on some of the top exchanges such as B Binance, Coinbase, KuCoin, Bybit, Kraken, Bitfinex. 

Now that you know Arbitrum and its current market status, we shall discuss the price analysis of  Arbitrum (ARB) for 2023.

Arbitrum (ARB) Technical Analysis 2023

When looking at the chart above, it can be seen that ARB has been reducing in value since its inception. All the red patches show the ARB losing value while the green patches show the slight price gains or consolidation that ARB had in the prices during the past. Currently, there seems to be building up some buying momentum for ARB, as it is in the green patch now. However, as it has touched the upper Bollinger band, there is a chance that ARB could retrace and fall toward the Simple Moving Average (SMA) or the lower band. 

The Accumulation/Distribution Line seems to be falling down from a value of 261. This could mean that the fall in prices is being supported by volume. Hence, there may be more price decreases in the future. 

Arbitrum (ARB) Price Prediction 2023

The above chart clearly shows that ARB has been trading inside a falling wedge during the past few months. It recently broke out and as per the conventional breakout, ARB is rising just after the breakout. As such, ARB may first test the $1.197 resistance level and if the bulls are still persistent Arbitrum may break the above-stated resistance and reach the $1.343 resistance level. 

If the bulls take over the market head and shoulders above the bears, then ARB could even reach $1.7. However, reaching $1.7 might be a great challenge for ARB as the Value Area High is just below $1.5. The Value Area High is the highest price of ARB where most selling and trading happens. 

On the contrary to this bullish thesis, if ARB crashes, then its only support will be $0.764 which is not too far away from what ARB is at press time. 

Arbitrum (ARB) Price Prediction 2024 

As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for BTC. Hence, ARB also could trade at a price, not below $2.052 by the end of 2024.

Arbitrum (ARB) Price Prediction 2025

Arbitrum may harvest the after-effects of Arbitrum halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, ARB will continue to rise in 2025 forming new resistance levels. It is expected that ARB will trade beyond the $3.60 level.

Arbitrum (ARB) Price Prediction 2026

After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such BTC could tumble into its support regions. During this period of price correction, ARB could lose momentum and be way below its 2025 price. As such, it could be trading at $2.81 by 2026. 

Arbitrum (ARB) Price Prediction 2027

There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Arbitrum halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in ARB’s prices and we could expect Arbitrum to trade at around $4.195 by the end of 2027. 

Arbitrum (ARB) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Arbitrum halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of BTC. Hence, ARB would be trading at $5.40 after experiencing a considerable surge by the end of 2028. 

Arbitrum (ARB) Price Prediction 2029

2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, ARB could be trading at $9.385 by the end of 2029.

Arbitrum (ARB) Price Prediction 2030

After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ARB could be trading at $8.60.

Arbitrum (ARB) Price Prediction 2040

The long-term forecast for BTC  indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating ARB. Hence, the price of ARB could be trading at $19.5. 

Arbitrum (ARB) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such ARB could reach $25.

Conclusion

If investors continue showing their interest in ARB and add these tokens to their portfolios, it could continue to rise. ARB’s bullish price prediction shows that it could reach the $1.7 level.

FAQs

Disclaimer: The information and analysis are intended for informational purposes only. All views and opinions expressed should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research before making any investment decisions. Any actions taken based on the information presented by Bits Logics are at the reader’s own risk. The author or any affiliated parties shall not be held liable for any direct or indirect damages or losses resulting from such actions.