Arbitrum Price Surges Over 3% in 24 Hours Amid 15% Weekly Growth
Arbitrum (ARB) saw a 3.08% price increase in the past 24 hours, reaching $0.65. The cryptocurrency has gained over 15% in the past week, with its market cap now standing at $2.36 billion.
Arbitrum (ARB) has shown notable momentum, with its price increasing by 3.08% over the past 24 hours, reaching $0.65. Over the past week, ARB has gained more than 15%, moving from $0.57 to its current value. This increase follows a period of heightened trading volume and renewed interest in the Layer 2 scaling solution.
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Currently ranked #48 in market capitalization, Arbitrum boasts a market cap of $2.36 billion. Despite the recent gains, ARB is still well below its all-time high of $2.39. The chart below shows the price movement and volatility of ARB over the past day and week, with Bollinger Bands indicating higher levels of volatility.
Trading volume for Arbitrum has increased by 41% over the past week, signaling strong market interest. Meanwhile, the circulating supply of ARB has slightly decreased by 0.09%, leaving an estimated 36.17% of its total supply in circulation, with a maximum cap of 10 billion tokens.
With increasing market activity and price volatility, traders and investors are watching closely to see if ARB can maintain its upward momentum or experience a pullback in the coming days.
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