Arbitrum (ARB) Price Gains 30% in November
The price of Arbitrum (ARB) has surged to $1.15 this week, marking a 30% increase for the month. This rally has been driven by a significant increase in the number of funded addresses, indicating growing global adoption of the Arbitrum network.
Number of Arbitrum (ARB) Funded Addresses Surpasses 15,000 Milestone
Arbitrum’s price has been on an upward trend since November, with investors pouring billions into projects hosted on the network. The number of funded addresses has now exceeded 15,000, signaling a visible bullish signal that has contributed to the ongoing price rally.
Arbitrum Flips Polygon (MATIC) as Largest Layer 2 Network
After rapid adoption, Arbitrum has surpassed Polygon (MATIC) as the most utilized Layer 2 network in the Ethereum scaling sector. The Total Value Locked for Arbitrum now stands at $1.79 billion, more than double Polygon’s $775.4 million TVL.
ARB Price Prediction: Is $2 Target Within Reach?
The increased demand for Arbitrum-hosted services has led to a surge in market demand for the native ARB token. With key indicators pointing towards further gains, breaking the initial resistance at $1.40 could pave the way for reaching the $2 target.
Hot Take: ARB Price Rally Fueled by Growing Network Adoption
The surge in ARB price is attributed to increased global adoption of the Arbitrum network, as evidenced by the milestone of over 15,000 funded addresses and its position as the largest Layer 2 network. With growing demand for its services and positive price predictions, ARB is poised for further gains.
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