Arbitrum Price

The price of Arbitrum token could also strengthen as the developers add more features and roll out network upgrades that increase the network’s throughput in the future. Such developments could make Arbitrum more appealing than other Layer-2 scaling solutions in the market, encouraging more developer activity on the network to drive the ARB value higher.

Arbitrum token is a promising crypto asset that offers potential benefits for investors who believe in the potential of Layer-2 scaling solutions. As Web3 adoption gains mainstream traction, the demand for networks like Arbitrum could increase. This platform offers a scalable solution for deploying real-world, efficient dApps.

With more dApps migrating to Arbitrum or building from scratch, the on-chain activity on the network has the potential to increase, thus driving up the value of the ARB token. The addition of new features and network upgrades that increase throughput could also contribute to strengthening the ARB price.

While offering an accurate ARB token price prediction over any duration is impossible, you could monitor some key fundamentals that could impact ARB price action and volatility the most. These include:

Level of Adoption

The on-chain activity on Arbitrum could be boosted when more developers create and deploy their projects on the network, bringing in more users to the ecosystem. The expanding dApp ecosystem could increase the demand for ARB crypto among investors and DAO members, driving up the Arbitrum price.

Future Upgrades

When the Arbitrum network undergoes upgrades that increase its throughput, efficiency, and scalability, it becomes more attractive to use over its competitors. Such developments could also boost investor confidence in its native asset and support the price of ARB token.

Market Outlook

A favorable outlook toward cryptocurrencies in general and sectors such as DeFi and Web3 could be especially beneficial for the Arbitrum price. A bullish sentiment drives more buying activity among investors, which could contribute to an uptrend in the value of ARB crypto. On the other hand, a bearish or risk-averse mood among investors could result in sell-offs in the market that weaken the ARB to USD price.

Governance Token

ARB holders are eligible to participate in the decentralized governance of the network by becoming members of the Arbitrum DAO. They can enjoy voting power directly or delegate it to other DAO members who contribute their thoughts on future upgrades to the network.

Crypto Asset to Trade and HODL

Trade Arbitrum cryptocurrency against other digital assets to take advantage of changing market conditions and volatility. You can buy or sell ARB against other cryptocurrencies or hold it long-term if you believe in the future potential of the Arbitrum scaling solution.

Be sure to choose a platform that is secure, trusted, and has a user-friendly interface. Additionally, ensure that the platform offers adequate liquidity and reasonable fees.

At KuCoin, you have the flexibility to trade ARB on our spot, margin, or futures market. Alternatively, you can use our advanced crypto trading bot to execute your trading strategies.

The developers plan to airdrop 12.75% of the ARB total supply upon launching the Arbitrum Foundation and DAO Governance for the Arbitrum One and Arbitrum Nova networks. The airdrop begins on March 23, 2023, based on data taken on a snapshot on February 6, 2023.

Offchain Labs and the Arbitrum Foundation will airdrop ARB tokens to real Arbitrum users based on a point system devised in collaboration with Nansen. Factors considered include network usage metrics while deducting points from users who engaged in Sybil-linked usage patterns.

Some factors that make you eligible for claiming ARB airdrop include conducting transactions or bridging funds into Arbitrum One or Arbitrum Nova or interacting with multiple smart contracts on the Arbitrum One network.

To check your airdrop eligibility, visit Arbitrum Foundation, connect your wallet to the dApp, and click the Check Eligibility button. If eligible, you can claim your ARB airdrops for 185 days from March 23.

You can become an Arbitrum DAO delegate by filling in your details in the application form at this link. The delegate application form entries will be reviewed to process your application to become an early delegate in the DAO.

Arbitrum recommends that users who wish to become delegates have an in-depth foundational technical understanding of the protocol and Ethereum ecosystem. They must also be willing to engage continuously with the Arbitrum community to drive its growth and evolution.