Cryptocurrency Arbitrum's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Arbitrum (ARB) experienced a 4.43% price increase over the last 24 hours, contrasting with a 19.0% decrease over the past week, setting its current price at $1.15. Despite this short-term gain, the coin's price is down from its all-time high of $2.39. Arbitrum's trading volume has surged by 53.0% in the same period, with its circulating supply now at 2.65 billion, representing 26.54% of its maximum supply. The market cap of ARB is currently ranked #38, valued at $3.06 billion.
April 18, 2024 | 3:03 pm
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Arbitrum (ARB) has seen a 4.43% increase in price over the last 24 hours, despite a weekly decline of 19%, with its price now at $1.15. The trading volume for ARB has increased by 53%, and its circulating supply has slightly risen, contributing to its current market cap of $3.06 billion.
The short-term price increase of 4.43% for Arbitrum (ARB) indicates a positive market reaction, potentially attracting more investors. However, the recent 19% weekly decline suggests volatility. The increase in trading volume and a slight rise in circulating supply could be driving the current price dynamics. Given these factors, the short-term impact on ARBUSD is likely positive, but investors should be cautious of the underlying volatility.
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IMPORTANCE 90
RELEVANCE 100