Tomorrow, we will be performing a slightly bigger rebalance as we will be replacing 3 of our holdings👇
Have a great Sunday🙌
Arbitrum is a layer 2 solution aimed at enhancing the performance of Ethereum smart contracts by increasing their speed, scalability, and privacy. This platform enables developers to effortlessly run unaltered Ethereum Virtual Machine (EVM) contracts and Ethereum transactions on a second layer while maintaining the robust security of Ethereum's layer 1.
The solution addresses some of the limitations of existing Ethereum-based smart contracts, such as low efficiency and costly executions, which have negatively impacted user experience and often made transactions expensive.
The ARB crypto token serves as a governance tool within the Arbitrum DAO. Token holders can partake in decentralized governance decisions that are automatically implemented on-chain once approved.
Arbitrum crpyto is an example of optimistic rollup technology, which allows Ethereum smart contracts to scale by facilitating communication between smart contracts on the Ethereum main chain and those on the Arbitrum second layer chain. The majority of transaction processing occurs on the second layer, and the outcomes are recorded on the main chain, significantly improving speed and efficiency.
The fastest, most convenient way to purchase Arbitrum is to purchase it on ICONOMI. We check Arbitrum live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Arbitrum by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Arbitrum is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Arbitrum, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Arbitrum in their structure.
Here you can read and comment on all posts made by Strategists about Arbitrum ARB. See all Arbitrum price predictions in real time and make the best use of their crypto knowledge.
Quick Update regarding the recent rebalance:
As I have already mentioned, $BTC is facing some resistance in the near term. As long as it does not fall strongly in price, this should give altcoins a tailwind.
Still, Ethereum faces scaling issues and that's where Layer 2 solutions could come to the rescue.
At the same time, as long as $ETH holds above 2,000$ I believe it will keep going higher with 2,800$ as my first target.
With all this in mind, Layer 2 solutions could be primed for a surge in price. The structure is well-positioned now, should this scenario play out.
Here goes the usual disclaimer: This is only my own opinion and should not be relied on or considered financial advice.
A lovely Sunday to you all! ⭐
As $ARB made another upleg, we decided to sell the entire position. It was clearly not the frontrunner in this early bull, but we made profits. Untill it shows real relative strenght we won't buy it back.
We sold $SOL as well. It recovered from its drop yesterday and did a great job outperforming $BTC and $ETH, but with $ETH starting to take over en ETF- approval around the corner, we prefer to buy back $SOL when its $BTC value and $ETH value are lower.
Our LOW COST Schillebeeckx Strategy continues to climb the wall of worries with the cryptomarkets.
We are in the top 30 Strategies on the 1-month and 3-month charts which indicates we are well positioned in this upleg.
Our big $ETH position is still lagging, but we are confident, $ETH will outperform $BTC in this bullcycle and will at least reach 0.1 $BTC value. That means $ETH wil almost double in $BTC value from here. The risk/reward in $ETH is great.
We stay patient with our $ARB as it shows signs of strength and will probably fly when it reaches a new all time high. $MATIC is grinding higher, but does not outperform so far. We will keep an eye on it and are ready to swap our $MATIC to $BTC or $ETH or $RUNE if it continues to underperform.
No reason to rebalance yet. We try to keep our costs low by not overtrading, although it is tempting while many alts pop.
Arbitrum price UK history shows the highest value of 1.37 GBP . We recorded this price on April 15, 2023, but we cannot exclude that a higher price was registered before April 5, 2023.