Server, investors Ethereum (ETH) scaling solution from popular cryptocurrency analyst InvestAnswers Arbitrum He talked about (ARB). According to the analyst, future price action could be much worse than expected. Here are the details.
“If your predictions come true, Arbitrum’s fully diluted market cap will stand at $1.3 trillion. Frankly, I don’t think he deserves it. Everything needs to be put into perspective. Pay attention to what you read and write your numbers on the back of a napkin, don’t say, ‘I can buy something for a dollar and sell it for $100’. No, that will not happen.”
InvestAnswerssays it is concerned that Arbitrum is too centralized, concentrated in the hands of whales, and that 87.2% of token circulation is still unlocked.
According to the server, Arbitrum has a fully watched market cap of over $13 billion. This value is higher than the fully watched market cap of other altcoins such as Polyfon and Solana.
ARB token made its first airdrop last week, giving away 12.75% of its token supply. The asset was trading around $5.04 at launch, but dropped to around $1.19 just hours later. It is currently trading around $1.16.
You can follow the current price action here.