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ARB Price Analysis: As Arbitrum Extends Fourth Week of Major Losses, Could This Other Coin Save Your Portfolio?

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ARB Price Analysis: Arbitrum price is falling fast despite the recent activation of Dencun. Investors are now considering Wiener ai presale.

In the latest ARB Price Analysis, Arbitrum price is falling fast despite the recent activation of Dencun. Investors are now considering Wiener AI presale as an alternative investment – read on to find out why.

Analysts said Ethereum developers implemented a crucial upgrade in March, one of the most important since the Merge.

With the activation of Dencun, something happened to gas fees when transacting on layer-2 solutions: It drastically fell, sometimes by over 10X.

Among the biggest beneficiaries was Arbitrum, the largest layer-2 platform on Ethereum by TVL. 

According to L2Beat, a portal tracking activity on all layer-2 platforms on Ethereum, Arbitrum has a TVL of over $15 billion. Analysts say the number will only increase.

arb price analysis arbitrum price

(L2BEAT)

Since it is cheaper to transact on Arbitrum, it is no surprise that activity has been surging. 

To illustrate, the daily number of active addresses is nearly 3X from early May, standing at over 972,000.

Arbitrum prices are fast-falling despite the recent activation of Dencun. Investors are now considering WienerAI arb

(GrowThePie)

This spike could also explain the uptick in the number of on-chain transactions, especially after Dencun.

DISCOVER: How to Buy Ethereum in May 2024 – Beginners Guide

ARB Price Analysis: Dencun Didn’t Save Arbitrum Price

However, despite the introduction of Dencun, there is a problem: ARB prices have steadily declined.

ARB is changing hands at $0.94 at press time, down roughly 60% from March 2024 highs.

Arbitrum prices are fast-falling despite the recent activation of Dencun. Investors are now considering WienerAI

(ARBUSDT)

It seems like sellers are not done. Based on the daily chart’s formation, prices are banding along the lower BB, signaling increasing selling momentum.

At the same time, ARB prices are inside a bear breakout formation of mid-April 2024. Unless a strong recovery is above $1.30, sellers will remain in charge, fast-tracking the sell-off to Q4 2023 lows of $0.75.

Falling ETH prices are making the ARB drawdown worse. The second most valuable coin is down over 25% from all-time highs, failing to crack $3,000 recently. If ETH drops below $2,800, ARB could have more losses in the coming days.

The continuous unlocking of ARB does not help the situation.

TokenUnlocks data shows that on May 16, another 92.65 million ARB worth $90.86 million at spot rates will be unlocked. In April 16, over $106.54 million of ARB was unlocked.

prices are fast-falling despite the recent activation of Dencun. Investors are now considering WienerAI

(TokenUnlock)

Will Wiener AI Save The Boat? WAI Can Surge 50X After Launching

While ARB price dumps, investors are turning to Wiener AI, a new meme coin with a twist. 

Within a few weeks after launching its presale, the project has raised over $1.8 million from the community. This interest is perhaps because WAI, the native token, has proven beyond doubt that it is a utility.

WienerAI combines the fun of meme coins with the positive innovation of artificial intelligence. 

Enthusiasts are drawn to the project’s engaging backstory, which involves a scientist, a dog, and an AI robot, all brought together by a sausage.

While this combination is fun, WAI holders can stake and earn an 800% APY. At the same time, the platform offers AI-powered trading tools and zero-fee token swaps.

To cater to the security needs of its token holders, Weiner AI has been thoroughly audited by Coinsult, a trusted blockchain security firm.

Considering what WienerAI offers and the huge interest it has garnered less than three weeks after launching its presale, it appears that ARB holders are considering adding WAI to their diversified portfolios.

Analysts predict WAI, a token trading for just $0.000707 at the momentum, will surge 50X. At this pace, it will likely outperform PEPE, Dogecoin, and even BOME in the coming months. 

BUY WienerAI HERE

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Dalmas is an experienced journalist with over a decade in crypto, technology, and blockchain. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, and Entrepreneur, among others. He is passionate about crypto and is always on the lookout for the latest trends in these fields. Connect with Dalmas on X @Dalmas_Ngetich

View all Posts by Dalmas Ngetich

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