ARB Token Predicted To Rise, Crypto Analyst Wants Traders To Be More Realistic

Token Arbitrum. (Photo; Doc. Decrypt)

JAKARTA - Crypto traders are paying attention to the potential for new tokens from Ethereum's scaling solution called Arbitrum (ARB). At the same time, a well-known crypto analyst in cyberspace warned traders not to get too carried away with excessive claims about the potential for ARB price increases.

According to him, traders must take a realistic approach in estimating the price of ARB tokens and carry out careful calculations before investing.

In a recent video on YouTube, anonymous InvestAnswers hosts reject excessive claims that ARB could reach a fantastic value of 100 US dollars or Rp. 1.5 million. He reminds us not to get too carried away, and it is better to do careful calculations before determining investment steps.

According to Invest Answers, if ARB rises to a price of 100 US dollars (Rp. 1,500,000), then the full market value will reach 1.3 trillion US dollars (Rp. 19.6 quadrillion). Of course, such a figure is not realistic for now.

Therefore, he warns traders to be careful in believing all kinds of nonsense circulating on the internet. Don't believe too much in fake news, or be too easily tempted by promises of big profits that are too fantastic.

Host Investment Answers also gave warnings about the confusion in ownership of ARB tokens. Currently, a large number of ARB tokens are still concentrated in the hands of several large shareholders. In addition, 87.2 percent of the circulation of ARB tokens still has to be unlocked.

According to Invest Answers, the full market value of ARB has now reached more than US$13 billion (Rp196 trillion). This figure has even exceeded the full market value of several other large altcoins, such as Polygon (MATIC) and Solana (SOL).

Although it was just launched and made its first airdrop last week, the value of the ARB token immediately declined sharply from around 5.04 US dollars (Rp 76 thousand) to 1.19 US dollars (Rp 17,900) in just a few hours. Currently, the value of ARB has recovered slightly to 1.16 US dollars (equivalent to Rp17,500) per token.