Arbitrum

Gains Network

Gains

Coin

<ul class="news-points"> 
 <li>Liquidity on the Arbitrum ecosystem has increased since the STIP grant to several projects.</li> 
 <li>ARB may reach $1.20 if the RSI reading crosses 65.00.</li> 
 <li>The MACD indicated that ARB may retrace, so traders may need to refrain from long positions.</li> 
</ul> 
The price of <a href="https://coinedition.com/tag/Arbitrum-arb/">Arbitrum (ARB)</a> in the last seven days has grown by 15.56%, according to data from price tracking platform CoinMarketCap. While the growth may be connected to the rising tide of altcoin prices of late, there are also some underlying factors that have kept ARB on the upside. 
For one crypto researcher known as Emperor Osmo, ARB’s increase was connected to Arbitrum’s Short-Term Incentive Program (STIP). In October, Arbitrum announced that it was giving a number of project short-term grants. 
<h2 class="wp-block-heading" id="h-stip-pushes-the-recovery">STIP Pushes the Recovery</h2> 
After a period of screening, applicant projects including GMX, Gains Network (GNS), and 27 others won a share of the program’s funding. According to Osmo, the program has been vital to the jump in liquidity in the Arbitrum ecosystem. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 I see recoveries from the lows all around <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@arbitrum</a> Not fading the ability of <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> STIP to drive liquidity growth in a still illiquid market. I added more to <a href="https://twitter.com/search?q=%24GRAIL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$G…</a>
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/arbitrum-arb-could-be-destined-to-stay-above-1-heres-why/">Arbitrum (ARB) Could Be Destined to Stay Above $1, Here’s Why</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Arbitrum (ARB) Could Be Destined to Stay Above $1, Here’s Why

Table of Contents

Coin Edition

Other articles published on Nov 6, 2023

Mauritius collecting feedback for inclusion of the metaverse

The Simpsons Features NFTs and Blockchain in Halloween Episode

Shiba Inu-Based BONE Eyes $1 As This On-Chain Metric Explodes

Solana trading volume surges amidst market rally

Soaring Crypto EGLD – Asia Turns Away from Bitcoin!

Rising Stakes: Polkadot (DOT) Nears 50% Amid Bullish Trends

Join our free newsletter for daily crypto updates!