Arbitrum Cryptocurrency Surges Over 4% in a Day

15 views 2:42 pm 0 Comments May 16, 2024

Arbitrum’s ARB/USD value has surged by 4.43% in the last 24 hours, reaching $1.15, deviating from its downward trend in the previous week, where it faced a significant 19.0% decline from \(1.43 to its current price. The coin has achieved an all-time high of \)2.39.

Comparing the price fluctuations and volatility of Arbitrum in the past 24 hours (left) versus the past week (right), the chart below illustrates the Bollinger Bands’ significance in measuring volatility. A wider band or larger gray area indicates higher volatility.

Over the last week, Arbitrum’s trading volume has increased by 53.0%, correlating with the rise in the coin’s circulating supply by 0.05%. The current circulating supply stands at 2.65 billion, representing approximately 26.54% of the total supply of 10.00 billion. ARB holds the #38 position in market cap rankings with a valuation of $3.06 billion.

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