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ARB (Arbitrum) rose 1.15% in the last 24 hours.
Gate News Bot news, on November 20, according to CoinMarketCap data, as of the time of writing, ARB (Arbitrum) is currently priced at $0.23, with a rise of 1.15% in the last 24 hours, reaching a high of $0.27 and a low of $0.22. The 24-hour volume has reached $185 million. The current market capitalization is approximately $1.309 billion, an increase of $14.9 million compared to yesterday.
Arbitrum is a powerful Layer 2 scaling solution designed to make blockchain technology more inclusive and sustainable in a secure manner. It features fast and low-cost transaction confirmations, making it ideal for high volume applications. As a decentralized rollup, Arbitrum inherits the security of Ethereum and is compatible with all existing Ethereum tools and applications. The Arbitrum Foundation is dedicated to empowering the development and governance of Arbitrum technology and helping to facilitate growth and success within the ecosystem.
Important news about ARB recently:
1️⃣ Improvement in market sentiment drives ARB price rise The ARB price has seen a slight rebound in the past 24 hours, rising by 1.15% to $0.23. This increase reflects the market's continued interest in the development prospects of the Arbitrum ecosystem and the important position of Layer 2 solutions in the current cryptocurrency market.
2️⃣ Trading activity remains stable The 24-hour trading volume reached $185 million, indicating that the ARB token maintains high liquidity and trading activity in the market. This data reflects the ongoing interest from investors in the Arbitrum network and its potential in applications such as DeFi and NFTs.
3️⃣ market capitalization steadily rise ARB's current market capitalization is approximately $1.309 billion, an increase of $14.9 million compared to the previous day. Although this rise is not significant, it shows that ARB's position in the overall cryptocurrency market is gradually solidifying, and investors remain confident in its long-term development.
From a technical perspective, the ARB price fluctuates between 0.22 and 0.27 USD, showing certain levels of price support and resistance. In the short term, whether ARB can break through the 0.27 USD resistance level will be the focus of market attention.
This message does not constitute investment advice; investors should be aware of market volatility risks.