Hot Asset Introduction - ARBETF
2023/04/14 03:28
[Hotness Level] A grade (medium-term hotness) [Reason for Rise] Introduction: Bitget's exclusive $ARBETF is an ETF asset composed of popular cryptocurrencies in the Arbitrum ecosystem, with component coins including ARB, GMX, MAGIC, GNS, RDNT; (1) The Cancun upgrade, which will happen roughly around June, will lower the L2 fees, and the L2 leader Arbitrum ecosystem will benefit first and gain funding. popular projects within the Arbitrum ecosystem will benefit in parallel, further enhancing TVL; (2) There are already multiple giant whales/smart money building positions at ARB 1.2-1.3 USD, with ARB itself having high downward resistance and low upward pressure;
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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