The post Is it time to invest in Arbitrum? Evaluating ARB’s 125% rally potential  appeared on BitcoinEthereumNews.com.

ARB could rally by 125% – 200% amid key bullish catalysts ETH’s price could further aid the token’s prospects from January 2025 According to analysts, Arbitrum [ARB] may be relatively undervalued and could offer extra 125% gains if it soars to its 2024 highs. In a recent post, Andrew Kang of crypto VC Mechanism Capital noted that ARB has been ‘fundamentally’ undervalued against other altcoins.  “$ARB has had a great rally but is still fundamentally undervalued. Trades at a fraction of Sui, AVAX, Tron, etc, but has them beat on volume and TVL by multiples.”  Source: X ARB’s key catalysts Kang added that the altcoin has seen massive institutional interest and Ethereum’s interoperability research. These, according to him, have been bullish catalysts for the price.  For his part, Blockworks Research’s Ryan Connor views Arbitrum’s Timeboost, a new priority transaction ordering system, as another key catalyst. The research firm stated that Timeboost would drive more activity on Arbitrum, claiming that the market has been mis-pricing ARB.  So, how far can ARB’s price go from here?  On the weekly charts, the medium-term target would be the upper channel ($1.9) – An 80% potential gain if hit. An extension to its 2024 high of $2.4 would boost the potential rally to 127%.  Source: ARB/USDT, TradingView That’s a conservative price target. If the breakout from the descending channel follows textbook scenarios, the bullish target would be $3.35. That’s a whopping 213% gain from its current $1 value – A potential 3x move.  At the time of writing, ARB was at a key roadblock at the channel’s median level. A decisive move above $1.2 could accelerate the odds of hitting the upper channel and a possible breakout.  Perhaps the long-term impact will be ETH’s price direction and regulatory shift. The ETH L2 segment lagged behind…

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Filed under: News - @ December 10, 2024 8:24 am