Tag: association

• The arbitr price is around $ 0.34, an increase of approximately 5% in the last 24 hours.
• ARB is on the rise despite the reports that Nvidia has paused a highly anticipated association.
• However, the cryptocurrency market in general remains bullish.

The arbitrum price (ARB) is around $ 0.34, with an increase of approximately 5 % in the last 24 hours, despite the reports that the World Chips giant, Nvidia, has paused a highly anticipated collaboration.

With most other rising cryptocurrencies, Ethereum layer 2 scaling solution could be rising. However, do the latest news presage a mixture of optimism and uncertainty in the market?

Today’s price

The cryptocurrency is currently experiencing an upward trend, benefiting from the general impulse of the market driven by Bitcoin’s stability at a key support level. This has triggered a rebound of the Altcoins, with arbitra between the currencies that have joined the trend.

However, a recent announcement from Nvidia has generated uncertainty, leaving investors wondering what the future will hold for the trajectory of the arb price.

At the time of writing this item, arbitrum quotes at $ 0.34, with a negotiation volume in 24 hours of $ 151 million and a market capitalization of $ 1.64 billion. However, according to CoinmarketCap data, the daily volume has dropped by 21%.

Even so, the general market perspective is still positive and arbitr is showing potential signs for a greater upward movement as Altcoins continue to earn traction.

Nvidia suspends your association with arbitrum

The optimism around arbitrum was briefly eclipsed by the news that Nvidia has paused an expected announcement of collaboration with the blockchain platform, according to reported COINDESK.

Nvidia, leader manufacturer of GPU, did not specify the reasons for the delay, which left the Crypto community speculating on the future of collaboration.

This pause is aligned with the historically cautious posture of Nvidia regarding cryptocurrency projects: its CEO, Jensen Huang, once referred to the consequences of the 2018 ICO’s rise as a “cryptographic hangover” after the impact of the fall of Ethereum on GPU sales.

The indecision of Nvidia is also evidence reluctance To participate fully in Blockchain initiatives as arbitrum, which had been considering a position in the Nvidia Inception program.

Arbitrum Price Perspective

Despite the reverse, arbitr’s foundations remain solid, which could help mitigate any negative impact on its price. Recent Defillama data show that Arbitrum leads with $ 285.1 million in net flows during the last week, a clear sign of the solid investor confidence.

The upward trend in the market in general could also continue to support Arb, especially if the Altcoins maintain their upward impulse.

However, the pause in collaboration with NVIDIA could moderate short -term enthusiasm. It should be noted that a collaboration with a technological giant could have promoted the adoption and credibility of arbitrum.