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Will Increased Circulating Supply Impact ARB’s Value by 2024?

Published 25/07/2023, 17:48
Will Increased Circulating Supply Impact ARB’s Value by 2024?
ETH/USD
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  • Arbitrum has engaged in various activities to establish itself since its inception.
  • There are projections that ARB’s circulating supply will more than double next year.
  • The circulating supply will increase by 116.3%, according to data from Token Unlocks.

Arbitrum (ARB), a scaling solution on Ethereum, is expected to inject more native tokens into circulation by March 2024. According to projections, the anticipated token release would double the current ARB circulating supply in Arbitrum’s network.

ARB, Arbitrum’s native token has experienced some volatility during this period, responding to market trends and the overall crypto market behavior. However, some developments are peculiar to Arbitrum, as ARB investors focus on the token’s price behavior in the recent past. They are also observing the proposed activities that could impact ARB’s price in the future.

One anticipated development that could impact ARB’s value is the impending increase in the digital token’s circulating supply. There are projections that ARB’s circulating supply will more than double next year. Precisely, it is expected to increase by 116.3%, according to data from Tok…

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