Crypto News: Arbitrum Cools Down Post Airdrop, Bitcoin At $28k …

According to Dune Analytics, the long-awaited native coin for Arbitrum, the top Ethereum blockchain scaling solution, has now been accessible to more than 600,000 recipients. Over 1 billion ARB tokens have already been airdropped and distributed to chosen individuals, and the token’s overall market capitalization has now stabilized at about £1.8 billion.

With a planned initial supply of 10 billion tokens, the market capitalization as of today is more than £14 billion. Meanwhile, Bitcoin is tracing its price near £28k and may touch £30k soon if the trend continues. Big Eyes Coin (BIG) makes headway by raising millions and offering an amazing early signup bonus for investors with a “secret code” so secret that everybody knows it!

Arbitrum Ecosystem To Change Ethereum Forever

Arbitrum (ARB) is a layer 2 blockchain for Ethereum (ETH). It utilizes a unique feature known as ‘optimistic rollups (transaction roll-ups technology) as its scaling method, meaning the Arbitrum transactions are combined into a single transaction that is recorded on the ETH mainnet.

Due to this, Arbitrum can process up to 40,000 transactions per second at a gas cost that is much cheaper than on the Ethereum mainnet. Arbitrum is expanding heavily, and the total value locked (TVL) statistic clearly demonstrates the ecosystem’s expansion.

Arbitrum’s TVL is valued at approximately £1.85 billion, having peaked at £3.2 billion in November 2021. As a result, it has the highest TVL of all Layer 2 ecosystems.

Bitcoin Rises Sharply to £28k: More to Come?

Bitcoin is on a steady rise despite having American regulators on its tail.

The largest cryptocurrency in the world has increased by 3.14% since last week. Following reports that the U.S. Commodities Futures Trading Commission (FTC) had filed a complaint against Binance, Bitcoin briefly fell below the £28,000 mark on Monday.

Since then, it has recovered. It increased to a high of £29,637.25 earlier in the day. Although the core reason behind the price hike is still not understood, analysts point to the significant rise in US stocks, as Bitcoin has a history of mirroring the movement of equity markets.

It was unclear why the jump occurred on Wednesday. But it does so amid a significant increase in US stocks. Investors have a history of treating Bitcoin more like a conventional risk asset, with its frequent moves which seem to mirror those of the more conventional equity markets.

Big Eyes Coin Ignites a Crypto Frenzy

Big Eyes Coin (BIG) – the new meme coin, has surprised the crypto community and its investors since coming to the markets with amazing giveaways and projects. The adorable coin has raised £32.4 million as of stage 12 of an incredibly successful presale. In stage 1, the BIG token was worth £0.0001, which has now gone up to £0.00049.

Investors who bought BIG in Stage 1 can expect a 390% return on their investment. BIG guarantees that every investor receives equal prospects for financial growth by using awards, bonuses, and promotional offers. Big Eyes Coin (BIG) is focused on giving cryptocurrency enthusiasts exciting ways to make a lot of money with its loot boxes that offer 1000% ROI to the most recent BULLRUN250 coupon code.

When using this limited-time promotional code, you can get a 250% bonus when buying BIG tokens.

Crypto Ecosystems Continue to Evolve and Innovate

In conclusion, the world of cryptocurrency continues to evolve rapidly with new developments and trends emerging daily. Arbitrum’s airdrop of over 1 billion ARB tokens signifies an impending bull run and the rising popularity of Big Eyes Coin (BIG) has ignited a frenzy in the crypto community with its unique giveaways and projects, making it an exciting prospect for investors. On the other hand, Bitcoin’s recent rise in price to £28k despite regulatory concerns suggests that it remains a resilient and valuable asset in the cryptocurrency market.

It is an exciting time to be a part of the crypto community, and only time will tell what the future holds for this rapidly evolving sector.