Arbitrum price forecast clouds because nvidia partnership is paused
Arbitrum price forecast clouds because nvidia partnership is paused
- The price of Arbitrum is around $ 0.34, an increase of about 5 % in the last 24 hours. Despite reports,
- Arb has increased that Nvidia has paused a long -awaited partnership.
- The broader crypto market remains optimistic.
The price of Arbitrum (Arb) hovers at around $ 0.34, an increase of about 5 % in the last 24 hours, despite reporting that the global chip manufacturer Nvidia has paused a long -awaited collaboration.
With most other cryptocurrencies in plus, the Ethereum Layer 2 scaling solution could be on the way up. Does the latest message indicate a mixture of market optimism and uncertainty?
Arb price today
The cryptocurrency is currently experiencing an optimistic trend that benefits from the broader market movement, which is powered by the stability of Bitcoin at an important level of support. This has triggered an Altcoin rally, at the Arbitrum one of the coins that support this trend.
A recent announcement by NVIDIA has introduced a layer of uncertainty, so that investors are wondering what comes next for the price development of arb>
At the time of writing, Arbitrum is traded at $ 0.34, with a trading volume of $ 151 million in the last 24 hours and a market capitalization of $ 1.64 billion. According to data from CoinmarketCap, however, the daily volume has dropped by 21 %.
Nevertheless, the overall outlook for the market remains positive, and Arbitrum shows signs of potential for further upward movements, since old coins continue to become more important.
nvidia pauses arbitrum partnership
The optimism around Arbitrum was temporarily overshadowed by the news that NVIDIA has paused a long-awaited partnership announcement with the blockchain platform, such as of Coindesk reports .
nvidia, a leading manufacturer of GPUS, gave no specific reasons for the delay and had the crypto community speculate about the future of cooperation.
This break fits Nvidia's historically careful attitude towards cryptocurrency projects-CEO Jensen Huang once described the consequences of the ICO boom in 2018 as "crypto-kater" after the collapse of Ethereum had affected the GPU sales.
nvidia's hesitation is further illustrated by a fine of $ 5.5 million in the past, which was imposed on the wrong reporting on crypto-related income. This underlines its hesitating To deal with arbitrum that had an interest in Nvidia's inception program.
outlook for the Arbitrum Prize
Despite the setback, the basics of Arbitrum remain robust, which could help to alleviate any negative effects on the price.
Current data from defillama show that arbitrum with $ 285.1 million Last week is a clear sign of investors' strong trust.
The optimistic trend of the broader market could continue to support Arb, especially if old coins maintain their upward trend.
The paused Nvidia partnership could, however, dampen short-term enthusiasm. It is noteworthy that collaboration with a technology gender could have increased the acceptance and credibility of Arbitrum.