I think mid term we can see price between $5-$6. Will sell some then, and load back after it dips. Hopefully, arbitrum ecosystem adds more utility where it benefits users to hold their coins. This will help appreciate price further.
A typical coin of layer 2 coin maybe gonna rose but we don't know for sure because its like SUI and pretty much a baby coin especially after giving dozen ton of airdrop maybe the sell pressure pretty much high in couple of weeks unless bitcoin can break above 30K level and other coin including ARB can rose too
But as we can see here the volume is down and the price is plumetting although the coin is pretty new I can say much
https://s3.tradingview.com/snapshots/u/UzciM3f7.pngMost of the altcoins right now are bleeding, especially layer-2 tokens. The one that recently pumped was DeFi coins which are not really too much.
I can say now is altcoins now will move as 1, with no excuses or no exemptions as Bitcoin starting to dominate (see Bitcoin dominance).
Since I also own Arbitrum tokens, my ideal buy zone also if we will fall below $1. For long term, Arbitrum is my player also.
