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
We can't really compare ARB with SUI, could we? I mean judging from the growing TVL and the increasing transaction volume in Arbitrum, I think it could reach 10 billion market cap and even outpace the likes MATIC and ADA in a fully fledging bull market. ARB could basically be a leveraged bet for Ethereum and many projects in ETH L1 will later have to have a go to L2 and Arbitrum would be their best option since it has the highest TVL, activity and volume.