Is Arbitrum Doomed? Price Drops 28% as New Dogecoin Rival Rakes in $2.8 Million

Layer 1 Ethereum competitor Arbitrum ($ARB) took some of the worst price losses of yesterday’s market-wide crypto crash. While it quickly recovered 14% in the last 24 hours, its seven-day losses amount to 28%. It now trades for $0.5028 a token. This kind of price movement is closer to meme coin volatility. Market leader Bitcoin […] source: https://cryptonews.com/news/is-arbitrum-doomed-price-drops-31-as-new-dogecoin-rival-rakes-in-2-8-million.htm