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Bitcoin recently reached a new peak, crossing the $76,000 mark for the first time. This surge followed Donald Trump’s 2024 presidential victory in the United States, sparking what some analysts refer to as the “Trump Trade.” This term describes market reactions driven by expectations of business-friendly policies and potential reductions in regulatory challenges, particularly in sectors like cryptocurrency. Some analysts from CNBC even forecast that Bitcoin could reach $100,000 by the time Trump is inaugurated. Trump’s win suggests a shift in investor sentiment, as markets interpret his return as likely to bring a lighter regulatory approach. This shift could extend to the global market, potentially triggering a bullish rally for altcoins. As Bitcoin’s value climbs, investor interest in cryptocurrency options grows, with many evaluating top cryptocurrencies to invest in now . Top Cryptocurrencies to Invest in Now Toncoin has recently gained attention thanks to developments that hav

In 2023, web3 saw a 124% surge in Unique Active Wallets, with Near, Klaytn, and Arbitrum leading growth, while others declined. In a recent report by blockchain analytics platform DappRadar on January 11, 2024, the web3 landscape witnessed substantial growth, with a 124% increase in Unique Active Wallets (UAW) engaging with decentralized applications (DApps) throughout 2023. The data spotlighted Near, Klaytn, and Arbitrum as the frontrunners in growth, while Harmony, Solana, and Hive experienced declines in user engagement. On average, 4.2 million UAW interacted daily with web3 apps, doubling the previous year’s figures. Nonfungible token (NFT) products dominated growth, boasting a 166% increase, followed by defi with a 112% surge . Social media apps, buoyed by leading protocols like Friend.tech, Lens Protocol, and Galxe, reported a 29% gain. You might also like: Bitcoin breaks $49k as spot BTC ETF trading volume surges Near, Klaytn, and Arbitrum emerged as the standout

Arbitrum is relatively cheaper versus its top Ethereum L2 rival, Optimism, which may lead to a rise in ARB price over the next few months. Arbitrum (ARB) has emerged as one of the best-performing cryptocurrencies after Ethereum's long-awaited Shanghai upgrade. Notably, ARB price gained 4.28% to $1.36 on April 13, its highest level in two weeks. This also amounts to 18% gains from its $1.15 low a day ago when the Shanghai upgrade enabled staking withdrawals on Ethereum. ARB/USDT daily price chart. Source: TradingView To recap, Arbitrum is an Ethereum layer-2 (L2) scaling solution that aims to reduce network transaction congestion and transaction fees. As a result, the market typically perceives Ethereum's growth as a boon for L2 chains. Here are three reasons why ARB could continue its bull run in Q2 to retest its record high of $1.60. More utility for ARB Arbitrum generated $2.5 million in profits in March 2023 via sequencing, according to Messari. Arbitrum financial perform

One wallet received $2 million in ARB while another collected around $1.38 million worth of tokens. As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallet s into two wallet s. According to the blockchain analysis platform Lookonchain, one wallet received 1.4 million ARB from 866 addresses. The account then added all the ARB received to the decentralized exchange Uniswap to provide liquidity. The 1.4 million ARB tokens are worth around $2 million at the time of writing. On the other hand, another wallet received 933,375 ARB, which is worth around $1.38 million, from 630 addresses. We found 2 super airdrop hunters of $ARB. 0xe1e2 received 1.4M $ARB($1.92M) via 866 addresses and added all 1.4M $ARB to #Uniswap to provide liquidity.https://t.co/sncsZTHrP2 0xbd4e received 933,375 $ARB($1.28M) via 630 addresses .https://t.co/p5vbqXMYxD pic.twitter.com/yK3Lzbe