ARB faces a period of confusion and accumulation: Can the upgrade in Cancun bring new opportunities?

Can Cancun's upgrade create opportunities for ARB during its confusing and tumultuous period?

As the narrative in Cancun may be forthcoming, it is necessary to understand the risks of investing in ARB. Crypto researcher 1 AM.lens authored an article analyzing the causes of ARB’s current state of confusion, stating that the impact of the Cancun upgrade on ARB is unknown.

ARB has always been designed as a DAO governance token, but its early operations have caused doubts about long-term governance of the DAO. So, before high-quality ARB proposals were approved, there was a period of confusion about what to do with ARB, and consensus and trust issues were also present. The current selling pressure comes from the remaining positions of the airdrop and the operating costs of the ARB team. The hidden problem is the trust issue with the DAO and the trust issue with the ARB token. The impact of the Cancun upgrade on ARB is unknown, but once the bull market comes, ARB’s liquidity attraction to BSC and ETH will certainly not give another chance to get onboard.

Reference: https://twitter.com/321bigcat/status/1662429497126420483

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Policy

FTX Customers Buckle Up! $9B Shortfall Claim Payout Expected to Roll Out by Mid-2024

Good news for fashion lovers! FTX has reached a settlement with their debtors and creditors, potentially returning $9...

Policy

Sam Bankman-Fried's Lawyers Swoop In Pitching for Energetic Jury Instruction Shake-Up!

In a final attempt to secure a not-guilty verdict for their client, the Defense team referenced multiple similar case...

Market

Layout for many years but little known? Exploring the full picture and opportunities of the Japanese Web3 encryption market

What is the current situation of the Japanese cryptocurrency market? Who are the key participants? How can one partic...

Market

Wu said Zhou's selection Hong Kong regulatory agency opens retail trading, Curve hacked, Binance US Department of Justice progress and news Top10 (0729-0805)

Author | Wu's Top 10 Blockchain News of the Week. The Hong Kong Securities and Futures Commission has approved the li...

Blockchain

Hong Kong Cryptocurrency New Policy's One-Year Anniversary A Year of Major Leaps and Key Milestone Review

Over the past year, Hong Kong has made great progress and shown strategic development in virtual asset policies. Sinc...

Blockchain

Exchange captures EOS super nodes

The rise of Staking's economy has driven the business of PoS mining and has broken the power structure of EOS su...