ARPA Price Prediction as Over 100% Rally This Week Puts Token in 10 Top Trending Crypto Coins on CoinMarketCap
ARPA, the token that will power the ARPA Network protocol, has been on fire in recent days.
ARPA/USD was last changing hands across major cryptocurrency exchanges at around $0.11 per token, its highest level since February 2022, up around 100% this week and now up in the region of 320% for the year.
The recent surge helped ARPA reach the top 10 trending coins on CoinMarketCap, a big achievement for the coin which only has a market cap of $440 million.
ARPA is the token that will power the soon-to-be-launched ARPA Network protocol, a decentralized computation network designed to enhance the fairness, security and privacy of existing blockchains.
According to the project’s roadmap, the ARPA Network mainnet is expected to launch before the end of this quarter.
Excitement has been building towards the cryptocurrency in recent days and weeks due to the success of the project’s TestNet, the second version of which is currently interacting smoothly with the Ethereum-Sepolia testnet at a rate of around 200,000 times per day.
The mainnet will also launch on other layer-1 and layer-2 blockchains including the Binance Smart Chain (or BNB Chain), Arbitrum and Optimism.
If ARPA can break to the north of resistance in the $0.11-12 area, this should open up the door to a run higher towards the bottom channel of an old upwards trend channel, which, alongside the prior record highs from late-2021, should come into play in the mid-$0.20s.
As hype surrounding the ARPA Network’s mainnet launch grows, bulls could be in store for easy 2x gains.
But that could pale in comparison to the gains that smaller cap crypto gems like AI-powered meme-generating platform AiDoge’s AI token could enjoy.
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