{"id":42941,"date":"2024-12-09T13:09:23","date_gmt":"2024-12-09T13:09:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/arbitrum-arb-is-fundamentally-undervalued-analyst-says\/"},"modified":"2024-12-09T13:09:23","modified_gmt":"2024-12-09T13:09:23","slug":"arbitrum-arb-is-fundamentally-undervalued-analyst-says","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/arbitrum-arb-is-fundamentally-undervalued-analyst-says\/","title":{"rendered":"Arbitrum (ARB) is \u2018fundamentally undervalued,\u2019 analyst says"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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Arbitrum price has gained by more than 80% in the past 30 days, becoming one of the altcoins to record notable gains as Bitcoin (BTC) smashed the $100,000 barrier.<\/p>\n

The ARB price reached a high of $1.23 on December 6, the highest level for the cryptocurrency since May. <\/p>\n

Gains over the past week currently stand at over 14%, while daily trading volume has increased nearly 8% to more than $699 million.<\/p>\n

What next for Arbitrum price?<\/h2>\n

While the ARB token has pared some of the gains with a 24-hour slip of about 5%, Mechanism Capital partner Andrew Kang says Arbitrum is largely undervalued.<\/p>\n

Kang sees Arbitrum\u2019s price as \u201ca fraction of\u201d other top altcoins such as Tron (TRX), Sui (SUI) and Avalanche (AVAX). <\/p>\n

However, the rollup chain that offers scalability for Ethereum, is way higher than the above coins in terms of trading volume and total value locked.<\/p>\n

\u201c$ARB has had a great rally but is still fundamentally undervalued. <\/p>\n

Trades at a fraction of Sui, Avax, Tron, etc but has them beat on volume and TVL by multiples (even excluding HL activity),\u201d Kang posted<\/a> on X on Monday.\u00a0\u00a0<\/p>\n

Per DeFiLlama data, the Arbitrum TVL stands at $4.6 billion \u2013 twice that of Sui and Avalanche. <\/p>\n

As Invezz recently highlighted<\/a>, Arbitrum’s TVL is much higher on L2 Beat, with the inclusion of Hyperliquid data.<\/p>\n

Kang points to this in an X post.<\/p>\n

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\"Andrew<\/div>\n
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Andrew Kang<\/span><\/div>\n
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@Rewkang<\/span><\/a><\/p>\n
\u00b7<\/span>Follow<\/a><\/div>\n<\/div>\n<\/div>\n

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Replying to @Rewkang<\/a><\/p>\n

The DeFi Llama data above doesn\u2019t include HL stats
\nL2 beat has Arbitrum TVL at $20b and HL at 10% of that<\/span><\/p>\n

3:43 am \u00b7 9 Dec 2024<\/a><\/a><\/div>\n
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43<\/span><\/a><\/p>\n

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Reply<\/span><\/a>