Arbitrum finally airdropped! ARB token price prediction summary: generally expected to be higher than Optimism
As the official launch of ARB token is still a week away on 3/23, many airdrop participants are eagerly anticipating the expected price. Crypto investors, analyst Miles Deutscher, and other Key Opinion Leaders (KOL) are also predicting the price of ARB.
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Arbitrum: ARB Token Airdrop Information
Arbitrum announced an 11.62% airdrop on March 16th, with detailed information provided in previous reports:
Token distribution
- Related vesting rules
Amount of tokens redeemable for points
Earning conditions for Arbitrum One points
Earning eligibility for Arbitrum Nova points
With a week until the official launch of ARB tokens on 3/23, airdrop participants are eagerly anticipating the expected price. Cryptocurrency investors, analysts like Miles Deutscher, and other Key Opinion Leaders (KOLs) are making price predictions for ARB.
Arbitrum Airdrop ARB Token Price Predictions
Miles Deutscher: $0.7 to $2
In a tweet, Miles Deutscher mentioned Arbitrum's transition to a DAO model, with ARB serving as a governance token. Analyst DefiIgnas conducted an in-depth analysis of its governance model.
One concern for Miles is the high percentage of token distribution to investors and the core team, nearly 44%. He predicted ARB price in different ways:
$1.06: Assuming Arbitrum's fully diluted valuation FDV is the same as Optimism OP
$1.74: Compared to MATIC and OP's TVL:FDV ratio
Miles believes that $0.7 to $2 is a reasonable range.
HornHairs: $0.65
Comparing OP's current circulation with ARB's initial supply.
Assuming initial circ supply of $ARB will be just airdrop & the rest of distr is locked/vested, could use $OP supply/price for some napkin math for $ARB price$OP circ supply = 314MM$ARB circ supply = 1.162B$OP price = $2.42$ARB price = x = (314/1162)*2.42 = $0.65
thoughts? pic.twitter.com/JY9pSt3jmQ
โ HornHairs ๐ (@CryptoHornHairs) March 16, 2023
Anders: $1.15
Anders arrived at an approximate value of $1.15 for ARB by averaging the fully diluted valuations of OP, APT, and MATIC.
Valuation calculations vary across different sectors, partly due to factors such as initial circulation of ARB and whether team tokens have vesting periods.
Additionally, according to Defillama data, Arbitrum's TVL is $1.72 billion, higher than Optimism's $942 million, leading most of the crypto community to predict a higher valuation for ARB tokens.