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Top Cryptocurrencies to Invest in Now December 12 – Arbitrum, Toncoin, Stacks

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The cryptocurrency market continues to show bullish momentum, with altcoins gaining ground as Bitcoin’s (BTC) dominance declines. The global crypto market cap has risen to $3.63 trillion, marking a 3.13% increase in the past 24 hours. Among the standout performers, Toncoin and Stacks have attracted considerable attention due to their notable weekly gains and technical breakouts. These developments suggest the possibility of further substantial rallies in the near term. This article will explore some of the top cryptocurrencies to invest in now .  Top Cryptocurrencies to Invest in Now TON has recently gained significant momentum, fueled by strategic investments and consistent market performance. Similarly, Arbitrum has shown notable growth, with its price increasing by 9.69% to $1.07. Meanwhile, Stacks is also performing well, currently priced at $2.43, which reflects an 8.29% rise within the past 24 hours. 1. Toncoin (TON) TON has recently gained significant momentum, ...

Network traffic surge stalls Arbitrum One

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At press time, the Arbitrum One network had been down for over 60 minutes due to sequencer and feed issues.  According to the network’s status page, Arbitrum, a top Ethereum scaling solution, experienced downtime on Dec. 15. The dashboard classified the incident as a “major outage”, noting that a probe was underway to discover the root cause and deploy a fix.   The Arbitrum One Sequencer and Feed stall ed at 10:29 a.m. ET during a significant surge in network traffic . We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible Arbitrum status update Arbitrum’s layer-2 network had processed over 22.29 million transactions, according to l2beat before the halt, and boasted a total value locked of $2.3 billion DefiLlama data. The L2 scaling blockchain settles on-chain transactions off Ethereum’s mainnet, offering cheaper gas fees and aiming to decongest defi’s largest blockchain. You might also like: CoinGecko reports Arbit...

NFT app Rebase co-founder accused of going ‘rogue’ in suit by partner

An apparent business partner of Rebase's co-founder claims he was pushed out of the firm and funds he owned were moved from a joint crypto wallet. The co-founder of the nonfungible token (NFT) project Rebase is facing a lawsuit from his apparent business partner accusing him of going “rogue” by stealing $2 million from a joint crypto wallet and ousting an apparent co-founder out of the firm. An April 17 filing in a United States District Court in California from Krzysztof Gagacki, who says they’re the co -founder of Rebase, made eight separate complaints against the firm's other co -founder Edmond Truong. Gagacki is demanding a jury trial for breach of contract, breach of fiduciary duty, defamation and trademark infringement. While it is unclear exactly when the professional relationship between the two deteriorated, Gagacki alleged Truong breached a partnership contract on Oct. 27. 2022 by misappropriating $2 million into a separate wallet owned and controlled by Truong wit...

Trader Joe joins top 5 DEX list as Liquidity Book model thrives on Arbitrum

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JOE token surges as Trader Joe’s Liquidity Book model climbs into the top 5 DEX list. Trader Joe has risen to the top five decentralized exchanges by trading volume after the launch of its V2 platform on Arbitrum on Feb. 1, 2023.  Top five DEX by 7-day trading volume. Source: DeFiLlama The project launched a liquidity incentive program to boost deposits for ARB, ETH and USDC trading which shared 300,000 JOE token rewards worth around $171,000. The incentive program ends on April 6. The project’s social media account reported that Trader Joe accounted for 15.7% of the total ARB trading volume in the first week. We do a little trading at Trader Joe's. Liquidity Book powered 15.7% of all $ARB trading on-chain in the first 7 days pic.twitter.com/qlcYwvXFrp — Trader Joe | (@traderjoe_xyz) April 2, 2023 While JOE token incentives played a hand in increasing the liquidity for ARB token, innovation from the team in developing the capital efficiency of the DEX is the primary reas...

Arbitrum: When Will ARB Token Reach $100?

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Offchain Labs native token Arbitrum ( ARB ) has been trending this year with investors jumping on the ‘hype’ bandwagon. The social media chatter among crypto influencers claimed that ARB could hit $100 next, turning early investors into millionaires. While going from $1.50 to $100 in a short period isn’t new in the cryptocurrency markets, not every token realizes such growth. However, the majority of ARB holders believe that the token could reach $100 during the next bull run and deliver them their desired financial returns. Also Read: Donald Trump Blames President Biden for Bank Failures, Economic Catastrophe Source: CoinGecko Arbitrum: Can ARB Reach $100? Source – Crypto News Arbitrum is currently trading at $1.23 and needs to rise 8,100% in the next bull run to reach the $100 milestone. The prospect of that occurring remains slim as its market cap needs to climb above $1 trillion to reach $100. Bitcoin’s market cap currently stands at $532 billion which is the ha...