Misregarded as Arbitrum (ARB), the dead project ARbit (ARB) has increased abnormally in the past 7 days
On March 23rd, it was reported that in the past 7 days, the price of the dead old project ARbit (ARB) has increased from a maximum of $0.00024 to $0.027, a hundredfold increase. Today, the price of ARbit (ARB) has fallen back to $0.016, with a 24-hour trading volume of only $8977. The price of ARbit (ARB) has skyrocketed, presumably due to traders mistaking it for a token of Arbitrum (ARB). According to the official website, ARbit (ARB), a cryptocurrency used in the AR (augmented reality) industry, was launched in 2015, and has been silent for nearly eight years. It has long been considered a dead project.
Interpretation of this information:
The recent increase in price of ARbit (ARB) is likely due to traders confusing it with Arbitrum (ARB), leading to a hundredfold increase in price. However, the price has since fallen back and the trading volume is low. ARbit (ARB) is a cryptocurrency for the AR industry that was launched in 2015 but has been inactive for nearly eight years.
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