Recently, the altcoins Arbitrum and PI Network have shown significant growth, which may signal the beginning of new trends. Let's examine their current metrics and prospects.
Arbitrum (ARB): What Are the Chances of a Breakout?
Arbitrum (ARB) has experienced a period of low activity since early 2024, but recent changes on the charts may indicate a possible breakout. Currently, ARB is trading around $0.4675, which is 7.65% higher than the previous day. The daily chart shows a breakout above the 50-day moving average, which could signal the beginning of a reversal. Volume indicators confirm increasing investor interest. If ARB can hold above $0.45, this suggests a possibility of rising to $1.00 in the short term.
PI Coin: The Silent Giant Awakens
The price of PI Coin rose by 26%, reaching $0.9594, breaking a long period of low volatility. The 20-day and 50-day moving averages are showing an upward trend, and the accumulation indicator confirms growing activity. Since its previous level at $0.40, the price has nearly doubled in just a few sessions, making this token appealing to speculators.
500x: Realistic or Impossible?
When discussing the possibility of a 500x return, it's important to note that achieving such levels would require significant market changes. Currently, talks of 10x to 50x appear more realistic if the cryptocurrency market activates, and cryptocurrencies like BTC and Ethereum demonstrate substantial growth.
Despite the high expectations, the possibility of achieving a 500x return for both Arbitrum and PI Network remains in question. Nevertheless, both tokens show strong technical indicators that could lead to significant growth in the future.
