Analysts Eye New Altcoin as Arbitrum and FET Steady in Q4

Arbitrum One Reaches $20 Billion TVL Milestone

Arbitrum One has surpassed $20 billion in total value locked (TVL), establishing itself as a leading Layer-2 blockchain. This milestone underscores Arbitrum’s robust ecosystem and the growing confidence of investors in Layer-2 solutions.

The Arbitrum Foundation is advancing its ecosystem with a focus on AI and technology. These developments solidify Arbitrum’s position as a frontrunner in blockchain innovation.

As of December 5, Arbitrum’s ARB price rose by 17.46%, reaching $1.18, while its market cap hit $4.84 billion. Despite this growth, trading volume dropped by 3.01% to $1.38 billion. Nonetheless, the expanding TVL highlights Arbitrum One’s growing prominence and potential to redefine decentralized finance.

Fetch.ai (FET) Gains 12% Amid “Earn-and-Burn” Momentum

Fetch.ai (FET) has gained traction following the launch of its “Earn-and-Burn” mechanism, which aims to burn up to 100 million tokens in December. This strategy has fueled a bullish rally, breaking Fetch.ai out of weeks-long consolidation within a symmetrical triangle pattern.

• Fetch.ai surged 12%, reaching $1.94 within 24 hours.
• Key resistance levels lie at $2 and $2.15, with a potential target of $2.70—an impressive 71% upside.

Technical indicators support continued bullish momentum, with the Relative Strength Index (RSI) at 65, signaling further upward potential. Holding above its breakout zone could sustain the rally.

Lunex Network: Revolutionizing Crypto Trading

Lunex Network is capturing attention with its groundbreaking approach to crypto trading, offering seamless multichain interoperability and lucrative staking rewards. Here’s what sets Lunex Network apart:

• Interoperability: Connects isolated blockchains, enabling traders to swap over 50,000 crypto pairs at optimal rates.
• Advanced Security: Utilizes smart contract technology for secure transactions without third-party wallets or KYC procedures.
• Lucrative Staking Rewards: Offers up to 18% APY within 30 days, with opportunities to enhance rewards through additional staking.

Lunex Network’s deflationary $LNEX token, supported by a buyback mechanism, further strengthens its value proposition. Priced at just $0.0038, the token has attracted retail and institutional investors, raising over $4.4 million during the presale. Analysts forecast a 2000% surge by the presale’s conclusion, with potential for a 1,000% rally in 2025.