ARB Token Price Soars with Radiant Capital Token Listing on Binance

Cryptocurrency enthusiasts are excited as Binance recently announced its intention to list Radiant Capital (RDNT) tokens on its innovation zone. The impending listing has caused a significant increase in the price of the ARB token, native to the Arbitrum network. In this article, we will discuss the recent developments and how they have impacted the ARB token price.

What is ARB Token?

ARB is the native token of the Arbitrum network, a Layer-2 scaling solution for Ethereum. It is designed to facilitate faster and cheaper transactions on the Ethereum network.

Also read: Arbitrum’s ARB Token Airdrop: How to Get Your Share of Governance Powe

Binance to List Radiant Capital Tokens

Following the launch of ARB token a few days ago, it has gained massive traction within the cryptocurrency community. This has led to Binance and other exchanges announcing their intention to list Arbitrum-linked tokens. One of these tokens is Radiant Capital (RDNT), which is currently a top lending agreement on the Arbitrum network.

According to reports, Binance will list the RDNT token on March 30 at 07:30 (UTC) in its Innovation Zone. Additionally, users on the network will benefit from zero makers fees on RDNT/USDT trading pairs. This offer will be available for the foreseeable future.

Binance also plans to add the RDNT token to its platform borrowing services 48 hours after listing, further increasing its utility value.

ARB Token Price Actions

Since its launch, the ARB token has been on a steady rise in the past 24 hours. Based on data from CoinMarketCap, it has gained at least 11.7% in value, and it is currently trading at $1.38. However, despite this recent surge, the token has been trading in the red since its inception, having been airdropped at about $11 and now trading at around $1.3.

Based on recent hype and price actions, experts and the general crypto community predict that the ARB token price could hit $2 soon.

Also read: Everything You Need To Know About Arbitrum Bridge

Upbit to List ARB Token

In addition to Binance, Upbit has also announced plans to list the ARB token. Upbit will add ARB to its BTC and KRW markets while supporting deposits from the Arbitrum network. Trading on Upbit will begin on March 30, further increasing the token’s liquidity and market exposure.

Conclusion

The listing of RDNT tokens on Binance’s innovation zone and the announcement of Upbit to list ARB tokens are significant milestones for the Arbitrum network. They not only increase the token’s utility value but also its exposure to a wider audience, leading to increased adoption and price action.

The ongoing hype surrounding the ARB token and Arbitrum network is a significant factor in the token’s recent price actions. However, as with all cryptocurrencies, price fluctuations are common and investors should always do their due diligence before investing.

FAQs

Q. What is the ARB token?

A. The ARB token is the native token of the Arbitrum network, designed to facilitate faster and cheaper transactions on the Ethereum network.

Q. What is Radiant Capital (RDNT)?

A. Radiant Capital (RDNT) is a top lending agreement on the Arbitrum network and is soon to be listed on Binance’s Innovation Zone.

Q. When will Binance list the RDNT token?

A. Binance will list the RDNT token on March 30 at 07:30 (UTC) in its Innovation Zone.

Q. What is Upbit?

A. Upbit is a South Korean cryptocurrency exchange and has also announced its intention to list ARB tokens.

Q. Will the ARB token price continue to rise?

A. It’s hard to say for sure if the ARB token price will continue to rise, as it depends on various factors like market trends and investor sentiment. However, the recent listing of Radiant Capital tokens on Binance and other exchanges could potentially increase demand for ARB, leading to a rise in its value.

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