Analyst Says Top-10 Blue Chip Altcoin Could ‘See Strong Gains' in 2024, Updates Outlook on Arbitrum and Celestia

A closely followed crypto strategist believes that one large-cap altcoin is primed to print strong gains this year. Pseudonymous analyst Altcoin Sherpa tells his 204,600 followers on the social media platform X that Binance Coin (BNB) could dip lower in the short term but undergo a big rally this year.

Timeline of Arbitrum, Celestia

Welcome to the future of decentralized gaming innovation with Binance's groundbreaking Launchpool initiative, featuring the eagerly anticipated $XAI – a gaming Arbitrum Layer 3 Chain.

Arbitrum, a prominent Layer-2 (L2) scaling solution, has been on a remarkable upward trajectory since the launch of its native token, ARB, in March 2023. The past 30 days witnessed a staggering 74% surge in ARB's value, underscoring the growing market interest in the protocol.

Investors are showing interest in a particular crypto called TIA as the bull market gains momentum in the new year, driven by notable developments in the crypto industry and the anticipation of potential airdrops.

The crypto market experienced a sharp downturn on January 3rd, with most major cryptocurrencies painted red. Bitcoin, the leading digital currency, suffered a significant blow, dropping 6-7% to retreat to the $43,000 level.

The cryptocurrency market constantly evolves, with altcoins often stealing the spotlight from their well-known counterpart, Bitcoin. As one ventures into 2024, experts in the field have identified several altcoins that hold significant potential.

Despite early struggles, Shiba Inu's Shibarium outperforms in various aspects. CoinGecko data shows Base, Optimism, zkSych, and Arbitrum as the fastest-growing layer2 blockchains. Shibarium attains 1M addresses milestone quicker CoinGecko revealed the timeframe it took leading layer2 platforms that attained 1 million active addresses.

In the tumultuous world of cryptocurrency, few names have resonated as powerfully in 2023 as Arbitrum (ARB). The crypto juggernaut has rapidly ascended the ranks, outpacing industry stalwarts and marking its territory in the competitive landscape.

Manta Pacific, a prominent Layer 2 blockchain, has recently announced its strategic move to integrate Celestia's advanced modular data availability solution. This significant step is aimed at reducing transaction fees for its users, marking a noteworthy development in the blockchain technology sector.

Arbitrum (ARB), a prominent Ethereum scaling solution, encountered a significant downtime event on December 15, according to the network's status page. The incident prompted an immediate investigation into the root cause and the deployment of a fix.

However, it's important to note that a potential rejection from the resistance trend line of the channel could result in a downward correction. Celestia's (TIA) Rapid Surge to New Highs Sparks Bullish Sentiments Celestia's (TIA) price has been on the rise since November 10, hitting a record peak of $12.47 today.