- Coinbase is indicating that it may expand its market by contemplating trading Arkham (ARKM) in the future.
- Andrew Griffiths, a cryptocurrency enthusiast, believes that ARKM is going to see a bullish trend. He emphasizes the significance of breakout confirmation and consistent trading volume.
The top cryptocurrency exchange in the US, Coinbase, is considering adding Arkham (ARKM) to its list of tradable assets, adding a revolutionary platform for exchanging intelligence to its services.
By introducing the ability for users to post bounties for particular intelligence, Arkham pioneers a new strategy inside the cryptocurrency ecosystem.
Asset added to the roadmap today: Arkham (ARKM) https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) March 18, 2024
Arkham: An Innovative Approach to Cryptocurrency Intelligence Exchange
After ninety days, the intelligence on Arkham—which was initially only accessible to buyers—will be made public, adding an interesting new dimension to the platform’s information exchange.
Primarily used for operations, the ARKM token first appeared on the Binance Launchpad in July. In November, Binance Labs made a strategic investment to further strengthen the token.
Despite its novel method, Arkham has drawn criticism for having the ability to de-anonymize users; critics have dubbed it “dox-to-earn” and “snitch-to-earn.”
Arkham quickly responded, reiterating its ban on trading off-chain personal data and its commitment to clarify market operations and prevent fraud using on-chain analysis.
Cryptocurrency users have been closely following ARKM’s financial progress. ARKM is currently worth $2.68 and is ranked 184st. Its value has risen by more than 9% in the last day.
Previously, in a parallel development to ARKM’s potential inclusion, Coinbase Futures expanded its offerings by adding Polkadot (DOT), positioning DOT alongside prominent cryptocurrencies like XRP and DOGE, as previously reported by ETHNews.
Predicting the Upward Trajectory of ARKM
Crypto enthusiast Andrew Griffiths recently offered his opinions on where he believes the ARKM market is headed. After a period of stability and price fluctuations, he projected that prices might increase.
#ARKM Arkham (ARKMUSDT) Hints at Potential Upswing
The Arkham (ARKMUSDT
) chart suggests a possible move upwards after a week-long period of consolidation with price correction. Here are some bullish indicators:
Price Consolidation: The recent price movement might be a… pic.twitter.com/ljv36uqOvm— Andrew Griffiths (@AndrewGriUK) March 17, 2024
Griffiths emphasized bullish momentum indicators, such as stable pricing and increased transaction volume, which show that buyers are becoming more eager.
But he urged traders to be cautious and look for a clear breakthrough over important resistance levels, using the previous day’s high and the 120-day moving average as indicators.