Recent claims by analyst Jack Niewold that significant cryptocurrencies including Hedera, Aptos, Stellar, ICP, ETC, LEO Token, Avalanche, and XRP would all be flipped by Arbitrum (ARB) are audacious. Niewold asserts that ARB outperforms other assets and offers investors exposure to unliquidatable leveraged ETH beta, particularly at this time of high Ethereum costs.
But not everybody in the crypto world concurs with this evaluation. Some analysts contend that Arbitrum only offers more easy and inexpensive access to an existing network, not something of significant value to investors.
Despite having a strong business strategy, some doubt that Arbitrum can ever overtake market leaders like XRP or Aptos, especially in light of the exorbitant costs now associated with the Ethereum network.
It is important to note that, in contrast to Arbitrum, which runs on top of an existing blockchain, XRP and Aptos both aim to provide their customers with distinctive value propositions. For instance, XRP aspires to revolutionise international payments by offering quick, affordable, and secure transactions. In a similar vein, Aptos is committed to building a decentralised and scalable infrastructure for Web 3.0 apps.
Contrarily, Arbitrum is an Ethereum Layer 2 solution created to improve the functionality of the Ethereum network through the provision of quicker, less expensive, and more scalable transactions. Optimistic Rollups, a mechanism that permits off-chain computation and storage while upholding the integrity of the Ethereum blockchain, are used by the platform to do this. In essence, Arbitrum improves the Ethereum network user experience without adding any brand-new features or functions.
Arbitrum has undoubtedly become popular and is assisting in reducing the present Ethereum network congestion, but it is still unclear if it can exceed well-known cryptocurrencies like XRP and Aptos.
