Money Flows Back to Arbitrum as This Micro-cap Altcoin Looks to Capitalize – Here’s Why

Arbitrum (ARB) has seen a nice 15% price boost today, trading around $1.30. This comes on the heels of bullish comments from popular crypto analyst Michaël van de Poppe, who tweeted to his 600k+ followers that “the Ethereum ecosystem is going well” and that he is “buying the dips” on Arbitrum.

But while Arbitrum grabs headlines, there is another project that is poised to benefit greatly from expanding to Arbitrum’s layer-2 scaling solution – Wicrypt (WNT).

Metaquant posted an insightful Twitter thread about why WNT has huge upside potential once its pair trading goes live on Arbitrum. Some key takeaways:

  • WNT will be the first Depin project on Arbitrum, giving it first-mover advantage
  • Wicrypt already has nodes live on Arbitrum, so the infrastructure is ready
  • The project’s unique focus on connecting the unconnected in Africa and beyond (60%+ of nodes in Africa currently) means real-world use cases
  • With expansion into China, Germany, US and Canada via key partnerships, Wicrypt is estimating 500,000 devices sold in 2024 – generating $120 million revenue
  • Multiple tokenomic mechanisms ensure value accrues to WNT holders from hardware sales, buybacks/burns, and rewards distribution

WNT price is up 30% on the news, trading around $0.41 with still a tiny $10 million market cap. The moment WNT pair trading goes live on Arbitrum, we could see significant interest pouring in from new buyers who don’t want the hassle of bridging from Polygon.

So while Arbitrum grabs attention, smart crypto investors may want to get in early on Wicrypt before its big move to Layer 2. The roadmap and real-world usage case signal big things ahead.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!