ARB Price to Skyrocket 50% as Arbitrum DAO Approves Staking Proposal

ARB price has been moving downward since the trend reversed after the March mini-bull run. However, with the latest news of the Arbitrum DAO approving a staking proposal, the price of ARB looks to be gearing up for a bullish breakout that could result in over 50% gains in the short term. ARB price hovered around $0.546 during the New York trading session, a 1.4% drop over the last 24 hours.