Arbitrum Prepares for Pump As Robinhood Launches on Its Network, Tron Set To Pump Hard in July

In a major milestone, Robinhood has deployed its tokenized stocks, equities, and ETFs for EU users on the Arbitrum blockchain. The ARB coin is up by more than 11% since the news, but experts believe its price could rise even higher as more products launch on the scalable blockchain.

Another altcoin that could see a massive price pump, according to chart analysts, is Tron (TRX). After successfully reclaiming the $0.28 resistance, Crypto Tony predicted that the Tron coin would pump hard in July.

Arbitrum Jumps 11% After Robinhood Partnership

In a recent announcement, Arbitrum (ARB) revealed that it is now powering Robinhood EU. This confirmed earlier partnership hype that was making waves in the crypto space. As part of the partnership, Robinhood announced that it will be offering its tokenized stocks, equities, and ETFs for its EU users on Arbitrum’s Layer 2 scaling network.

Robinhood caused a ripple in the financial markets when it announced this news. With a growing buzz regarding the concept of tokenized trading, the Arbitrum token (ARB) jumped by more than 11%, per data from CoinMarketCap.

The Arbitrum price jumped from the $0.30 support to briefly trade above $0.38, before settling around the $0.34 zone. It is likely that the ARB coin will continue to rise due to a significant user base of Robinhood, which may be the missing link between TradFi and the DeFi market. 

This partnership will also drastically increase the exposure and adoption of Arbitrum. Ali Martinez has offered insights into how the Arbitrum coin could trend in the coming weeks. 

Martinez explained that the ARB coin has been range-bound between $0.27 and $0.50 in the last few months. Martinez doesn’t expect the price of Arbitrum to pump until there is a daily close outside of this range. With the recent test of the $0.38 range, another analyst, EliZ, has forecasted that the Arbitrum price could rally to $0.56 soon. This could mean ARB could break out of this range soon.

Tron Outperforms Ethereum By 5x, Prepares for Price Pump

Of the top crypto coins, Tron (TRX) represents the slow but consistently growing altcoin. Recent data shared on CryptoQuant shows that Tron recorded over 5x the value of global USDT transactions compared to Ethereum. This follows not long after the USDT supply on Tron Network surged to over $80 billion.

CryptoQuant analyst Carmelo Alemn stated that on June 29, over $6.94 million in USDT were transferred through Tron by users compared to only $1.31 million on Ethereum. It shows that more and more users are migrating to Tron for its low-cost infrastructure, especially in developing economies.

As for the TRX coin, the price action has been confined a bullish breakout that could lead to a massive price pump. Per CoinMarketCap’s data, the price of Tron has crossed the $0.28 resistance after multiple attempts.

This is notable because $0.28 represents a major resistance zone with no other level to watch above. Crypto Tony confirms this sentiment, sharing on X that the Tron price will pump hard after crossing the $0.28 resistance level.

According to the data provided by IntoTheBlock, 97 percent of all TRX holders remain in profit, as the altcoin price passed the point of $0.28.

Arbitrum and Tron: The Best Altcoins Worth Watching in July 

Arbitrum and Tron will be in the spotlight in July. As ARB appears to leap to a multi-month high, Tron may enter price discovery as it pursues a new all-time high. Their performances may act as a great indicator of the general market trend.