Overview
ARPA (ARPA) experienced a significant 26.79% price surge in the past 24 hours, reaching $0.0239** with a total trading volume of **$19 million. Its market capitalization stands at $37 million, ranking #165 among cryptocurrencies.
Key Metrics
- 24h High/Low: $0.02514 / $0.01785
- Circulating Supply: 1,519,586,598 ARPA
Historical Performance:
- 1 Week: -2.14%
- 1 Month: -14.79%
- 3 Months: -27.96%
- 6 Months: -62.73%
- YTD: -62.73%
What Is ARPA?
ARPA is a blockchain-based Layer-2 solution specializing in privacy-preserving computation through Multi-Party Computation (MPC). Launched in April 2018, its protocol enables secure collaborative data analysis while keeping individual inputs private.
👉 Explore how ARPA’s MPC technology enhances data privacy
Market Context
Recent Volatility
ARPA’s rally contrasts with broader crypto trends, where major assets like UNI (-8.85%) and ether.fi (-9.53%) saw declines.
Why the Surge?
- Increased Adoption: Demand for privacy-focused solutions in DeFi.
- Technical Breakthrough: Recent protocol upgrades improving scalability.
- Market Sentiment: Short-term traders capitalizing on low liquidity.
FAQs
1. Is ARPA a good investment now?
While the 24h surge is notable, long-term performance remains bearish (-62.73% YTD). Conduct thorough research before investing.
2. How does ARPA’s MPC work?
It allows multiple parties to jointly compute data without exposing raw inputs, ideal for industries like healthcare and finance.
3. Where can I trade ARPA?
👉 Trade ARPA on major exchanges
4. What risks should I consider?
High volatility and competition from other privacy coins (e.g., Monero, Zcash).
Conclusion
ARPA’s sharp rise highlights growing interest in privacy technologies, but investors should weigh its historical downtrend. Stay updated with real-time analysis to navigate this volatile asset.
👉 For advanced trading strategies, check our expert insights