StarkNet Token (STRK) is an innovative development in the world of decentralized finance (DeFi) and blockchain technology. This project was created by renowned StarkWare Industries, a pioneering entity in the blockchain sector.
The StarkNet platform is specifically designed to address the scalability hurdles faced by the Ethereum blockchain network. With its unique features and seamless integration with Ethereum, StarkNet provides a solution to bolster transaction speed and cost-effectiveness.
The STRK Coin is a native cryptocurrency of the StarknEt network which is currently experiencing significant selling pressure, dropping by more than 17 to dip below $2. The STRK Coin went live for public trading on February 20, 2024, and it initially surged to $3.5 but has since retraced almost 50% from its peak.
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StarkNet (STRK) Price Dips After-Airdrop
The STRK Coin is currently trading at around $1.94 with a market cap of $1.4 billion. Impressively, on its listing time, the StrakNet Coin trading volume skyrocketed to an astounding $1.6 billion.
Also, many leading crypto exchanges such as Binance, Bitget, and Gate.io have announced support for the STRK Coin.
Binance announces additional support saying that they will incorporate STRK into Binance Margin, Binance Futures, and Binance Auto-Invest on designated dates. This move aims to improve accessibility and usability for traders and investors in the cryptocurrency market.
Binance Simple Earn introduces a new feature – STRK Flexible Products, providing subscribers with the chance to earn rewards through adaptable investment strategies
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Furthermore, Lookonchain has revealed a noteworthy airdrop event. This event involved a distribution of 1,432,800 STRK tokens, valued at $3 million, across 1,361 wallets. This indicates a high level of participation in the distribution of these digital assets. The airdrop has garnered attention for its significant impact on the crypto community.
Lookonchain’s analysis indicates that after receiving the airdrop, 1,361 wallet holders transferred their STRK tokens to a specific wallet address “0x027c…9078”. This action implies that recipients promptly accessed and consolidated their airdropped tokens in one address.
How High Will STRK Go in 2024?
As per our expert’s technical analysis and market trends, the maximum price level of the STRK Coin can go as high as $10.69 with an average price value of $9.53 by the end of 2024. If the market faces a bearish trend and any major negative news surrounding the StarkNet project, the prices of the STRK Coin may fall down to the minimum level of $8.38 by 2024.
Also Read: Starknet Token (STRK) Price Prediction | How High will STRK Go?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
