holders might have put the price at risk of a decline, but data showed that STRK seems to be holding on well.Large exchange deposits like this are supposed to precede a price decrease. But the Starknet token did not budge.co-founder Vitalik Buterin claimed his 845,000 STRK airdrop, worth $1.07 million. This action affected the token’s value as it dropped by 6%.However, it seemed that Starknet did not react the same way because of the U.S. SEC’s approval of Ethereum spot ETFs.
Therefore, the reading implied that for every negative mention of STRK, there were four more supporting a bullish cause. Should the sentiment remain optimistic, the price of the token might continue to In a highly bullish case, the value of the STRK might hit $1.80. However, a return to the bearish phase could cause STRK to move to $1.06.However, the bullish price prediction might be invalidated according to signals from the volume. As of this writing, STRK’s volume was $127.90 million.
This was a notable decline from the figure on 24 May. Volume can be a sign of interest in a token and market strength. Therefore, increasing volume is viewed as a healthy metric for price. Thus, Starknet’s declining volume while the price rises suggests the upswing might not last. Validation of this forecast could bring the token’s price down, and the slide to $1.06 could come to pass., according to Santiment, showed that it might not be enough to spur a move that saw STRK move past $1.50 some weeks ago.that ETH might hit a new high comes to pass, STRK might follow in the same direction. But if the altcoin fails to rally, its beta might also struggle.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »