STRK is the native token of layer2 project STARKNET.
A wonderful project focusing on building a zero knowledge cryptography sys to scale the #ETH chain by bundling trxs off chain.
It will provide more faster transactions and lower gas fees.
With the wild hype, it hit massive $7 from 1.5 on binance listing on Tuesday.
Coming to the project, Straknet is a wonderful project with hell of use cases and massive potential to bring some real noise in blockchain industry. Dev teams are great and working hard.
Importantly community is super united the way they are building up some real and consistent support to the project.
Coming to the token supply, #strk has massive supply of 10Billion STRK token.
The current circulating supply is roughly 728Million.
Project is just at its initial phase in build charts.
I have already took my entry around $2.01 area.
My core focus will be building this trade.
I am expecting massive opportunities in longing the coin.
As of now i am building with low leverage trades, will consistently add margins so by the end of the day, probably week or two, i will be holding hood positions.
Target
My expectations are pretty genuine at the moment. I am looking at $5 area to close my 70% trade and i will rest to test the further high area.
Caution ⚠️
Follow my insights if you are following me for least 2months. Always DYOR.
