🎁🎁Bitcoin Price is on the Rise Again🎁🎁

Bitcoin price rose again as the amount of BTC held by the German government decreased, rising above $ 58,000 and testing $ 60,000. This week the Ethereum event continues and important announcements continue to be made. Finally, in the announcement about Starknet, it was stated that staking is planned to be launched by the end of the year.

When you cannot increase the token benefit for Layer2 solutions, you cannot prevent the prices from falling. The Starknet team noticed this and shared their plans for staking at the Ethereum event. CEO Eli Ben-Sasson announced that they are presenting the Starknet Improvement Protocol (SNIP) at EthCC. Once approved by the community, staking will be launched on the mainnet before the end of 2024. After the vote, testnet will have this feature much sooner. This step, which will contribute to the decentralized structure of Starknet, marks a significant progress in the creation of the staking community and technology.

The staking recommendation has a 21-day time lock period. If in demand, the supply of STRK Tokens on exchanges may shrink, leading to significant increases in the price of STRK Tokens.

The StarkWare team stated that they are excited to propose the first phase of staking and that it will open new opportunities for users and developers. If this proposal is successful, the STRK Token supply on exchanges is expected to shrink and the price to increase. The launch of staking will greatly contribute to Starknet's decentralized ecosystem.

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