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🚀🔥#TrendingTopic . The token's market cap is approximately $2.47 billion according to CoinGecko. However, its fully diluted valuation (FDV) is a massive $34 billion currently.. If $STRK's FDV was considered its actual market cap, it would rank as the 6th largest cryptocurrency globally, positioned between $SOL and $XRP.. The distribution of $STRK's tokens has raised concerns among the crypto community due to nearly half of the total supply being allocated to the project, team, and investors.. There is significant worry over the planned release of 13% of $STRK's total supply to the team and investors in early April.. Initially, $STRK traded at a high of $5 on Kucoin, but it dropped to as low as $2.27 before climbing back over $3, as reported by CoinGecko.This news discusses the trading debut of Starknet's $STRK token, its market cap, concerns about token distribution, and the token's price fluctuations in the early trading phase.Based on the information provided in the post about Starknet's $STRK token, there are both positive and negative aspects mentioned that could potentially influence the token's future price movement. Positive factors:1. The token recorded a high trading price of $5 initially.2. It rebounded from a price slump to over $3.3. The token's FDV of $34 billion indicates significant market interest.Negative factors:1. Concerns raised by the crypto community about tokenomics and distribution.2. High allocation of the token's total supply to the project, team, and investors.3. Specific worry about the release of 13% of the total supply to team and investors in early April.In this context, the negative factors such as criticism from the crypto community and the large allocation of tokens to the project and investors could potentially weigh on the token's price movement. However, the high market interest reflected in the FDV and the initial positive trading price could also indicate bullish sentiments. Considering both positive and negative elements, the future price direction of Starknet's $STRK token remains uncertain and could be influenced by a variety of factors.#Write2Earn #tradeNTill #TradingWithChatGPT $BTC $ETH

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#TrendingTopic Nigeria has asked its telecommunications firms to restrict access to the websites of cryptocurrency firms such as Binance, OctaFX, Coinbase and others, months after its Central Bank issued a guideline to govern digital asset operators’ activities.In December 2023, the Central Bank of Nigeria changed its stance on crypto assets and asked banks to disregard its February 2021 ban on crypto transactions.This new restriction on crypto websites is aimed at slowing currency speculation activities in the country, with Binance stating that its platform is not for currency pricing. The platform said this after users complained about their inability to buy dollars.While noting its commitment to a market-driven, fraud-free, and manipulation-free platform for its users, Binance said, “Furthermore, as industry leaders, we are working hand in hand with local authorities, lawmakers, and regulators to ensure we act on non-compliance.”Later on Wednesday, the firm confirmed that it paused transactions to protect users from price suppression. Addressing rumours that currency speculation was thriving on its platform, the firm said, “It is important to note that foreign exchange rates are influenced by various complex factors, which Binance has no influence on.“However, we continue to actively engage with regulators, policymakers and other relevant stakeholders to foster an open, transparent dialogue about managing the evolving landscape of cryptocurrency and financial markets.”However, in a move that began as a rumour, the Nigerian Communications Commission has asked telecom firms to block access to the websites of Binance and other cryptocurrency firms.According to a top source in the telecoms industry, telcos got a directive from the commission today. The restriction is to take effect immediately, the source added. There is no timeline yet for this restriction. When Nigeria blocked access to Twitter in 2021, it asked telcos to restrict access to the platform.#Write2Earn #tradeNTill #TradingWithChatGPT