#STRK is a trending topic in the crypto space, as it is the native token of Starknet, a layer-2 network that aims to scale Ethereum with zero-knowledge proofs. Here are some of the latest trends in #STRK:
Price action: #STRK n a downward trend since its launch on February 15, 2024, when it reached a high of $5.00 USD. It is currently trading at $1.77 USD, down 64.6% from its peak. However, some analysts predict that #STRK will rebound adn will reach to $5.43 to $5.83 USD by the end of 20241.
Funding rates: Despite the price drop, the funding rates for #STRK futures contracts are positive, indicating that the market sentiment is bullish. The funding rate is the fee that long or short traders pay to each other to keep their positions open. A positive funding rate means that long traders pay short traders, implying that there are more buyers than seller
On-chain metrics: The on-chain activity of Starknet has been increasing, as more users claim and use their #STRK tokens. The daily transactions on Starknet hit a record high of 1.06 million on February 21, 2024, with a peak of 45.2 transactions per second. The computational steps per second, which measure the amount of computation performed by Starknet, also reached a new high of 1.8 billion
