@Starknet launched token $STRK on Mainnet in November 2022, and went public in February 2024. With over 1.6 billion STRK in circulation and a market cap of nearly $630 million, $STRK has entered the top 75 largest cryptocurrencies.
Despite the recovery, STRK is still heavily influenced by the short-term downtrend over the past month. In my view, if it can break above the $0.7274 resistance level, STRK can break out of this downtrend. In the long term, Starknet has strong growth potential, especially if it breaks above the $0.82 resistance level, and approaches the target of $1.06, which is an increase of more than 55%.
With a strong foundation and financial support from large investment funds such as @paradigm and @sequoia, Starknet is not only a normal blockchain project but also a name worth paying attention to and considering in your investment portfolio. Although it seems a bit weak at present, the long-term signals show a brighter future for $STRK . #Layer2 #STRK
#CPI tonight at 14/08 - forecasts from financial institutions
- CPI: Forecasted increase ranges from 0.13% - 0.26% for July. Annual inflation rate is forecast to remain stable at 3%.
=> The median forecast increased by 0.2% in July, with the annual inflation rate expected to be 3.0%.
--- - Core CPI: Forecasted increase ranges from 0.08% - 0.22% in July, with the annual inflation rate expected to decrease to 3.2% (median), down from 3.3% last month.
=> The median forecast increased by 0.19%, with the annual inflation rate decreasing slightly to 3.2%.
--- The Fed sets a long-term inflation target of 2%. With this forecast, inflation is still higher than the target, but has a downward trend -> Inflationary pressure is decreasing -> Expectations for a September interest rate cut are even higher.
THE FUTURE OF #ETH Look at the current gas fee of Ethereum - a The Queen of the crypto market has dropped to the lowest level in the past 5 years.
Since The Merge switched from PoW -> PoS, everything with ETH has been gloomy and even more gloomy.
Including the Dencun Upgrade supporting L2 and the large number of L2s compared to the present, it has also indirectly pushed the fee down to a low level continuously throughout the past time.
It is true that there are many L2s, but it is not certain that all L2s have many users and are continuously active, for example, the current top L2s can be counted on the fingers.
To explain more clearly, I have 3 ideas to share with you:
1/ Gas fee decreases When the gas fee on the Ethereum network drops to a low level, less ETH is burned.
The EIP-1559 mechanism is responsible for this part where a portion of the transaction fee (called "base fee") will be burned.
When transaction fees are low, the number of $ETH burned decreases, resulting in less $ETH being removed from circulation.
2/ ETH Supply Increases When less ETH is burned than new ETH is issued through staking in the PoS mechanism, the total ETH supply increases.
3/ Layer 2 It is obvious that Base and Arb have helped reduce the load on the Ethereum mainnet, reducing congestion and lowering gas fees.
$SUI This part is really seen as a lot of Western Kols shill, but this part is shilled by many brothers, you need to be careful!
After this increase, if you really want to buy, you have to wait patiently, currently the money force in the market is weak, so it is very difficult to push the roof of $SUI in a short time!
Not to mention I heard that some Kols will soon unlock their private tokens, so I am shill
---> Don't fomo buy at this price, if you really like sui, calmly wait for the price to correct and go sideways for a while #SUIđ„đ„đ„đ„ #layer1 You guys go to my profile on my personal page to join the free cryto group to catch the upcoming strong increase.
This time last year, everyone criticized $SUI this ââSUI that, and now $SUI lo is just a name.
SUI is proving itself to be a technology coin
Maybe 1 year later, Tac lo, or many new exchange listings will be like $SUI , everyone is praising, everyone is praising.
Is the uptrend here, guys? #sui #bitcoin #binance Guys go to my profile on my personal page to join the free cryto group to catch the upcoming strong increase.
Is anyone feeling the same as me right now, although everything may be bad, the psychology of 60K at that time is very different from the previous time
If you are not really fomo, dump now so that retailers have a chance to get in or bad news comes out but still pump like the 17K period
Altcoins are currently very strong compared to BTC, some have doubled like $SUI still going against the wave
At each time of the altcoin wave, there are a few wave leaders, especially coins that go against the storm and have many catalysts for growth #bitcoin #binance Please go to my profile on my personal page to join the free cryto group to catch the upcoming strong growth wave.
Seeing the $ETH coin system flying so high - Superchain $OP also PUMPs but loses to the $ETH coins
Because $OP has more or less pumped slightly before
As for $STRK, it has probed the bottom several times before PUMPing more than 10%
In general, for me, $OP peaks, even though it is a small PUMP, but many waves, it just slowly goes up, right? #layer2 #bitcoin Guys, go to my profile on my personal page to join the free cryto group to catch the upcoming strong increase.
I am very optimistic about the market in the next year
You guys also know that my style is mainly looking at the monthly frame, every crash is the time for me to accumulate more to fill my bags, my buying method is also similar to Mr. Thuan Capital, but the difference is that I go deeper into Tech, and buy more #altcoinsâïž smaller than him
I think the first thing when coming to the market, every investor needs to learn how to manage their personal investment portfolio, what is the proportion for #crypto , what is the goal and the plan to respond when there are changes,...
Personally, I have waited throughout 2022, 70% of my time in 2023 was also Research and waiting, at the beginning of 2024 I restructured a bit and up to now I have been buying back almost full bag, of course the amount of crypto investment only accounts for more than 10% of the assets outside, and still plowing hard, always prepare to take risk if it happens
For me, preparing for the next year, having goods in my bag is INDISPENSABLE! So even if this time it collapses further, my action is still to buy more
I see many of you guys are quite confused recently, this is also a common thing in all people, fear is also a natural reaction to protect yourself and warn that something is out of control #bitcoin #binance AE go to my profile on my personal page to join the free cryto group to catch the upcoming strong increase.
$STRK has been very interested in the Vietnamese community since it was first released, I wonder if you guys are still holding it when MM is too price-hungry or has he already left the ship
After the captain change, the Roadmap of Tac Lo is currently on schedule as previously set out.
Although only a part of what was set out has been completed, it also proves that the new captain is also very interested in rebuilding the community's trust #STRK #Layer2
Currently, there is a proposal to deploy ARB Staking & it is likely to be approved by the community. The goals of ARB Staking include:
1 Increase the value of ARB.
2 Encourage ARB Holders to participate in governance on Arbitrum, the number of users participating in governance on Arbitrum is decreasing day by day.
3 Share profits from Sequencer fees, MEV fees, Validator fees, ... to ARB token holders who have been authorized to participate in active governance.
The deployment is expected to take place in October 2024.
Personal opinion
It is only a matter of time before a Layer 2 platform launches Staking if it does not want holders to not have any benefits. Especially in the context where the valuation of Layer 2 is too high and the holders have no benefit, it is understandable that they sell tokens.
I still remember very clearly the day Sui announced no airdrop, the community was extremely angry and everyone said this would be a deadchain because no one supported it. The price of $SUI has dropped from somewhere around $1.5 to $0.37, further confirming those criticisms.
However, after a series of positive news recently, people started to FOMO again and talk about technology, talk about potential,... and the result is shown in the price line when this is one of the best Layer1s in the market, the community has since then turned back to Sui.
Looking at Layer 2, Starknet at the present time also has many similarities with Sui when:
1ïžâŁ Both were invested by large investment funds and one of them encountered problems:
- Starknet encountered problems after 3AC collapsed.
- Sui encountered problems after FTX collapsed.
2ïžâŁ The core team are all famous and experienced faces:
- StarkWare was very successful with dYdX, IMX,... - Mysten Labs was separated from Facebook's DIEM.
3ïžâŁ Both projects had a TGE with both success and failure when:
- Success because FDV when listed was at a very high level (received high appreciation from investors).
- Failure when not receiving support from the community because of missed airdrop or no airdrop. #bitcoin #binance