The Starknet ecosystem is gearing up for its largest community event. The Starknet Community Conference is scheduled for July 10 in Belgium. This event promises to bring together industry leaders, developers, and enthusiasts. Meanwhile, STRK token shows signs of potential price stabilization after a prolonged downturn.
This is your last chance to be part of @StarknetCC! A full day dedicated to the Starknet ecosystem, featuring: Talks by industry leaders Networking opportunities Good vibe, good food, good drink… Everything’s good!Secure your spot NOW https://t.co/xYDsjlBJus pic.twitter.com/9ZqIK4Ajxz
— Starknet (@Starknet) July 7, 2024
The Starknet Community Conference
StarknetCC aims to showcase the future of Ethereum scaling through Starknet’s technology. More than 40 panels, seminars, and workshops will be hosted at the event, held at The Egg in Brussels. According to the organizers, the event will draw about 450 people.
Node Guardians and OnlyDust are spearheading the organization of StarknetCC. The conference builds on the success of previous events held in France and Istanbul. Vitalik Buterin, the founder of Ethereum, is one of the guest speakers, which strengthens the speaker list.
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Conference Highlights and Community Focus
The conference schedule accommodates both novice and seasoned Cairo developers. Attendees can anticipate a day of networking opportunities, stimulating talks, and practical seminars. The organizers emphasize the nature of the event and characterize it as “by community, for community.”
StarknetCC will cover various aspects of the Starknet ecosystem. Participants will have the chance to explore the platform’s capabilities and potential impact on Ethereum scaling. The event also promises a party to cap off the day’s activities.
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Show more +Show less – STRK Price Analysis
While the community prepares for StarknetCC, STRK’s price action tells a complex story According to Petar from Captain Altcoin. Despite its listing on Binance, STRK has been trading in a descending triangle pattern since March. This technical formation typically suggests bearish sentiment in the market.
Petar noted that the prolonged downturn has lasted for several months. However, a recent bounce from $0.46 to current levels hints at a possible bottom formation.
Starknet’s Technical Indicators
Technical indicators of STRK reveals a nuanced situation. The Bollinger Bands are narrowing, indicating decreased market volatility. Additionally, the price is trading near the lower band, suggesting potential undervaluation.
The MACD shows signs of bullish momentum in the short term. The MACD line is above the signal line, with increasing green bars on the histogram. This setup suggests a potential upward trend forming.
STRK daily price chart Source: TradingView
STRK’s RSI is hovering around 30.83, just above the oversold threshold. This reading indicates that the asset may be undervalued or that selling pressure might be nearing exhaustion. Traders often view such conditions as potential buying opportunities.
The combination of technical indicators presents a mixed but potentially optimistic outlook. The recent price bounce, coupled with these signals, suggests that STRK might be finding a bottom.
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