$STRK Bearish Momentum: The price has dropped by 7% to $0.1055, continuing a strong downward trend. Technical indicators show weak momentum with the Relative Strength Index (RSI) below 40.
Release Pressure: A large amount of tokens will be released on December 15, freeing up 1.63% of the total supply, which creates significant selling pressure before the event.
Mixed fundamentals: Despite the network upgrade (v0.14.1) to improve performance, market sentiment remains overwhelmingly bearish, driven by release fears.
Yield opportunities: While the price faces pressure, holders can explore securitization rewards to generate yield or monitor any potential distributions from ecosystem tokens.
The downward trend is worsening for $STRK
STRK fell more than 7% to $0.1055, with bearish technical indicators such as a weak relative strength index. Outflows of capital and the approaching token release date on December 15 add significant downward pressure on the price.
The upgrade was implemented amid fears of the release.
Starknet v0.14.1 upgrade is now live, aimed at enhancing the network's performance.
However, market sentiment is overwhelmingly bearish due to the approaching token release date on December 15, creating significant selling pressure. 🔗
Earning opportunities on STRK token
Token holders can securitize STRK tokens to help the network secure itself and earn rewards.
The growing ecosystem of the Starknet network may provide opportunities for future token distribution from new protocols being built on the network.
Strategic considerations
Monitoring price movements as the important token release date approaches on December 15.
Securitization is a potential yield strategy for long-term holders.
