Today, Starknet was among the day's most notable altcoins. At the time of publication, STRK was up around 40%, and trading volume had increased severalfold. The main catalyst was a statement from the team on October 8.
1. The reason for the rise — a possible move to Layer 1
Starknet is considering ceasing to be an Ethereum Layer 2 and becoming an independent Layer 1 blockchain. Its stated goal is to achieve full quantum resistance by 2027.
Why does this matter to the market?
Starknet currently uses Ethereum as part of its security infrastructure. Its own network could potentially enable faster decisions on cryptographic updates and the development of its own architecture.
However, the transition has not yet been approved. For now, it is a strategic direction, not a completed technical transformation.
2. Why is the price reaction so strong?
Three factors came together here:
— A new narrative for the market: quantum security is becoming a standalone technology narrative.
— Speculative momentum: the sharp increase in volume shows how actively market participants have started trading STRK.
— The acceleration effect: breaking through local levels may have attracted new buyers and amplified the move.
However, high volume does not guarantee further gains. Without data on spot flows and futures positions, it is impossible to say with confidence what portion of the move is driven by actual buying and what portion by short covering and speculation.
3. What could hinder growth?
The first risk is implementing the idea itself. Moving to Layer 1 will require technical solutions and could change Starknet’s relationship with Ethereum.
The second is token supply. Around 7.42 billion STRK are in circulation out of a total supply of approximately 10.17 billion. Unlocks remain a source of pressure if demand does not grow at a comparable pace.
The third is an overheated rally. After a 40% jump, a correction of even 10–15% would not be unusual for a market like this.
4. What should we watch next?
$0.060 is the level to watch for a hold after the rally.
$0.068–0.073 is the zone where buyers’ strength and the potential for further movement will be tested.
$0.057–0.058 is the next area of interest in the event of a deeper pullback.
These are reference points based on recent price movements, not guaranteed support and resistance levels.
My conclusion
STRK has a concrete catalyst that could sustain interest in the project for longer than a single trading day. But for now, the market is pricing in the possibility of future changes, not their actual results.
For the rally to continue, more than bold statements are needed: confirmation of the technical plan, sustained demand, and tangible results from the network’s development.
The key question: can Starknet turn quantum security into a long-term competitive advantage—or will the current rally remain a reaction to the news?