🔥STRK surges 40% against the market! The post-quantum + L1 transition narrative sets the market ablaze, and bears get slaughtered!
#STRK24小时上涨约20%
On October 11, Starknet’s STRK token surged against the trend, gaining over 40% at one point in 24 hours. It broke above 0.1 USDT to reach 0.1025, a new high for the year. While the broader crypto market fell, STRK stood out.
💥 The key catalyst: one narrative sets everything off
StarkWare CEO Eli Ben-Sasson said publicly that the team is actively considering separating Starknet from Ethereum and turning it into an independent L1, with the goal of achieving full post-quantum security by 2027. That’s two years ahead of Ethereum’s end-of-2029 target. Starknet’s STARK proofs are based on hash functions, making them inherently more resistant to quantum attacks than elliptic curve signatures. The market quickly interpreted the news as a “veteran L2 declaring independence” narrative.
📊 But this rally is being driven mainly by derivatives
STRK futures open interest jumped 53% in 24 hours, and futures trading volume was about five times spot volume. One trader used $2.9 million to open a 3x long position, with an unrealized profit of $1.05 million in a day. This is clearly a leverage-driven rally, with limited follow-through from spot buyers.
📉 Short term (1–3 months): a high-stakes gamble—chasing the rally is like licking a blade
After a 40% gain, the RSI is bound to be severely overbought. The L1 transition is currently only “under consideration” and has not yet been approved by a governance vote. Once the news-driven hype cools, the pullback could be just as sharp.
🚀 Long term (6+ months): bullish, but it depends on whether “anyone actually uses it”
Post-quantum security is a genuine technical direction, and Starknet already has a mainnet testing foundation. But the core issue remains: the chain has long been criticized for “having no users.” The L1 transition and post-quantum security can attract attention, but whether users are willing to move their funds over and stay will depend on whether the chain offers genuinely useful products and liquidity.
In a nutshell: in the short term, this is a leverage-driven narrative spike; in the long term, it’s a race between the tech narrative and real adoption.
What do you guys think—is this STRK rally the beginning or the end?
$STRK
#STRK24小时上涨约20%
On October 11, Starknet’s STRK token surged against the trend, gaining over 40% at one point in 24 hours. It broke above 0.1 USDT to reach 0.1025, a new high for the year. While the broader crypto market fell, STRK stood out.
💥 The key catalyst: one narrative sets everything off
StarkWare CEO Eli Ben-Sasson said publicly that the team is actively considering separating Starknet from Ethereum and turning it into an independent L1, with the goal of achieving full post-quantum security by 2027. That’s two years ahead of Ethereum’s end-of-2029 target. Starknet’s STARK proofs are based on hash functions, making them inherently more resistant to quantum attacks than elliptic curve signatures. The market quickly interpreted the news as a “veteran L2 declaring independence” narrative.
📊 But this rally is being driven mainly by derivatives
STRK futures open interest jumped 53% in 24 hours, and futures trading volume was about five times spot volume. One trader used $2.9 million to open a 3x long position, with an unrealized profit of $1.05 million in a day. This is clearly a leverage-driven rally, with limited follow-through from spot buyers.
📉 Short term (1–3 months): a high-stakes gamble—chasing the rally is like licking a blade
After a 40% gain, the RSI is bound to be severely overbought. The L1 transition is currently only “under consideration” and has not yet been approved by a governance vote. Once the news-driven hype cools, the pullback could be just as sharp.
🚀 Long term (6+ months): bullish, but it depends on whether “anyone actually uses it”
Post-quantum security is a genuine technical direction, and Starknet already has a mainnet testing foundation. But the core issue remains: the chain has long been criticized for “having no users.” The L1 transition and post-quantum security can attract attention, but whether users are willing to move their funds over and stay will depend on whether the chain offers genuinely useful products and liquidity.
In a nutshell: in the short term, this is a leverage-driven narrative spike; in the long term, it’s a race between the tech narrative and real adoption.
What do you guys think—is this STRK rally the beginning or the end?
$STRK