StarkWare's STRK token recently saw a significant 10% surge following adjustments made by the developer firm in response to community concerns. Initially, StarkWare had planned to unlock 13.4% of the total token supply in April, but this was drastically reduced to 0.64%. The new unlock schedule will see gradual increments until March 15, 2027, aiming to alleviate worries about potential market saturation impacting token value. Starknet, developed by StarkWare, utilizes zero-knowledge cryptography to facilitate the scalability of decentralized applications on the Ethereum blockchain. However, criticism arose due to the token unlock schedule, causing STRK token price fluctuations from $5 to $2. These revisions underscore StarkWare's dedication to community input and responsible token distribution management. #Write2Earn #TrendingTopic #strk
Trading in BTC futures on the Chicago Mercantile Exchange kicked off with an impressive gap, ranging from $51,425 to $52,240. This upward momentum persists, with trading now hovering around $52,475. Meanwhile, the spot market sits at $51,640, with efforts to secure a position above the $51,604 volume level ongoing.
This scenario is a rarity, presenting a unique opportunity. The four-hour timeframe on the CME is undergoing a crucial EMA 50 test, with liquidity gathered and indicators primed. These factors suggest a potential for growth to close the remaining gap at the upper range of $53,140-$53,500.
It appears institutional players are making a concerted effort to finalize the closure of this gap, a process initiated last week and pursued over several attempts. Recall earlier discussions regarding the spot chart: a close above $51,604 today would bolster prospects for an ascent towards $53,000-$55,000.
As the daily candle approaches its close, bullish shadows below and a tug-of-war around the $51,604 volume level highlight its significance since February 15th. #Write2Earn #TrendingTopic #RNDR #BTC #BTC
Perp is a decentralized perpetual contract protocol within the DeFi ecosystem, designed to support trading for any asset. Using vAMM, it facilitates automatic market making and enables transaction matching without the need for counterparties.
Currently, Perp is experiencing an uptrend on the daily level with significant trading volume. Increased trading volume is a crucial indicator signaling the involvement of major players in market-making activities. Despite its relatively low overall popularity and absence of open interest in contracts, the lack of resistance suggests a favorable environment for price appreciation.
Keep an eye on the price range between 1.33 and 1.38, and consider entering spot positions during dips. With a 20% profit margin potential, this currency offers a promising opportunity for gains.
Despite seeing STRK plummet from $6 to $3, essentially halving my investment, I strangely feel at peace. Even though it's my final remaining funds, I can't help but find myself smiling. #TrendingTopic #Write2Earn
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