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Starknet Price Prediction 2024: Will Stwo Boost STRK?

Last Updated March 4, 2024 8:22 AM
Giuseppe Ciccomascolo
Last Updated March 4, 2024 8:22 AM

Key Takeaways

  • Starknet’s STRK token made its debut on the market on February 20, 2024.
  • Since then, the coin price dropped and no sign of recovery is on the horizon.
  • Despite that, one price prediction says it may reach $17.88 next year.

Starknet’s STRK token witnessed a substantial 60% price plunge since its February 20 launch, plummeting from a peak of $4 to under $1.90 after an airdrop to select blockchain users.

Notably, sales by Ethereum infrastructure firm Nethermind and airdrop hunters, who offloaded millions of dollars’ worth of the token, were observed, as reported by blockchain analysts Lookonchain . As STRK stabilizes around $1.80, what lies ahead for its price trajectory?

Starknet did not immediately respond to a request for comment.

But what is Starknet (STRK)? How does Starknet work? Let’s see what we can find out, and also take a look at some of the Starknet Price Predictions that were being made as of March 4, 2024.

Starknet Coin Price Prediction 

Let’s examine some of the Starknet price predictions being made on March 4, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $4.01 $4.54 $13.61
Prediction #2 $2.84 $4.37 $27.66
Prediction #3 $4.50 $17.88 $22.85

First, CoinCodex  had a short-term Starknet price prediction that saw the coin reach $1.792270 by March 9 before climbing to $1.901142 by April 3. The site’s technical analysis was bearish, with one indicator sending bullish signals and five making discouraging ones.

Starknet Price Prediction for 2024

DigitalCoinPrice  said Starknet would reach $4.01 this year, while PricePrediction.net  expects it at $2.84 and CryptoBullsClub  said STRK would close the year at $4.50. 

Starknet Price Prediction for 2025

CryptoBullsClub said Starknet would reach $17.88 while PricePrediction.net sees it at $4.37. DigitalCoinPrice said STRK would trade at $4.54. 

Starknet Price Prediction for 2030

Moving on to a more long-term Starknet price prediction, PricePrediction.net said the coin would be worth $27.66 in 2030 while CryptoBullsClub expects it at $22.85. DigitalCoinPrice made an STRK price prediction of $13.61 at the start of the next decade.

Google Gemini AI Price Prediction for Starknet (as of March 4)

Google’s Gemini AI platform gave the following price prediction for Starknet on March 4. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

  • Expected price: $3
  • Factors to Consider:
    • Overall market trends: The broader cryptocurrency market sentiment can significantly impact the price of individual tokens, including STRK.
    • Developments within the Starknet ecosystem: News, partnerships, and technological advancements related to Starknet could influence its price.
    • Regulatory landscape: Changes in regulations surrounding cryptocurrencies can also affect market sentiment and, consequently, the price of STRK.

Medium Term (Next 6 months)

  • Expected price: $5.83
  • Factors to Consider:
    • Market sentiment: Overall market conditions for cryptocurrencies can significantly impact the price of STRK. A bullish market might see prices rise beyond even the most optimistic predictions, while a bearish market could lead to lower prices than anticipated.
    • Technological advancements: Continued development and adoption of Starknet technology could bolster investor confidence and drive up the price.
    • Regulatory landscape: Regulatory decisions by governments and financial institutions can significantly impact the cryptocurrency market.

Long Term (Next 5 years)

  • Expected price: $6.43
  • Factors to Consider:
    • Market sentiment: Overall positive sentiment towards cryptocurrencies can drive prices up, while negative sentiment can lead to price drops.
    • Adoption and usage: Increased adoption and usage of Starknet for its intended purposes could increase demand for the STRK token, potentially pushing the price up.
    • Regulations: Regulatory changes could impact the crypto market as a whole, affecting STRK’s price.
    • Technological advancements: Advancements in blockchain technology or competing solutions could impact the demand for Starknet, affecting its price.

STRK Price History

Let’s now take a look at some of the highlights and lowlights of the Starknet price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting an STRK price prediction. 

When STRK first came onto the open market on February 20, 2024, it was worth $2.6682. It soon fell, reaching its lowest level since then at $1.6999, before moving sideways until now.

Starknet price history
Starknet price in 2024 | Credit: CoinMarketCap

It lost almost 22% since its launch, being worth $1.84 on March 4, 2024.

At that time, there were 728 million STRK in circulation, out of a total supply of 10 billion. This gave Starknet a market cap of about $1.34 billion, making it the 79th largest crypto by that measurement.

Is Starknet a Good Investment?

It is hard to say. The coin has dropped since its launch in the second half of February 2024. On the horizon, there’s no clear bullish or bearish sign.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in STRK.

Will Starknet go up or down?

No one can really tell right now. While the Starknet crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Starknet?

Before you decide whether or not to invest in Starknet, you will have to do your own research, not only on STRK, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Starknet (STRK) Explained

Starknet is a permissionless decentralized Layer 2 validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity, and security.

The Starknet token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for governance, payment of transaction fees on Starknet, and participation in Starknet’s consensus mechanism.

How STRK Works

The Starknet token is the mechanism for paying fees to enable operation of the network, maintaining and securing the network by enabling staking for consensus, and deciding on Starknet’s values and technology goals by voting for governance proposals.

STRK Attention Tracker

Starknet Google search volume
Starknet Google search volume | Credit: Google

Here is a chart for the Starknet Google search volume for the past 90 days. This represents how many times the term “Starknet STRK” has been Googled over the previous 90 days.

FAQs 

How many STRK coins are there?

As of March 4, there were 728 million STRK in circulation, out of a total supply of 10 billion.

Will STRK reach $10?

CryptoBullsClub said Starknet would reach $17.885 in 2025 already while DigitalCoinPrice and PricePrediction.net expects it to reach double digits in 2027.

What is Starknet?

Starknet is a permissionless decentralized Layer 2 validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity, and security.

The Starknet token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for governance, payment of transaction fees on Starknet, and participation in Starknet’s consensus mechanism.

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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