Starknet (STRK) Price Prediction 2024-2030: Will STRK Price Hit $10 Soon?

• Bullish STRK price prediction ranges from $5.43 to $5.83. 
• Analysis also suggests STRK might also reach $6.43 in 2024.
• STRK’s bearish market price prediction for 2024 is $1.447.

Although blockchains aim to achieve three core features—security, decentralization, and scalability—users often have to compromise on one feature to get the best of the other two. One such network, Ethereum, focuses on security and decentralization while impacting its scalability feature. 

Despite facing this challenge, Starknet is one of the answers that was able to help Ethereum users. Starknet is a permissionless, validity-Rollup, also known as a zero-knowledge rollup (ZK rollup), for Ethereum. STRK is an important utility token that helps empower the Starknet.

If you are interested in the future of Starknet and would like to know the price analysis and forecast of STRK for 2024, 2025, 2026, 2027, 2028, and up to 2030, keep reading this article.

What is Starknet (STRK)?

As described on the website, Starknet is a permissionless, validity-Rollup, also known as a zero-knowledge rollup (ZK rollup), for Ethereum. As a Layer-2 (L2) blockchain, it enables dApp to achieve “massive scale for its computation without compromising on Ethereum’s composability and security.” 

Through the STARK cryptographic proof system, Starknet ensures low cost transactions while at the same time maintaining high performance. Additionally, the Starknet contracts and the Starknet OS are written in Cairo.

Starknet is able to provide scalability by shifting transaction processes off the Ethereum Mainnet. As per documents, the transactions are basically grouped in batches into blocks, processed off-chain, and summarized into a single onchain transaction. Starknet employs STARK to ensure the integrity of the transactions and their execution without having to re-execute them. 

To ensure scalability and secure privacy, STARKs, invented by StarkWare, uses cryptographic proofs and modern algebra. To simplify it, the technology basically verifies the proof without revealing much information, thus maintaining privacy. 

The Starknet Sequencer, a core component of Starknet, oversees the validation and execution of transactions and proposes blocks. Basically, their primary function is to group transactions and process them as a “collective entity.” Moreover, the Starknet sequencers, claimed by the team, can handle substantially more transactions per second than Ethereum nodes.

Meanwhile, the Prover, another core component of Starknet, establishes the “mathematical validity of the block’s transactions by generating a STARK proof, thus ensuring its integrity.” The Prover also documents each step of transaction execution, called the Execution Trace, along with tracking the resultant changes in the system’s state, aka State Diff. 

STRK is the utility token of the Starknet, which has many features within the network. As the utility token, the Starknet token can be used to pay transaction fees. Apart from paying for transaction fees, staking STRK tokens ensures the “liveness and security of Starknet.” 

Additionally, STRK token holders also earn the benefit of voting, either directly or through delegation. These governance mechanisms are expected to develop the protocol, ensuring Starknet’s liveliness, security, and maintenance.

Starknet (STRK) Current Market Status

At the time of writing, STRK is now trading at $1.94 with a total market capitalization of $1,410,185,231. STRK sits in 55th place on CoinMarketCap in terms of market capitalization. Moreover, there has been a fall of 17.99% in the past 24 hours. STRK’s 24-hour trading volume is valued at $1,673,909,371. Meanwhile, in the seven-day period, STRK recorded a 17.87% fall at the time of writing. 

STRK can be traded on major cryptocurrency exchanges such as Binance, OKX, KuCoin, Kraken, Bybit, HTX, and Uniswap.

Starknet (STRK) Price Analysis 2024

Will STRK’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect STRK’s sentiment over time? Read more to find out about STRK’s 2024 price analysis.

Starknet (STRK) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

Looking at the above chart, the candlesticks initially kept hugging the upper band of the Bollinger Bands. During its uptrend, the value of the digital asset continued to surge as the band also expanded. The expansion of the bands indicated that the market is very volatile, creating an opportunity for STRK to make a massive surge in a short period of time. 

However, once the candlestick broke beyond the upper band, the correction phase was triggered, causing the prices to fall. When the bands expanded, it also dug a deeper hole, where the candlestick faced a drastic fall. The sudden change in trend and price movement triggers the expansion of the bands. 

Starknet (STRK) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

Looking at the above chart, the RSI hit the overbought region during its uptrend run. This highlighted the buyers interest in the altcoin. After the RSI touched the overbought region, it would face a fall, reaching the lower trend region. At times, the RSI would also touch the oversold region, indicating that sellers were taking advantage of the previous uptrend. Currently, the RSI is valued at 46.55, as it continues to drop in value. 

Starknet (STRK) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

In the short term, the MACD indicator is highlighting that the STRK is currently facing a downtrend as red bars continue to form on the histogram. Meanwhile, the MACD line continues to move downward after making a bearish cross with the signal line. Additionally, the candlesticks continue to move below the 200 SMA, which could be a sign that the candlesticks may face a downward trend for a long period of time.

Starknet (STRK) Price Prediction 2024

During the uptrend, STRK easily climbed above $2.005. However, the indicators signaled that the uptrend was mostly influenced by buyers’ interest in the altcoin. After it reached the overbought region, the retracement process began. During the retracement process, the accumulation and the value of STRK decreased simultaneously. 

Currently, STRK has also fallen below the $2 mark, caused by the recent selling activities. Affected by the selling activities, the candlesticks also fell below a crucial support zone at $1.853. The recent price action could suggest that the STRK may be making moves to climb above the crucial support. 

It is expected that Starknet’s development could also create an optimistic sentiment for STRK. In such a scenario, STRK could climb above several psychological resistance levels and increase its value over the long run. In anticipation of a bullish period, STRK could break above the $5 mark seamlessly. 

Starknet (STRK) Price Prediction 2025

STRK could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, STRK will continue to rise in 2025, forming new resistance levels. It is expected that STRK will trade beyond the $9 level if the buyers’ optimism for this altcoin is high.

Starknet (STRK) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, STRK could tumble into its support regions. However, when STRK remains in the oversold region, there could be a price correction soon. STRK, by the end of 2026, could be trading beyond the $11 resistance level after experiencing the price correction.

Starknet (STRK) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. STRK is expected to rise after its slumber in the bear season. Moreover, STRK could even break more resistance levels as it continues to recover from the bearish run. Therefore, STRK is expected to trade at $14 by the end of 2027.

Starknet (STRK) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, STRK will continue to form new higher highs and is expected to move on an upward trajectory. Hence, STRK would be trading at $17 after experiencing a massive surge by the end of 2028. 

Starknet (STRK) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, STRK could be trading at $22 by the end of 2029.

Starknet (STRK) Price Prediction 2030

After witnessing a bullish run in the market, STRK and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, STRK could be trading at $26.

Starknet (STRK) Price Prediction 2040

The long-term forecast for STRK indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, STRK may face a slight fall before starting its upward journey once again. It is expected that the average price of STRK could reach $44 by 2040.

Starknet (STRK) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, STRK could surpass the resistance level of $67.

Conclusion

To summarize, if investors continue to show interest in STRK and add these tokens to their portfolio, then it could continue to rise. STRK’s bullish price prediction shows that it could pass beyond the $5.84 level in 2024. Moreover, STRK could surpass the $67 level by the end of 2050. 

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