Ethereum

2024

Solana

Starknet

DeFi

<p>The post <a href="https://coinpedia.org/news/vitalik-buterins-latest-crypto-bet-why-starknet-is-worth-watching/">Vitalik Buterin’s Latest Crypto Bet: Why Starknet is Worth Watching</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Amid the heightened fear of further crypto capitulation in the coming weeks, some altcoins, led by Starknet (STRK) are gradually presenting opportunities for long-term investors to make more discounted purchases. The anticipated reversal in <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin</a> (BTC) dominance will accelerate the ongoing <a href="https://coinpedia.org/news/crypto-crash-why-crypto-whales-are-selling-bitcoin-ethereum-and-xrp/" target="_blank" rel="noreferrer noopener">crypto cash oration</a> to the altcoins.&nbsp;</p> 
<p>Moreover, the approval of spot Ether and Solana ETFs amid crypto regulatory clarity in the United States, among other jurisdictions, has set the pace for mainstream adoption of altcoins.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-ethereum-s-l2-starknet-emerges-as-2nd-option-for-vitalik-s-investment-portfolio-nbsp">Ethereum’s L2 Starknet Emerges as 2nd Option for Vitalik’s Investment Portfolio&nbsp;</h2> 
<p>Starknet (STRK), a permissionless decentralized ZK-rollup based on the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum (ETH) network</a>, has emerged as the second-highest on-chain investment for Vitalik Buterin. According to on-chain data analysis, Buterin’s associated address has unlocked 1.268 million STRK, worth about $470k.&nbsp;</p> 
<p>As a result, Buterin currently holds a total of 2.11 million STRK units, worth about $809k. Buterin’s STRK holdings are the second largest, with the Ether holdings worth more than $600 million.</p> 
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   <p lang="en" dir="ltr">Vitalik Buterin: 0x22…3A9D unlocked 1.268m STRK from the Starknet LockedTokenGrant contract at 13:15 UTC+8 today, worth about $470,000. Vitalik Buterin currently holds a total of 2.113m STRK, worth about $781,000, which is his most valuable token besides ETH. Vitalik Buterin is…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1831237719147819422?ref_src=twsrc%5Etfw">September 4, 2024</a>
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<p>Recently, Buterin clarified that he has never liquidated his top crypto portfolios unless donations to web3 projects, among others. As a result, it is safe to assume that Buterin will remain a major holder of STRK in the future.</p> 
<h2 class="wp-block-heading" id="h-growing-web3-ecosystem-nbsp">Growing Web3 Ecosystem&nbsp;</h2> 
<p>The Starknet network has attracted dozens of DeFi platforms seeking to build on the Ethereum ecosystem. As of this report, the young project had a total value locked of about $233 million and a stablecoins market cap of around $87 million&nbsp;</p> 
<p>Remarkably, Starknet’s TVL has grown from below $50 million to the current value year-to-date, suggesting rising web3 activity. Some of the top DeFi projects leveraging the Starknet protocol include Ekubo, Nostra, zkLend, and Nimbora, among others.</p> 
<h2 class="wp-block-heading" id="h-strk-price-ready-to-rebound">STRK Price Ready to Rebound</h2> 
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   <p lang="en" dir="ltr">Buy more <a href="https://twitter.com/search?q=%24STRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$STRK</a> at $0.382 and thank me late. <a href="https://twitter.com/hashtag/JUSTHODLIT?src=hash&amp;ref_src=twsrc%5Etfw">#JUSTHODLIT</a> <a href="https://t.co/2owPVn34qn">https://t.co/2owPVn34qn</a> <a href="https://t.co/GdaprrQL0O">pic.twitter.com/GdaprrQL0O</a></p>— Badman (@Badmanbtc) <a href="https://twitter.com/Badmanbtc/status/1830808532561821723?ref_src=twsrc%5Etfw">September 3, 2024</a>
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<p>From a technical standpoint, STRK’s price has been forming a potential reversal pattern after being trapped in a falling trend for the past five months. The mid-cap altcoin, with a fully diluted valuation of about $3.8 billion and a daily average trade volume of around $89 million, has formed a possible triple bottom in the daily time frame coupled with rising divergence on the <a href="https://coinpedia.org/traders/relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a> (RSI).</p> 
<p>Also Check Out : <a href="https://coinpedia.org/news/bitcoin-price-prediction-bears-eye-55k-levels-is-the-biggest-crash-in-history-approaching/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction: Bears Eye $55k Levels, Is the Biggest Crash in History Approaching?</a></p>

Vitalik Buterin’s Latest Crypto Bet: Why Starknet is Worth Watching

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