Token

Starknet

Sponge

Polygon

Rewards

<p><span style="font-weight: 400;">The Starknet price dropped 6% in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/starknet-token/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">to trade at $1.8966</span></a><span style="font-weight: 400;"> as of 00:17 a.m. EST on trading volume that plunged 37% to $1 billion.</span></p>
<p><span style="font-weight: 400;">The STRK price has slumped 20% since its launch earlier this week, a drop that’s most likely attributable to the </span><span style="font-weight: 400;">controversy surrounding its 780 million token airdrop. That blew up when </span><span style="font-weight: 400;">it came to light that the token’s generation event took place in November 2022, with the initial one-year vesting period pushed back to April this year.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Stealth launch token onchain, count it as TGE and release token 2 years later but count that as vesting start date.</p>
 <p>We see a lot of shit in token land, but that has to be one of the sketchiest moves yet.</p>
 <p>— Adam Cochran (adamscochran.eth) (@adamscochran) <a href="https://twitter.com/adamscochran/status/1757773408111095922?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">As such, 13% of the total supply, worth more than $2.6 billion, could be unlocked in April.</span></p>
<h2 id="span-style-font-weight-400-starknet-price-breaks-above-the-symmetrical-triangle-span"><span style="font-weight: 400;">Starknet Price Breaks Above The Symmetrical Triangle</span></h2>
<figure id="attachment_482663" aria-describedby="caption-attachment-482663" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-482663" src="https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_2024-02-22_08-17-57.png" alt="Starknet Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_2024-02-22_08-17-57.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_2024-02-22_08-17-57-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_2024-02-22_08-17-57-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_2024-02-22_08-17-57-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-482663" class="wp-caption-text">
  STRKUSD Chart Analysis Source: Tradingview.com
 </figcaption>
</figure>
<p><span style="font-weight: 400;">The Starknet price is still in a consolidation phase as the struggle between the bears and the bulls turns more intense. The formation of a symmetrical triangle pattern supports the movement of the STRK price.</span></p>
<p><span style="font-weight: 400;">However, the bears tested the crucial support level at $1.8, as the bulls face resistance at $2.18. The STRK price is trading slightly above the 50-day Simple Moving Average (SMA), coinciding with the token’s support at 1.85.</span></p>
<p><span style="font-weight: 400;">Additionally, the Relative Strength Index (RSI) seems to be rebounding from the 50-midline level at 54. If there is sustained bullish momentum, the RSI could be on an upward trend towards the 70-overbought region. This could consequently rally the price, as there would be intense buying pressure.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-482664" src="https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_MACD.png" alt="STRKUSDT_MACD" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_MACD.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_MACD-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_MACD-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/STRKUSDT_MACD-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"></p>
<p><span style="font-weight: 400;">Furthermore, the Moving Average Convergence Divergence (MACD) line (blue) is trading above the signal line (orange), signifying a bullish crossover. This is an indication of a suitable entry point for investors.</span></p>
<p><span style="font-weight: 400;">The green bars on the histogram also support the bullish sentiment, as they extend above the zero line. This means that the price is currently on a positive trajectory.</span></p>
<h2 id="span-style-font-weight-400-starknet-price-prediction-span"><span style="font-weight: 400;">Starknet Price Prediction</span></h2>
<p><span style="font-weight: 400;">Starknet’s short-term technical analysis shows that the price is bound for a bullish reversal as it breaches the upper boundary of the symmetrical triangle. The bulls aim to break out of the consolidation phase as they breach the resistance at $2.18, targeting new resistance at $2.63.</span></p>
<p><span style="font-weight: 400;">However, if the bears exert more pressure, as the RSI is near the 50-neutral zone, it may easily cross to the oversold levels, which could drive the price down further to the support zone at $1.66.</span></p>
<p><span style="font-weight: 400;">While STRK bulls are looking for the best entry point, many other investors are considering Sponge V2 in the hope it can repeat the 100X gains its predecessor, Sponge V1, produced last year.</span></p>
<h2 id="span-style-font-weight-400-buy-sponge-v2-a-promising-opportunity-for-100x-returns-span"><span style="font-weight: 400;">Buy $SPONGE V2, A Promising Opportunity For 100X Returns</span></h2>
<p><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Sponge V2</span></a><span style="font-weight: 400;"> is emerging in the crypto space as an upgraded version of Sponge V1. If you missed Sponge’s 100X surge last year, you now have an opportunity for the same with Sponge V2, before its imminent launch on prominent exchanges.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">POV: you didn't buy <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> and the FOMO hits 👊🧽<a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/100x?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#100x</a> <a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</a> <a href="https://twitter.com/hashtag/Bullish?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bullish</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> <a href="https://t.co/b4OfAZiAak" rel="noopener noreferrer nofollow">pic.twitter.com/b4OfAZiAak</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1759593863541358628?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 19, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Earlier this month, Sponge V1 was discontinued, with over 13,000 holders moving to the more secure and cost-efficient V2 on the Polygon Network.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">📣 Attention, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGERS</a>!</p>
 <p>Here is some important information to remember about <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V2!<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1 has officially been discontinued, and V2 has been launched on <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Polygon</a>! 🔥</p>
 <p>Learn more about the token details below 👇<a href="https://t.co/TCdxgXx40w" rel="noopener noreferrer nofollow">https://t.co/TCdxgXx40w</a></p>
 <p>🧵1/3 <a href="https://t.co/YZzXOlKmHY" rel="noopener noreferrer nofollow">pic.twitter.com/YZzXOlKmHY</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754826966048657421?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">The project aims to revolutionize the market through its unique approach to transaction fees, liquidity provision, and staking mechanisms. Sponge V2 absorbs a small percentage of every transaction, redistributing it to you as a token holder. As such, holders who stay in the community for a long time are rewarded.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-stake-sponge-v2-912-annual-rewards-span"><span style="font-weight: 400;">Stake $SPONGE V2, 912% Annual Rewards</span></h2>
<p><span style="font-weight: 400;">After the transition, you can now </span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">buy and stake your $SPONGE V2 tokens</span></a><span style="font-weight: 400;"> on the Polygon Network and earn an impressive 912% annual percentage yield (APY). There are over $10 million Sponge tokens already bridged and staked.&nbsp;</span></p>
<p><span style="font-weight: 400;">You can also earn through an upcoming game, </span><i><span style="font-weight: 400;">Sponge Racer, </span></i><span style="font-weight: 400;">which will have both free and paid versions. Players will engage in racing competitions and earn token rewards.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Don't forget about the upcoming <a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> Play-to-Earn game! 👀</p>
 <p>Stay tuned for updates. 🧽<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> <a href="https://twitter.com/hashtag/100x?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#100x</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a> <a href="https://twitter.com/hashtag/AltSeason?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#AltSeason</a> <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> <a href="https://t.co/Z51MSmKqVF" rel="noopener noreferrer nofollow">pic.twitter.com/Z51MSmKqVF</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1760258124814917818?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 21, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Crypto analyst and YouTuber Jacob Bury says that Sponge V2 has the potential to repeat the success of its predecessor, Sponge V1, with another 100X return on investment.&nbsp;</span></p>
<p><iframe title="SPONGE MEME COIN BIG PUMP | SPONGE PRICE &amp; NEWS" width="640" height="360" src="https://www.youtube.com/embed/nnOMpcrXuZw?start=22&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">To join the presale, visit </span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">the official Sponge V2 website</span></a><span style="font-weight: 400;"> and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
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Starknet Price Prediction: STRK Slumps 20% In A Week As Investors Stake Over $10 Million In This Meme Coin In Anticipation Of 100X Gains

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