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The Starknet price surged 9% in the last 24 hours to trade at $0.4083 as of 04:19 a.m. EST on trading volume that skyrocketed 130% to $174 million.
This comes as Ethereum co-founder Vitalik Buterin unlocked and withdrew 1.28 million STRK tokens, currently worth $470,000 from Starknet’s Locked Token Grant contract to his wallet. The withdrawal now makes the STRK token his second largest token investment after Ethereum.
Starknet Price Analysis: A Bullish Breakout on the Horizon?
Starknet price has been grappling with a tug-of-war between bears and bulls since yesterday, as per GeckoTerminal data. The bears briefly gained the upper hand twice, leading to the formation of a double-bottom pattern.
Despite this, the price action has turned bullish, with Starknet now targeting the key resistance level at $0.4200.
Currently, Starknet trades above both the 50-day and 200-day Simple Moving Averages (SMAs) on the 15-minute chart, reinforcing the bullish sentiment in the short term.
The Relative Strength Index (RSI) has surged to 58 and is heading toward the 70 overbought zone, signaling heightened buying pressure.
The Moving Average Convergence Divergence (MACD) further supports the bullish outlook as Starknet climbs above the neutral line. However, with the orange signal line still above the blue MACD line, there is a possibility of a bullish reversal forming in the near future.
According to the Starknet price analysis, the Starknet price is currently on a bullish trend, as the bulls capitalize on the double bottom pattern to propel the token, as they target $0.42.
Conversely, if market conditions turn bearish, the price of Starknet may find further support at $0.4000.
As the Starknet price soars, investors are also piling into the new Olympics-themed meme coin The Meme Games (MGMES), which has raised over $419k in its blockbuster presale.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, MGMES could soar 100x after its launch and might be the next PEPE or BRETT.
The Meme Games Presale Raises Over $419K
The Meme Games presale concludes on September 8, coinciding with the final day of the Paris Paralympics. This will be followed by the token claim and DEX launch on September 10.
This project is an innovative fusion of the Olympic spirit and meme coin culture, bringing competitive excitement to the cryptocurrency space through gamified presales. Participants can engage, compete, and win token bonuses in this entertaining crypto event, blending fun and rewards in a unique way.
CRYPTO BREAKING NEWS
The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. #partnercontent check us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
At its͏ core,͏ The Meme ͏Game͏s is the firs͏t-ever crypto meme c͏o͏in Olympics. It ͏all͏o͏w͏s users to cho͏os͏e th͏ei͏r f͏avor͏it͏e meme͏ characte͏rs, including DOGE, SHIB, and PEPE, and wa͏tc͏h them co͏m͏pete. T͏h͏e $͏MG͏MES token ser͏ves a͏s the entry tic͏ket to this thri͏lling͏ competitio͏n.
Token holders can earn passively from the project’s staking mechanism by buying and staking $MGMES for an annual percentage yield (APY) of 460%.
You can buy $MGMES tokens for $0.0094 each. But buy soon to lock in the best deal before a price hike in about 18 hours.
To join the presale, buy $MGMES tokens from the official website here using ETH, BNB, USDT, or a bank card.
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