{"id":573381,"date":"2024-09-05T15:39:46","date_gmt":"2024-09-05T15:39:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=573381"},"modified":"2024-09-05T15:39:46","modified_gmt":"2024-09-05T15:39:46","slug":"starknet-price-surges-9-as-ethereum-founder-vitalik-buterin-boosts-strk-holdings-and-experts-say-this-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/starknet-price-surges-9-as-ethereum-founder-vitalik-buterin-boosts-strk-holdings-and-experts-say-this-might-be-the-best-crypto-to-buy-now","title":{"rendered":"Starknet Price Surges 9% as Ethereum Founder Vitalik Buterin Boosts STRK Holdings And Experts Say This Might Be The Best Crypto To Buy Now"},"content":{"rendered":"

The Starknet price surged 9% in the last 24 hours <\/span>to trade at $0.4083<\/span><\/a> as of 04:19 a.m. EST on trading volume that skyrocketed 130% to $174 million. <\/span><\/p>\n

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.<\/span><\/p>\n

Starknet Price Analysis: A Bullish Breakout on the Horizon?<\/h2>\n

Starknet price has been grappling with a tug-of-war between bears and bulls since yesterday, as per<\/span> GeckoTerminal<\/span><\/a> data. The bears briefly gained the upper hand twice, leading to the formation of a double-bottom pattern. <\/span><\/p>\n

Despite this, the price action has turned bullish, with Starknet now targeting the key resistance level at $0.4200.<\/span><\/p>\n

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. <\/span><\/p>\n

The Relative Strength Index (RSI) has surged to 58 and is heading toward the 70 overbought zone, signaling heightened buying pressure. <\/span><\/p>\n

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.<\/span><\/p>\n

\"Starknet
STRKUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

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. <\/span><\/p>\n

Conversely, if market conditions turn bearish, the price of Starknet may find further support at $0.4000.<\/span><\/p>\n

As the Starknet price soars, investors are also piling into the new Olympics-themed meme coin <\/span>The Meme Games (MGMES)<\/span><\/a>, which has raised over $419k in its blockbuster presale. <\/span><\/p>\n

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.<\/span><\/p>\n