• Development activity on Starknet has been improving since the team resolved its issues.
• Increased buying pressure alongside a rise in ETH’s price might send STRK to $2.35.
• Starknet’s TVL crossed the $1 billion mark, suggesting a rise in network health.

The price of STRK, the token of the recently launched Ethereum Layer 2 project Starknet, has increased by 2.76% in the last 24 hours. This surge was proof that the token had experienced significant relief after the Starknet team adjusted its token unlock schedule. 

Previously, Starknet had set an unlock schedule that did not sit well with the community. After a series of back-and-forths, the team decided to revise the timetable. Besides this move, there seems to be a lot of development activity on the Starknet network.

According to an investor with the X handle ‘Crypto Rand’, the Starknet ecosystem looks “epic” from a development standpoint. Development activity can either be bullish or bearish for a project. If developers ship few or unpopular features on a network, then this can fuel a bearish bias.

The post Starknet’s (STRK) Price Bounces: Is $3 Feasible In the Short Term? appeared first on Coin Edition.

• Development activity on Starknet has been improving since the team resolved its issues.
• Increased buying pressure alongside a rise in ETH’s price might send STRK to $2.35.
• Starknet’s TVL crossed the $1 billion mark, suggesting a rise in network health.

The price of STRK, the token of the recently launched Ethereum Layer 2 project Starknet, has increased by 2.76% in the last 24 hours. This surge was proof that the token had experienced significant relief after the Starknet team adjusted its token unlock schedule. 

Previously, Starknet had set an unlock schedule that did not sit well with the community. After a series of back-and-forths, the team decided to revise the timetable. Besides this move, there seems to be a lot of development activity on the Starknet network.

According to an investor with the X handle ‘Crypto Rand’, the Starknet ecosystem looks “epic” from a development standpoint. Development activity can either be bullish or bearish for a project. If developers ship few or unpopular features on a network, then this can fuel a bearish bias.

The post Starknet’s (STRK) Price Bounces: Is $3 Feasible In the Short Term? appeared first on Coin Edition.