Starknet is preparing for a significant price rally ahead of its community gathering and token unlock event. This article explores the key highlights of these events and their potential impact on Starknet’s price.
Points
- Starknet’s community gathering is scheduled for July 10th in Belgium.
- A token unlock event will release 63.9 million STRK tokens on July 15th.
- Starknet price has rebounded by over 13% in anticipation of these events.
- Key resistance levels need to be overcome for a sustained price rally.
- Technical indicators show mixed signals, requiring continuous efforts from the bulls.
Starknet, a promising player in the crypto space, is gearing up for a pivotal week with a community gathering and a major token unlock event. These developments are expected to influence the price and market sentiment significantly.
Starknet Community Conference
Starknet’s ecosystem is set to shine at a community gathering scheduled for July 10th in Belgium. This event aims to bring together industry leaders, developers, and users for a day of networking and discussions. Key highlights of the conference include talks by industry leaders, networking opportunities, and interactive sessions to delve into the Starknet ecosystem. The event will culminate in a celebratory gathering, emphasizing the strong community spirit.
This is your last chance to be part of @StarknetCC! 🫵 A full day dedicated to the Starknet ecosystem, featuring:
💠 Talks by industry leaders
💠 Networking opportunities
💠 Good vibes, good food, good drinks… Everything’s good!
https://twitter.com/Starknet/status/1809849380339609946
Token Unlock Event
Alongside the community gathering, Starknet will conduct a token unlock event, releasing 63.9 million STRK tokens on July 15th. This release follows similar events in May and June, each unlocking 63.9 million tokens. Of the total allocations, approximately 30.43 million STRK tokens are designated for investors, and 33.5 million tokens are reserved for early contributors.
Starknet Price Rebound
Starknet’s price has seen a rebound ahead of these events, with a rise of over 13.06% to $0.611. Despite this positive movement, the broader market recovery and the upcoming events have played crucial roles in this price increase. Technical indicators show a mixed outlook, with the RSI line returning from an oversold region. However, key resistance levels, particularly the 20 and 50-day exponential moving averages, may pose challenges for further price increases.
Conclusion
Starknet’s upcoming community gathering and token unlock event are pivotal moments that could significantly impact its market performance. While the recent price rebound is encouraging, sustained efforts from the bulls are necessary to overcome key resistance levels and achieve a sustained rally. Investors and market participants should keep a close eye on these developments to gauge Starknet’s future trajectory.
Important: This article is intended for informational purposes only and should not be taken as legal, tax, investment, financial, or any other type of advice.