STRK(Starknet)fall in 24 hours 4.74%

Gate News Bot message, July 23, according to CoinMarketCap data, as of the time of writing, STRK(Starknet) is currently priced at 0.14 USD, falling by 4.74% in the last 24 hours, with a high of 0.16 USD and a low of 0.13 USD. The current market capitalization is approximately 521 million USD, a decrease of 25.9314 million USD compared to yesterday.

Starknet is a network that utilizes STARK technology to achieve computational integrity. By using advanced mathematics and cryptographic techniques to verify off-chain transactions, Starknet overcomes the scalability limitations of Ethereum. As a validity rollup, Starknet offers unlimited scalability while maintaining the security and decentralization of Ethereum.

Important news about STRK recently:

1️⃣ Starkware Adjusts STRK Token Issuance Plan Starkware has decided to adopt a gradual issuance strategy for the STRK token, a decision made after listening to user feedback. This more cautious approach to issuance may help maintain price stability for the token and reduce the impact of large-scale sell-offs.

2️⃣ STRK token begins trading on the secondary market STRK token has recently started trading on the secondary market, with an initial trading price of 5 USD. This marks an important milestone for the Starknet ecosystem, bringing more liquidity and attention to the project.

3️⃣ Starknet airdrop attracts a large number of users to participate Starknet conducted a large-scale token airdrop event, attracting millions of users to participate. This not only expanded Starknet's user base but also enhanced the project's visibility in the cryptocurrency community.

From a technical perspective, the STRK price is currently showing a downward trend, but some technical indicators suggest signs of recovery. On the fundamental side, Starknet, as an important project for Ethereum's scalability solutions, its development progress and ecosystem expansion will continue to influence STRK's market performance.

This message does not constitute investment advice; investors should be aware of market volatility risks.