Bittime – The price of STRK tokens, Ethereum's layer-2 scaling solution, surged more than 10% following the disclosure of extensive plans to increase their blockchain network capacity and reduce transaction fees in 2024. This increase occurred based on Starknet's 2024 roadmap.
According to data from CryptoSlate, the STRK digital asset has experienced a slight increase amidst a sluggish market. On the other hand, popular tokens such as Solana have experienced a significant decline in the last day.
STRK Price Today
StarkNet is one of the largest layer-2 networks, with assets locked (TVL) of $1.4 billion according to L2beats data.
You can see today's STRK price. Below is a STRK price chart taken from Bittime. The following chart is organized with 3 key indicators, namely RSI, MACD, and Bollinger Bands. These three indicators are commonly used to analyze token prices.
Source: Bittime
Currently, STRK is priced at IDR 33,720 or around $2.13. This price was obtained after experiencing an increase of +1.79% in the last 24 hours. Previously, STRK had its highest price of IDR 34,414 and the lowest price was IDR 32,306 in the last 24 hours.
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2024 Roadmap Full of Improvements
Based on the roadmap, this layer-2 scaling solution will undergo several upgrades to improve its performance. Some of these improvements include transaction parallelization, native Cairo integration, and others.
Increased transaction parity is scheduled for the second quarter of this year. With this improvement, StarkNet will be able to run transactions simultaneously (concurrently). This will speed up transaction processing and ensure faster transaction finalization.
The official explanation states: “ERC-20 transfers from different users, for example, will be executed simultaneously rather than sequentially.”
This planned upgrade is one of the key features that will reportedly make transactions on Solana cheaper and faster.
Previously, StarkNet was one of several Ethereum layer-2 networks to implement Dencun improvements, which drastically reduced transaction costs for network users. However, the network is looking to leverage this technology further by adding scalability measures to improve its operations.
In addition to transaction parallelization, StarkNet will work with Nethermind to natively integrate Cairo into their systems in the third quarter.
According to the network: “This will result in massive performance improvements by allowing sequencers to switch from Cairo VM to direct execution on the x86 architecture, making running transactions on StarkNet much faster.”
Also read How to Buy Crypto:
Impact and Future of StarkNet
STRK's recent price increases and ambitious 2024 roadmap announcement are strong indications of a bright future for StarkNet. Let's look at some potential impacts and predictions for the future:
1. Improved Ethereum Scalability
Layer-2 scaling solutions like StarkNet are critical to addressing the scalability issues faced by the Ethereum blockchain. By increasing throughput and reducing transaction costs, StarkNet can help facilitate broader Ethereum adoption.
2. Healthy Competition in the Layer-2 Space
StarkNet is one of several layer-2 solutions competing to improve Ethereum's scalability. Their 2024 roadmap shows their commitment to being a leader in this space. This healthy competition will ultimately benefit users with better options and lower costs.
3. New Investment Opportunities
The growth of the StarkNet ecosystem may create new investment opportunities. DeFi projects and other decentralized applications (dApps) built on StarkNet could attract interest from investors and developers.
4. Technical Challenges
While the 2024 roadmap looks promising, it is important to note that StarkNet is still in the early development stages. Unforeseen technical challenges may arise during the network upgrade process.
5. User Adoption
StarkNet's long-term success will depend on its ability to attract users and developers to its network. This will require effective marketing and building a strong ecosystem.
Overall, StarkNet is well-positioned to become a major player in the Ethereum scaling space. Their 2024 Roadmap demonstrates their commitment to innovation and performance improvement. If they successfully overcome technical challenges and drive user adoption, StarkNet has the potential to revolutionize the way we interact with the Ethereum blockchain.
How to Buy Starknet (STRK) on Bittime
You can buy and sell Starknet (STRK) easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.
Starknet (STRK) is available on Bittime with the market pair STRK/IDR. To be able to buy STRK IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Starknet (STRK) on Bittime.
Monitor the price chart movements of Starknet (STRK), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Starknet (STRK) Predictions According to Crypto Academy: Will STRK Continue Its Rise?
Can Startknet (STRK) reach IDR 39,128?
DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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