Today, I’m diving into a recent addition to top cryptocurrency exchanges that has generated significant buzz: STARKNET, with its native coin #STRK.
The Hype and Capital Flow in STARKNET
Where there’s hype, there’s inevitably money, especially when significant funds are involved:
- The Buterin Fund (creator of #ETH)
- Tier-1 funds such as Sequoia Capital, Paradigm, and Coatue, among others, are currently holding their investments at substantial profits.
This is how major capital operates. Upon listing, large whales and early investors began to partially secure their profits. As a result, newcomers who bought in during the listings missed out on quick gains and faced losses. This situation illustrates the psychology of money in action.
Price Trends and Accumulation Strategy
Currently, the price hovers near the lower boundary of a potential sideways trading range (RANGE) and is supported by limit buy orders. This suggests that major players are accumulating positions for possible future growth (keep an eye on the capital movements as indicated in screenshot 2).
I’m considering adding this asset to my portfolio in small volumes and have set additional buy orders within the specified block on chart 1. It’s important to remember the risk of a downturn, not just for this coin but for the market overall, if large capital decides to create a liquidity sweep from the EQL magnet zones before further growth. Thus, trade very cautiously, stick to #spot without futures, and wait for the set targets to be reached⭐️.
Conclusion: Navigating the STARKNET Investment Opportunity
STARKNET’s entrance into the market has captured the attention of investors and major funds alike, signaling potential for substantial growth. However, the journey of STARKNET, like any cryptocurrency project, is subject to market dynamics and investor sentiment. By understanding the strategies of major investors and cautiously navigating the market, individuals can align their investment decisions with the potential upward trajectory of STARKNET. Remember, in the volatile world of cryptocurrency, thorough research and a measured approach are key to capitalizing on emerging opportunities.