Starknet (STRK) has surged over 40% to approximately $0.2048, fueled by growing interest in BTCFi and a positive shift in market sentiment. The recent U.S. Senate funding deal on November 10 has alleviated macroeconomic concerns, encouraging traders to pivot towards altcoins. Starknet has particularly benefited from a 100 million STRK incentive program aimed at enhancing Bitcoin liquidity on its network.
The trading volume for STRK has increased by more than 325%, and the price has surpassed the 200-day moving average, indicating a potential trend reversal. This surge reflects the broader market's optimism and the strategic initiatives to bolster Starknet's ecosystem.
Starknet (STRK) Jumps 40% Amid BTCFi Interest and Market Optimism
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