Starknet (STRK) Rises 23%, Offsets Crypto Market Fear And Doubt


By PR1ME at Sun, 08 Sep 2024 00:00:08 +0800 | Cryptocurrency Market News |

Starknet (STRK) Rises 23%, Offsets Crypto Market Fear And Doubt

Although the market dips even further after weak macro releases, Starknet (STRK) remains bullish with developments that offset the market’s fear, uncertainty, and doubt. According to CoinGecko, STRK rose nearly 23% since last week, keeping much of the bearish momentum at bay. 

On-chain developments have held investor confidence highly, with a major push for improving the Bitcoin ecosystem. Several protocols built on top of Starknet have reached new heights, further contributing to STRK’s bullishness. In the meantime, investors and traders can enjoy gains despite the market’s underperformance. 

Protocol Growth Drives Starknet Investor Confidence

Several protocols on top of Starknet reached new heights despite the market’s bearishness. zkLend, Starknet’s money-market protocol, has partnered with Chainlink, a decentralized oracle service, to provide the platform with accurate and tamper-proof market data. 

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