But this may only come if the market flips on the side of the bulls. As of writing, Bitcoin, the biggest cryptocurrency in the world, is currently moving in the same zone as well. The broader financial market’s current bullishness might leak to the crypto market through Bitcoin’s correlation with major finance indices like the S&P 500 and Dow Jones index, both are up a few hundred points in the past 24 hours. But with investors split between investing or pulling out of the market, it might take a while before STRK experiences a jump in price that will wipe out last week’s losses.
With no solid backing for a bull run this week, STRK starts weakly as investors continue to be cautious of the market’s volatility. Surprise For Investors Despite the market’s bearishness, STRK bulls pulled a small win in the shape of a localized breakthrough on the $0.3891 resistance level which might translate to big gains in the coming days.
New Developments Might Solidify Investor Sentiment Despite the market’s bearishness, several developments happened that will help investor sentiment remain on the side of Starknet in the long run. what they doin’ ova there? @strkfarm TVL goes ballistic pic.twitter.com/dMtzvfopiZ — 0d1n fr33 (@odin_free) October 5, 2024 Since the start of October, several X personalities have noticed that the Starknet total value locked (TVL) has grown significantly.
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