Starknet (STRK) Rises 23%, Offsets Crypto Market Fear And Doubt
Starknet (STRK) has shown resilience amid market downturns, rising nearly 23% over the past week despite weak macroeconomic indicators. On-chain developments, particularly partnerships and protocol growth, have bolstered investor confidence. zkLend partnered with Chainlink to enhance market data accuracy, improving user experience and security. Vesu, a lending platform on Starknet, achieved $10 million in total value locked (TVL), marking a 23% increase in one week. The launch of Realms in Starknet's blockchain gaming scene has also attracted interest, supported by Cartridge.gg’s smart contract wallet. Weekly transaction counts rose by nearly 19%, with active addresses increasing almost 1%. STRK faces resistance at $0.447, potentially stabilizing between $0.388 and $0.447 before attempting a breakthrough. The relative strength index suggests continued bullishness in the short term, although broader market bearishness may impact future performance.
