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The cryptocurrency world is today waiting for a listing of an altcoin. The cryptocurrency to be listed is Starknet (STRK). Starknet is an Ethereum Layer-2 network that utilizes a ZK-Rollup solution to scale decentralized applications. According to the token distribution plan announced last week by the Starknet Foundation, the token will help decentralize and govern the network.
When Will Starknet (STRK) Trading Begin on Exchanges?
The schedule set by cryptocurrency exchanges for listing Starknet (STRK) is almost identical. The listing times are as follows.
- MEXC: Will list at 16:00.
- Binance: Will list at 16:00.
- Kucoin: Trading started at 15:00.
- Bybit: Trading started at 15:00.
- OKX: STRK deposit transactions opened on February 19, 2024, at 09:00 (TSI). However, trading hours have not yet been specified. Trading will start today if liquidity is met.
- Bitfinex: STRK deposit transactions began yesterday at 16:30. Trading will start today if liquidity is met.
- Kraken: Trading started at 15:45.
Is There Excitement for Starknet Token?
As I write this article, announcements about token distribution have started to come in. Binance made a statement on the matter. According to the announcement, the distribution of 10,178,280 STRK, which is a 10.26375 ratio from the Starknet Foundation, to all eligible users who staked ETH on Binance has been completed.
As new token listings are always met with enthusiasm in the cryptocurrency market, a similar excitement is evident today. The same was true for the Pixels listing yesterday. The volume of $1.4 billion formed in 24 hours can be considered a reflection of this excitement.
We will see the price situation more clearly when Starknet is also listed on other cryptocurrency exchanges at 16:00. Because then, as more investors turn to the cryptocurrency, a fairer price formation will be possible over time.
What Should Investors Pay Attention To?
Cryptocurrency investors need to be cautious during listings. When buyers act extremely quickly in the first listing, the price can fluctuate wildly, increasing the likelihood of high entry levels. Predicting where the price will fluctuate is challenging. Therefore, it is beneficial to follow the price in the first hours.
Since a fair price usually does not form initially, monitoring the STRK chart will be wise. Analysts recommend waiting a while before entering immediately at the start, as this has led to high entry prices for some cryptocurrencies. Lastly, those who received the cryptocurrency through an airdrop will also be participating in this sale, so it’s beneficial not to overlook this aspect.
