Token

Rally

Starknet

Million

The Starknet ecosystem is all set for a community gathering scheduled for July 10th in Belgium. The Starknet crypto has showcased signs of a solid comeback ahead of the community gathering, thus rejoicing the Investors.&nbsp; 
At the time of writing, Starknet price was up over 13.06% and was exchanging hands close to $0.611. Apart from the community gathering, which aims to bring together industry leaders, developers, and other users, another token unlock event is scheduled for this week. 
Over 63.9 Million tokens will unlock for the investors and early contributors. The token unlock event can take place by the end of this week, probably on July 15th. 
<h2 class="wp-block-heading" id="h-starknet-community-conference-key-highlights-nbsp">Starknet Community Conference Key Highlights.&nbsp;</h2> 
Starknet Community Conference (StarknetCC) is poised to illuminate the path forward for <a href="https://www.thecoinrepublic.com/2024/07/09/ethereum-price-recovers-above-3000-hurdle-amid-whale-movements/">Ethereum</a>‘s scalability, leveraging the innovative Starknet technology. Moreover,&nbsp; the event, taking place at The EGG Brussels in Belgium, will feature an impressive lineup of over 40 panels, seminars, and hands-on workshops. The organizers anticipate a robust turnout of around 450 attendees. 
<blockquote class="twitter-tweet">
 This is your last chance to be part of <a href="https://twitter.com/StarknetCC?ref_src=twsrc%5Etfw">@StarknetCC</a>! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1faf5.png" alt="🫵" class="wp-smiley" style="height: 1em; max-height: 1em;"> A full day dedicated to the Starknet ecosystem, featuring: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;"> Talks by industry leaders <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;"> Networking opportunities <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;"> Good vibe, good food, good drink… Everything’s good! Secure your spot NOW <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/xYDsjlBJus">https://t.co/xYDsjlBJus</a> <a href="https://t.co/9ZqIK4Ajxz">pic.twitter.com/9ZqIK4Ajxz</a>— Starknet 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f431.png" alt="🐱" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Starknet) <a href="https://twitter.com/Starknet/status/1809849380339609946?ref_src=twsrc%5Etfw">July 7, 2024</a>
</blockquote> 
The conference’s agenda is thoughtfully curated to cater to both newcomers and experienced developers in the Cairo programming language. It is an opportunity for attendees to forge valuable connections, engage in thought-provoking discussions, and gain insights through interactive sessions. 
Delving into the multifaceted Starknet ecosystem, StarknetCC offers participants a deep dive into the network’s offerings and its transformative potential for Ethereum’s scalability challenges. In a day filled with learning and networking, the event will conclude with a celebratory gathering, marking the culmination of a day dedicated to innovation and community spirit. 
<h2 class="wp-block-heading" id="h-over-63-9-million-token-unlocks-scheduled-this-week">Over $63.9 Million Token Unlocks Scheduled This Week!</h2> 
Starknet, which unlocked 63.9 million tokens in May and 63.9 million tokens in June, will release another batch in July. The project will release 63.9 million STRK tokens worth $38.34 million on 15th July.&nbsp; 
Of the total allocations, nearly 30.43 Million STRK worth $18.07 are allocated for the Investors, and 33.5 million tokens worth $19.93 million are reserved for early contributors.&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="h-starknet-price-rebounds-from-the-bottom">Starknet Price Rebounds from the Bottom</h2> 
This Week might be a turnaround phase for Starknet, with various events scheduled linearly. The price has rebounded from the bottom amid enthusiasm for the event. The broader market recovery has also helped regain Investors’ trust and amplified the intraday rise.&nbsp; 
Despite the intraday recovery, the technical indicators’ stance has not changed much, except the RSI. At the time of writing, the RSI line and the 14 day SMA line seemed to be returning after entering into an oversold region.&nbsp;  
<a href="https://in.tradingview.com/chart/STRKUSD/JdtkRvzA-Community-Event-Token-Unlocks-A-Prelude-to-Starknet-Price-Ral/"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a> &nbsp; <a href="https://in.tradingview.com/"> </a>  
Starknet cryptocurrency has a long way to recover as the price still hovers at a monthly loss of nearly 50%. The bulls require a continuous effort to recover and shift the STRK price to bullish territory. 
On the higher side, the key 20 and 50-day Exponential moving averages have been acting as dynamic resistance. They may act as a hurdle for the price to rise further. 
Despite the intraday rise, the trend outlook reveals a bearish trend that may add a risk of seller’s comeback near the key EMAs.&nbsp; 
The post <a href="https://www.thecoinrepublic.com/2024/07/09/community-event-token-unlocks-a-prelude-to-starknet-price-rally/">Community Event &amp; Token Unlocks: A Prelude To Starknet Price Rally</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Community Event & Token Unlocks: A Prelude To Starknet Price Rally

Table of Contents

Thecoinrepublic.com

Other articles published on Jul 9, 2024

Bonk DAO Burns Tokens and Increases Value

China leads in generative AI adoption despite global competition

Agrotoken and Tanssi Collaborate to Transform South American Agro-Finance on Polkadot (9 Jul)

Terra Luna Classic (LUNC) Staking Surpasses 1 Trillion Tokens, Staking Ratio Hits 15%

Qubetics Whitelist Gathers Pace with Limited Remaining Spots; Leaves Ondo and KuCoin in Hot Waters

Sovereign Nature Initiative Unveils DOTphin on Polkadot to Drive Environmental Progress

Join our free newsletter for daily crypto updates!