Introduction
Today, we are going to discuss the pre-market price of Starknet Token ($STRK). Starknet Token is set to be listed on the StarkNet platform, as well as on other exchanges, on the 20th of the month. This provides you with a few days to trade this token in the pre-market and potentially make a good profit. To make the most of this opportunity, it is important to have an idea of the price of Starknet Token. In this blog, I will share my analysis and provide you with some insights on how to participate in the pre-market trading of this token, as well as discuss other options besides Starknet Token in the pre-market. Let's get started!
Understanding the Price of Starknet Token
Based on current estimates, the average pre-market price of Starknet Token is around $1.95 on the sell side and $1.9 on the buy side. If you believe that the price of Starknet Token will go above $2, then it would be wise to place a buy order at $1.9. The higher the price goes after the listing, the more profit you can make. On the other hand, if you believe that the price will stay below the dollar mark, you can consider placing a sell order at $1.99. As of the time of recording this video, the price is currently fluctuating on the sell side. Accepting orders at a lower price means you will have more profit. However, it is essential to note that the cryptocurrency market is unpredictable, and my analysis may not always be accurate. Therefore, it is recommended to do your due diligence and research before making any investment decisions.
Other Pre-Market Options
If you have received an airdrop of Starknet Token or you believe that the current price of Starknet Token on the StarkNet platform is favorable, you may want to consider participating in the pre-market trading of this token. However, there are a few other options available besides Starknet Token that are worth discussing. First and foremost, if you have received an airdrop of Starknet Token, it is important to note that there will be an airdrop of approximately 728 million tokens out of a total supply of 2 billion tokens. Around 1.5 million wallets have qualified for this airdrop, including myself, who has received an airdrop of 500 tokens. Additionally, CoinDash has made a favorable tweet about Starknet Token, speculating on its price. In the following sections, I will provide more details on Starknet Token's price and its market analysis.
Starknet Token Market Analysis
Starknet recently raised approximately $282 million in funds, which has contributed to its valuation. Currently, Starknet's valuation stands at around $8 billion, with a total token supply of 10 billion. Out of this token supply, approximately 700 million tokens are set to be airdropped, and 15 lakh wallets have qualified for this airdrop. As mentioned earlier, I have also received an airdrop of 500 tokens. It is crucial to note that in April, the tokens owned by investors will be unlocked, and this includes more than 2 billion tokens. Based on current calculations, the minimum price for Starknet Token is estimated to be $1. It is possible that the price may go higher, but it is unlikely to reach the fully diluted value of $20 billion. Considering this valuation, the current market valuation of Starknet Token is relatively low at just 55 million. Therefore, it is my understanding that the price of this token has the potential to increase significantly, provided it is listed successfully. However, please note that this is my personal analysis, and it is subject to change based on market conditions.
Conclusion
In conclusion, the pre-market price of Starknet Token is currently estimated to be around $1.9 on the sell side. My analysis suggests that the price of this token may go higher, potentially reaching $2.25 or even higher. If you are interested in participating in the pre-market trading of Starknet Token, it is recommended to place your buy and sell orders accordingly. Remember to have collateral in your trading account to accept orders and ensure that you manage your positions within the 4-hour settlement time. Additionally, it is crucial to keep an eye on the social media platforms for any updates on the market and adjust your trading strategy accordingly. By following these guidelines, you can potentially make a profit in the pre-market trading of Starknet Token. However, please note that the cryptocurrency market is highly volatile, and it is essential to conduct your own research and make informed investment decisions. Good luck!
