StarkNet is a permissionless decentralized Layer 2 (L2) validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity and security. The StarkNet Token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for (i) governance, (ii) payment of transaction fees on StarkNet, and (iii) participation in StarkNet’s consensus mechanism.
Starknet Price Analysis
As of October 13 2024 Starknet has a marketcap of $823M.
This is {{percentagefromath}} from its all time high of $4.41.
In terms of its tokenomics, there's a total supply of 10B with 19% currently outstanding.
Keep in mind Starknet has a fully diluted value of $4.2B which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude