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Starknet (STRK) price soars 30%, but why is the altcoin rising?

Starknet (STRK) price soars 30%, but why is the altcoin rising?

CoinjournalCoinjournal2025/11/10 18:21
By:Coinjournal
Starknet (STRK) price soars 30%, but why is the altcoin rising? image 0
  • Starknet (STRK) price technical breakout signals bullish momentum with new resistance near $0.214.
  • Bitcoin staking and BTCFi incentives drive STRK adoption and network growth.
  • S-Two prover deployment has also boosted throughput, privacy, and decentralisation on Starknet.

Starknet (STRK) price has surged dramatically in recent days, catching the attention of traders and crypto enthusiasts alike.

The altcoin has gained more than 30% in just 24 hours, fueled by a combination of technological upgrades, strategic integration with Bitcoin , and renewed market optimism.

This sudden upswing has sparked questions about what is driving STRK’s momentum and whether the altcoin can sustain its gains in the near term.

Bitcoin staking boosts STRK utility

One of the primary drivers behind the rally is Starknet’s BTCFi initiative, which allows Bitcoin (BTC) holders to stake their BTC and earn STRK rewards while maintaining custody.

The program has already attracted significant capital, with over $200 million staked on the network, including 880 million STRK and 835 BTC, according to the latest reports.

Over $200,000,000 are now staked on Starknet.

That’s 880M STRK and 835 BTC strengthening Starknet’s consensus.

Numbers don’t lie. pic.twitter.com/NS2zzqCfty

— Starknet (BTCFi arc) (@Starknet) November 10, 2025

By tapping into Bitcoin’s massive $2.1 trillion market capitalisation, Starknet positions STRK as a key rewards token and a practical asset for paying network fees.

The BTCFi ecosystem expansion not only strengthens Starknet’s liquidity but also enhances its cross-chain utility.

Investors are closely monitoring total value locked (TVL) in Bitcoin staking, which currently sits at around $1.5 billion, to gauge continued adoption and the altcoin’s potential growth.

The influx of BTC and STRK into the network has bolstered confidence in the protocol’s future, creating a clear catalyst for the recent price surge.

S-Two Prover accelerates adoption and decentralisation

Another major factor propelling STRK is the deployment of StarkWare’s next-generation S-two Prover.

Released on the mainnet a few days ago, this open-source zero-knowledge proof system is designed to increase throughput, reduce verification costs, and strengthen decentralisation.

By producing validity proofs for every block up to ten times faster than its predecessor, the S-two prover allows real-time verification of off-chain transactions and supports new types of applications, from private DeFi protocols to zk-secured games and verifiable AI.

S-two is designed to operate efficiently even on consumer hardware, meaning that anyone can participate in the network without relying on centralised data centres.

This advancement not only improves network security and censorship resistance but also significantly enhances user experience.

The combination of speed, privacy, and accessibility makes Starknet a more compelling platform for developers and investors alike, contributing directly to bullish sentiment surrounding STRK.

Market analysts also note that the recent surge is supported by optimism surrounding Starknet’s v0.14.0 upgrade.

The update introduces distributed sequencers, 6-second blocks, and EIP-1559-style fee burns, all of which improve decentralisation and network efficiency.

While early migration caused temporary outages, the upgrade underscores Starknet’s commitment to building a secure, scalable Layer 2 ecosystem that can interact with both Ethereum and Bitcoin.

Technical breakout fuels the STRK price rally

From a technical perspective, STRK has confirmed a major bullish breakout.

The altcoin surpassed the 38.2% Fibonacci retracement level at $0.1343 and remains above the 30-day simple moving average of $0.1216.

Starknet (STRK) price soars 30%, but why is the altcoin rising? image 1 Starknet price chart | Source: CoinMarketCap

Momentum indicators such as the RSI and MACD show strong upward trends, signalling that the altcoin has invalidated much of its previous yearly downtrend.

With resistance set near $0.214, traders should closely watch whether the current momentum can push STRK to new highs.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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