Arbitrum’s (ARB) Latest Move and Starknet’s (STRK) Coming Upgrade You Can’t Ignore in a Bullish Market

Arbitrum’s (ARB) Latest Move and Starknet’s (STRK) Coming Upgrade You Can’t Ignore in a Bullish Market

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In its recent market rally, Ethereum forged ahead, leading other altcoins into the season of impressive gains. This uptrend was particularly pronounced in the anticipation of Ethereum's Dencun upgrade, slated for March 13th. Ethereum's price surge past $3,700, a whopping 68% increase since late January, kept traders and investors on their toes.

Amidst Ethereum's dazzling performance, its major layer-2 solutions (L2), particularly Arbitrum (ARB) and Starknet (STRK), carved out their niches in the limelight. ARB, commanding a 42% share in Ethereum's L2 Total Value Locked (TVL) surge, made headlines due to its recent partnership with Robinhood. STRK, although initially met with skepticism following its controversial airdrop in February, witnessed its own success story. Its TVL skyrocketed from $187 million to $1.3 billion by late February, propelled by platforms like Nostra and zkLend. Although recently surpassed by Manta Pacific, Starknet (STRK) remains a top-5 Ethereum L2 project.

In this dynamic environment, projects like ScapesMania (MANIA) are generating buzz. While its presale stage has concluded, the crypto community is eagerly anticipating its Token Generation Event and subsequent DEX listing as these developments could potentially open doors for MANIA to a broader spectrum of crypto investors.

Ride The Wave of Innovation with ScapesMania

The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future.

The spotlight has shifted to the upcoming PancakeSwap listing. The date was already announced in a recent AMA with the CEO, so don’t miss out! 

The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away.

Your Last Chance to Boost Potential Returns Post Listing

The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry.

Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential. 

The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream.

ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works.

ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth.

Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative.

>>> LISTING ALERT – Keep Up With Latest News <<<

Arbitrum (ARB): Robinhood Boost Before a Big Unlock

Arbitrum's (ARB) total value locked (TVL) currently stands at a robust $15 billion, thanks in part to the introduction of Arbitrum swaps on February 29, marking a major enhancement for the network. Additionally, the collaboration with Robinhood positioned ARB as a key player with the highest TVL in the crypto ecosystem. Robinhood Wallet users will be able to benefit from Arbitrum’s (ARB) advanced scaling solutions, including lower transaction costs and quicker speeds. Interestingly, Robinhood Wallet supports Ethereum and Polygon networks, offering token swaps through decentralized exchange aggregators like 0x API and LI.FI, with no service fees.

However, a critical development looms on the horizon: the unlocking of $2.2 billion worth of ARB tokens on March 16, representing 87.2% of its total circulating supply. The token release, speculated to affect Arbitrum's (ARB) price in either positive or negative way, injects uncertainty into the market.

Arbitrum (ARB) Technical Analysis

Technically, ARB is trading in a delicate zone between its first support level at $1.835 and the first resistance level at $2.228.             

Source: TradingView

The Exponential Moving Averages (EMAs) provide a mixed signal; while the 10-day EMA at $2.043 hovers above the last price, indicating a potential bullish undertone, the 50-day EMA at $1.197 and 200-day EMA at $1.923 suggest a longer-term consolidation trend.

Meanwhile, the Average Directional Index (ADX) at a low 20.91 indicates a lack of strong trend, and the MACD Level at 0.022, along with Momentum at 0.059, further underscore the market's current uncertainty.

But the Stochastic %K value at 61.11 and the Commodity Channel Index (CCI) at 147.16 lean towards overbought conditions, suggesting that the price could experience a pullback. 

Arbitrum (ARB) Price Forecast

In a bullish scenario, if Arbitrum (ARB) manages to break through $2.228, this could set the stage for a push towards the second resistance level at $2.41, and potentially testing the third resistance at $2.803. This upward trajectory could be supported by the enhanced utility and adoption brought by the recent developments in the Arbitrum ecosystem.

On the flip side, in a bearish scenario, the impending token unlock event poses a substantial risk. If the market perceives this event negatively, it could trigger a sell-off, pushing ARB's price towards its first support level at $1.835. A breach of this level might lead to further decline towards the second support at $1.624 and possibly even the third support at $1.231, reflecting the substantial volume of tokens entering circulation.

Starknet (STRK): Zooming In on Bullish Run and What Lies Ahead

Starknet (STRK) generated considerable interest in the crypto community with its coming Starknet v0.13.1 upgrade. Scheduled for March 12, this update is expected to enhance the network's capabilities, including better support for RPC 0.7. Following the Starknet v0.13.1 announcement, Starknet's (STRK) TVL reached an all-time high of $1.4 billion on February 23, underscoring the growing confidence in its technology and future prospects.

STRK's recent performance is further reflected in its market cap reaching $1.64 billion, ranking it 65th in the crypto space. An impressive 24% price surge in the last 24 hours, with the trading volume skyrocketing by 292% to $934 million, illustrates the market's heightened interest in Starknet (STRK).

Starknet (STRK) Technical Analysis

From a technical analysis standpoint, STRK is currently positioned between the support level at $1.651 and the resistance level at $2.283. This indicates a consolidation phase within these bounds.

Source: TradingView

The EMAs show a bullish trend, with the 10-day EMA at $2.008 surpassing the 50-day EMA at $1.904.

The MACD Level at 0.069, combined with a Momentum indicator of 0.401, further supports the current bullish sentiment.

However, the RSI at 76.71 suggests that Starknet (STRK) is in the overbought territory, which typically signals a potential price correction or a short-term pullback.

Additionally, the ADX at a low 20.96 indicates a lack of a strong trend, which could imply potential sideways movement in the near term.

Starknet (STRK) Price Forecast

In a bullish scenario, if STRK sustains its current momentum, it could potentially break past $2.283, targeting the next resistance level at $2.696. Such a move would be supported by the positive sentiment surrounding the coming network upgrade and the project’s increasing TVL.

However, in a bearish scenario, should Starknet (STRK) face selling pressure, possibly due to the overbought conditions, it could retreat towards $1.651. This pullback could be further exacerbated, pushing the price even lower to $1.457 and even $1.044, if broader market trends turn negative or if the impending upgrade fails to meet investor expectations.

Final Words

In the current bullish wave of Ethereum, the standout performances of its L2 solutions, Arbitrum (ARB) and Starknet (STRK), are particularly noteworthy. ARB, with its significant market presence and recent partnership with Robinhood, holds a substantial 42% share in Ethereum's L2 Total Value Locked. Meanwhile, STRK, overcoming initial skepticism, has seen its TVL soar, maintaining its position as a top-5 Ethereum L2 project. Arbitrum (ARB) and Starknet's (STRK) developments indicate not only the growing interest in L2 solutions but also the dynamic potential they hold within the broader Ethereum ecosystem.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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