Tonight's prediction: surge then fall back, a bull trap!!!!!!!!!
Starknet posted on platform X introducing that relying on account abstraction, users can change the verification logic while keeping the address, balance, and transaction history unchanged, smoothly switching to a post-quantum signature scheme without modifying the underlying protocol.
Starknet also mentioned that as an Ethereum Layer 2 network, its settlement, data on-chain, and cross-chain bridges still rely on Ethereum, thus continuing to depend on the elliptic curve cryptography system. The team is researching the possibility of an independent L1; if realized, it would be able to autonomously set cryptographic schemes and migration pace.
However, the independent L1 is currently still in the research phase; STRK will continue as the native token with no new tokens issued. If a future decision is made to migrate to an independent L1, the plan must be approved by a binding governance vote to take effect.
This kind of news is just to pump the price high to trap retail investors. $STRK is currently not even as good as L1, and the white paper will only be released in November. Right now, it’s just a reassurance pill for the market. As for what happens later, most people probably won’t care because the network simply has no memory!!!
Prediction: $BTC 80500-81000 short immediately!!!
$ETH 2300-2350 short immediately!!!
#BTC spot ETF inflows return, ETH funds continue to flow out
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