Starknet (STRK) and Arweave (AR) Prices Pumping – Here’s Why

Starknet (STRK) and Arweave (AR) prices have surged lately according to analysts, who point to increasing adoption and transaction throughput on both networks.

Experts’s Outlook On Arweave (AR)

Tryrex, a cryptocurrency analyst, believes Arweave (AR) is on the verge of a major breakout. In a tweet, Tryrex stated that “once we move above this resistance level, price may make a large move up. In that case, it’s a bingo!”

CryptoBoss, another analyst, took to X to update followers on AR’s price action. “AR is breaking out,” he stated in a tweet. Earlier, CryptoBoss had optimistically asked if AR could reach $40.

These price predictions come as Arweave saw a 57% increase in transactions per second (TPS) last week compared to its previous all-time high, according to Sam Williams, founder of Arweave. Williams cited a surge in uploads to Dria, an AI memory system built on Arweave, as a major contributing factor. 

As of this writing, Arweave is trading at $34.55 – up 22.23% over the past 24 hours.

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Starknet’s Strong Performance

In the case of Starknet (STRK), The Flow Horse analyst commented on STRK’s strong gains yesterday and continuation higher today in a pair of tweets. After STRK bounced sharply from its volume-weighted average price (VWAP), The Flow Horse purchased more of the asset, believing it has further room to run.

At the time of writing, Starknet is trading at $2.45 – representing 15.76% growth over the past 24 hours. Additionally, the positive price action comes amid heavy buying volume that has scooped up dips near STRK’s VWAP level, according to The Flow Horse’s analysis.

The bullish price predictions and ongoing protocol development activity seem to be driving AR and STRK higher over the past day. Transactions are booming on both networks, pointing to growing adoption that has analysts and investors feeling confident going forward.

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.