Cryptocurrency researcher Thor Hartvigsen shared his views on the upcoming launch of the Starknet (STRK) token, which will be released on February 20. Since the token is not traded on any pre-market platform, it becomes difficult to estimate its initial valuation.
Hartvigsen referenced the Fully Diluted Valuation (FDV) of other Tier 2 products for comparison:
- Arbitrum (ARB): $20.5 billion
- Optimism (OP): $16 billion
- Immutable X (IMX): $6 billion
- Moonbeam (MNT): $4.3 billion
- Metis (METIS): $900 million
Given Starknet's relatively low Total Locked Value (TVL) of $50 million, Hartvigsen suggests that a realistic Fully Diluted Valuation for Starknet could be in the range of $3-6 billion. The fact that STRK has a staking feature could also lead to a price premium, according to the expert.
With a total supply of 10 billion tokens, this could correspond to a price of $0.3-0.6 per STRK token, according to Hartvigsen. Additionally, 9% of the total supply will be airdropped to users, which could mean around $300-600 million.
*This is not investment advice.