StarkWare Restructures Amid Starknet Revenue Decline
- Revenue Plunge: Starknet's monthly revenue plummeted from $6 million at the end of 2023 to just $48,000 by April 2026, primarily due to the Ethereum EIP-4844 upgrade that reduced fees for layer 2 solutions, directly impacting the company's profitability.
- Strategic Shift: Despite the revenue drop, Starknet's total value locked remains above $200 million, prompting a shift from infrastructure-exclusive services to developing revenue-generating products to enhance market competitiveness.
- New Division Formation: CEO Eli Ben-Sasson announced a restructuring into two autonomous units, each tasked with developing economically viable products while leveraging the company's technological edge to enhance application capabilities, aiming to improve internal profitability.
- Quantum Security Initiative: Newly appointed Avihu Levy will lead the applications division and introduce the Quantum Safe Bitcoin (QSB) initiative, which, despite higher transaction costs than current Bitcoin averages, offers quantum resistance that secures Bitcoin's future safety.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SAFE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SAFE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Safe (SAFE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0532 | 0.0789 | 0.103 | 0.129 | 0.154 | 0.179 | 0.204 |
| Fibonacci | 0.0789 | 0.0981 | 0.11 | 0.129 | 0.148 | 0.16 | 0.179 |
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