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ZKUSDT

ZKSync Aims to Boost TVL with Ignite Program Following StarknetAs decentralized finance (DeFi) continues to grow, the ZKSync network has introduced a significant proposal, the ZKSync Ignite Program, which could make substantial waves in the market. Designed to elevate Total Value Locked (TVL) and liquidity on the ZKSync Era network, this initiative looks to replicate successful strategies seen with Starknet, building on liquidity incentives to encourage DeFi adoption. ZKSync Ignite Program and the Liquidity Hub Recently endorsed by the ZK Nation community, the ZKSync Ignite Program is set to distribute 325 million ZK tokens over the next nine months, targeting DeFi users who actively engage in liquidity-enhancing activities on the ZKSync Era network. This token distribution aims to build a "liquidity hub" for ZKSync Era’s Elastic Chain, a crucial DeFi infrastructure that supports a broad ecosystem of assets. The proposal outlines three core objectives: 1. Boosting DeFi liquidity (supply-side) by increasing the assets available for trading, with a goal of creating up to $410 million in added liquidity. 2. Optimizing price execution (demand-side) by reducing slippage on both stable and volatile pairs, such as stablecoin-ETH and stablecoin-ZK pairs, to promote efficient asset exchange. 3. Generating sustainable LP fees by targeting a $3 return for every $1 of incentive, creating an economically efficient DeFi marketplace that will continue to thrive post-incentives. ZKSync’s program has also set specific benchmarks for price execution to minimize slippage across different trade sizes, aiming for a maximum of 5 basis points (bps) slippage on trades up to $1 million in stable-stable pairs and 120 bps for stable-volatile pairs up to $1 million. Incentive and Oversight Structure The Ignite Program is structured for optimal transparency and oversight, with the Token Assembly retaining authority to cancel the program at any point if it underperforms. The DeFi Steering Committee (DSC) will manage and review the allocations, adjusting them bi-weekly in response to performance metrics. Token allocations will be directed toward specific pools and assets within DeFi apps on ZKSync Era based on recommendations from OpenBlock Labs, allowing the program to adapt and evolve according to market needs. User Experience Enhancements To enhance the experience, the Ignite website will display available rewards in participating DeFi apps, with pending rewards updated every eight hours. Community feedback is encouraged on whether these rewards should be claimed weekly, adding a participatory dimension to the program. Technical Outlook On the technical front, NYSE:ZK ’s price is currently navigating a rising wedge pattern. Often considered a bearish indicator, a rising wedge typically hints at a potential price decline. However, in ZKSync’s case, this pattern may represent a consolidation phase rather than a bearish trend due to its trading above key moving averages (MA) and its relative strength index (RSI) maintaining a healthy level at 52. These signals suggest resilience and a potentially bullish outlook as the coin stabilizes within the broader market dynamics. Despite these positive fundamentals, NYSE:ZK has seen a slight dip of 1.52% recently. This price action reflects the broader market's cautious stance but does not detract from the robust infrastructure and community-led approach ZKSync is establishing. Future Implications and Market Impact The ZKSync Ignite Program holds promise to significantly enhance DeFi liquidity on the platform, building a self-sustaining liquidity ecosystem that supports both on-chain and off-chain assets. If ZKSync achieves its primary metrics, it may become a pivotal liquidity hub, encouraging wider adoption of the Elastic Chain and ZKSync Era as a whole. The upcoming metrics reports and public dashboards will offer clear visibility into the program’s success, giving stakeholders a tangible measure of its impact on the DeFi landscape. With its innovative approach and strategic design, ZKSync’s Ignite Program is well-positioned to attract both liquidity providers and traders, adding considerable value to the network and potentially elevating NYSE:ZK 's position in the market as liquidity and adoption expand.
Long
by DEXWireNews
Is ZkSync ZK ready to fly?Hello, Skyrexians! Let's continue analyze layer 2. Today we have BINANCE:ZKUSDT on our plate. This is the new coin which has been listed in summer 2024. This asset is very interesting because it's fresh and there are not that much people to create the selling pressure. At the same time it has no clear long term targets and can easily dump because absence of history can increase the risk of investment in such crypto. Anyway today we prepared for you the potential high probability short term scenario which show us the potential take off for ZK! Let's take a look at the daily time frame. Like many other crypto after listing's pump it dropped to the listing price. We can count the first pump as the larger wave 1. The crash to $0.08 can be interpreted as the corrective wave 2 in the shape of ABC. Notice, that at the end of wave B Bullish/Bearish Reversal Bar Indicator has printed the red dot, the strong bearish signal. After that we saw crash in wave C which has been ended with the green dot, the bullish sign. From this point in our opinion large wave 3 started. First of all it has printed the wave 1 which is followed by the wave 2 in shape of flat correction. The strong uptrend continuation signal was the green dot inside the 0.618 Fibonacci retracement level. If our analysis is right price now is in wave 3 which is going to reach the zone between $0.21 and $0.27. Let's also pay attention that couple of days ago was a dangerous situation. Indicator printed red dot, but it has been already invalidated which even enhanced the potential bullish formation. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
zkSync $ZK researchZKsync is an Ethereum network scaling solution that utilizes Zero-Knowledge (ZK) Rollup technology. This makes it part of the second layer (Layer 2) of solutions aimed at reducing transaction fees and increasing bandwidth on the Ethereum network.ZK Rollups allow transactions to be conducted off-chain, which significantly reduces the load on the Ethereum network and thus gas fees. Only evidence of the correctness of these transactions is published on the main chain, which provides a high degree of security and scalability. Thanks to ZK Rollups, zkSync can process thousands of transactions per second, which significantly exceeds the capacity of the main Ethereum network. TVL zkSync's TVL was reported to be around $86.79 million, showing a minor decline of 2.15%. This figure indicates a relatively stable ecosystem despite fluctuations, suggesting ongoing user engagement and trust in the platform. Despite a decrease in TVL, zkSync still holds a position as a leading Layer 2 solution, although it lags behind competitors like Arbitrum or Optimism in terms of TVL. This could be due to various factors including less aggressive marketing or airdrop strategies compared to others. Fundraising Over the years, ZKsync has attracted significant investment through various fundraising rounds, reflecting investor confidence in its potential to solve Ethereum's scalability challenges. Funding Rounds: 1. Seed Round - 23 September 2019: Amount Raised: $2.00M Lead Investor: Placeholder Ventures Other Investors: DragonFly Capital, 1kx, Hashed Fund, Dekrypt Capital. 2. Series A - 1 October 2021: Amount Raised: $6.00M Lead Investor: Andreessen Horowitz (a16z) Other Investors: DragonFly Capital, 1kx, Union Square Ventures, Placeholder Ventures. 3. Series B - 8 November 2021: Amount Raised: $50.00M Lead Investor: Andreessen Horowitz (a16z) Other Investors: DragonFly Capital, ConsenSys, 1kx, OKX Ventures, Alchemy, among others. 4. Undisclosed Funding - 27 January 2022: Amount Raised: $200.00M Investor: BitDAO 5. Series C - 16 November 2022: Amount Raised: $200.00M Lead Investors: Blockchain Capital, DragonFly Capital Other Investors: Andreessen Horowitz (a16z), Lightspeed Venture Partners, Variant. The gradual increase in funding and the participation of prominent investors such as Andreessen Horowitz, DragonFly Capital and Blockchain Capital emphasize the market's confidence in ZKsync's technology and its potential to address Ethereum's scalability challenges. Recent rounds have given ZKsync the resources to explore and innovate further, including integrating with broader blockchain functionality or developing new tools for developers and users. Tokenomics Maximum offer: ZK 21.00 billion Token distribution: Token Assembly - 29.3% This allocation is for participants and platform creators who make significant contributions to the ecosystem. Their contributions may include development, protocol improvements, or integration of new services. Ecosystem Initiatives - 19.9% These tokens are allocated to support initiatives aimed at the growth and development of the ZK ecosystem. This may include project funding, developer grants, network usage incentive programs, and marketing campaigns. Investors - 17.2% Investors who have invested in a project receive this share of tokens. This can include investments at various stages, from seed rounds to later investments. These tokens can be locked for a certain period to prevent immediate sale after unlocking. Team - 16.1% Project team members receive tokens for their work in creating and developing the project. These tokens are usually also vested to incentivize long-term team participation in the project. Airdrop (Users) - 15.6% This portion of tokens is distributed to users, possibly as part of an airdrop or other incentive programs to attract and retain users in the ecosystem. The tokens are allocated and already unlocked, allowing users to use or trade them immediately. Airdrop (Contributors) - 1.93% Vesting Investors and Team: Initial Unlock (TGE - Token Generation Event): 17.2% of the tokens allocated to investors and 16.1% to the team are set to be unlocked. Cliff: There is a one-year cliff period. This means that no tokens will be unlocked until one year after the initial unlock date. Unlocking Schedule: Date of First Unlock: June 17, 2025 First Unlock Amount: 11% of their allocation becomes available. Post-Cliff Vesting: After the cliff, tokens vest at a rate of 2.47% per month from July 17, 2025, to June 17, 2028. End of Vesting: The vesting period concludes on June 17, 2028, with all tokens fully vested by this date. Airdrop (Users): Initial Unlock: 100% of the tokens allocated for users' airdrop are unlocked at Token Generation Event (TGE). Unlock Date: June 17, 2024 Airdrop (Contributors): Initial Unlock: 100% of the tokens allocated for contributors' airdrop are also unlocked at TGE. Unlock Date: June 24, 2024 Untracked Tokens: Represents a large portion (49.2%) of the total supply where the vesting details are not available or disclosed. These tokens could potentially be unlocked at any time, which might affect market dynamics. Summary: Total Unlocked: At the time described, 17.5% of the total token supply is unlocked, with 33.3% still locked. Vesting Strategy: The strategy for investors and the team involves a significant cliff to ensure long-term commitment and align interests with the project's success over time. The immediate vesting for airdrop participants encourages community engagement right from the start. This vesting schedule aims to balance immediate liquidity with long-term token distribution, ensuring stability and incentivizing sustained involvement from different stakeholders in the zkSync ecosystem. Conclusion The project has good funding and everything to pump up the price going forward. There is no point in writing about airdrop, as it was weak and the developers distributed tokens to themselves. This only confirms the further pumping of the asset after accumulation. Now it is not a bad project to buy in the medium term with the target indicated on the chart. TVL shows that not everything is not so bad compared to other L2s, only Scroll is better statistically.... Not the kind of project to invest in for “technology” or idea, but definitely for capital appreciation in a year is not a bad option. Horban Brothers!
Long
by horbanbrothers
ZKUSDT Ready for a Breakout or About to Fail?Yello, Paradisers! ZKUSDT has formed a classic cup-and-handle pattern, and it looks like it’s about to challenge the key resistance trendline. But is this the moment we’ve been waiting for? 💎If ZKUSDT successfully breaks through both the resistance trendline and the resistance zone, it will validate the cup-and-handle pattern, significantly increasing the odds of a strong bullish move. 💎However, if we see a pullback, we can anticipate a bounce from the support zone—but to truly tip the scales in our favor, we’ll need to see an I-CHoCH (Internal Change of Character) on lower timeframes. 💎On the flip side, if ZKUSDT breaks down and closes candle below the support zone, it will invalidate our entire bullish thesis. In that scenario, it’s wiser to stay patient and wait for clearer price action to form before jumping back in. 🎖As always, discipline and patience are your best tools in these situations. If you're serious about consistent profits, waiting for high-probability setups is key. Trade smart, Paradisers! Stay focused and keep mastering your strategy to be in the winner's circle. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins. In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
Long
by SaadFiaz
ZKsync ZK price will surprise ?If someone trying to see the Head and Shoulders on the OKX:ZKUSDT chart and tries to short this asset, they will most likely be “punished” 1️⃣ Well, first of all, the "H&S" is a figure of a global trend reversal, not a local one. 2️⃣ And secondly, in our opinion, #ZK is holding quite well and the chance to see $0.14, and if you're lucky, $0.16, is much higher than fall to a new low. DYOR _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
zkSync Fresh L2 coin for ETH. 458 million $ investment by fundsLogarithm. Time frame 1 day. Since the coin is fresh (people sell freebies), and it was recently listed, if the market will be dominated by a downtrend until October, a downtrend channel will be formed in case of a break of the key support. _____________________________________ Most importantly: 1️⃣ There was aerdrop manipulation , the community got a very small % of the promised coins, which is in the hands of developers and crypto funds (after shaking out now, there will be full control over the price). 2️⃣ It is worth noting that crypto funds “invested” (with speculative interest) 458 million dollars in the asset. Which is an absolute record. The first and second are extremely positive for the maximum prices of the asset in the cycle in the future. Consequently, the asset is interesting for investment and position trading, and it does not matter what will happen now locally for a couple of months. Work from the average buy/sell price. ____________________________________ The chart shows the key resistance levels for the first significant pumping after the trend break, as well as the maximum distribution zone targets of this cycle. The price potential will be “unlocked” similarly naturally not now, but when the solution will be implemented, there will be media PR, smart money will partially “exit” from the asset. The potential is naturally great, it is shown, who is attentive. Let me remind you, L2 is a solution for scaling the ETH network. When this is implemented and PR'd and ETH is in its first distribution zone, then pump in similar small capitalization assets. __________________________________ Work from the average price of purchases , so in the future sales and no minimums and maximums (even if you are sure that you know and understand how “exactly” it will be, I note that most people who do everything by reverse think so), as this is the fate of true hamsters. At the same time, you need to understand the zones where it is cheap and where it is expensive, and what the general trend in the market is developing. ⏰ Profit from the local game (not necessarily to work this way) is not big (you “spin the volume” part of the allocated money to a certain zone of the asset - work). But, such local work gives you to overcome fear, because you always have money to increase coins. ⚠️ Do not abuse stop loss , where it is not necessary, because everything will be taken away on the “flat place”. ⚠️ Prefer spot trading , which forgives elementary mistakes, if you are not a very good trader. With margin and futures, your risk must be justified. If you are a ludomaniac (most sick people won't admit it, maybe you are one/one of them) then leave this high risk trading. 🐹 Psychology . If, you feel that you, like everyone else, will do, when not necessary under psychological pressure and news some not logical bullshit, it is better not to trade at all, and invest. “Hold” coins for a couple months, dividing the amount of the entry into 2-3 parts. When the market is distributed, you will sell with a big profit. Maximum targets (not necessarily, as depends on a lot of factors), is the zone 0,6 - 1 dollar.
by SpartaBTC
4
ZKUSDT.4HAnalyzing the ZKUSDT chart, I observe several critical elements from a technical standpoint: Support and Resistance Levels: Support Levels (S1 and S2): S1 at $0.1365 is crucial as it appears to be the recent low where price rebounded. A breakdown below this could lead to a test of S2 at $0.1256, indicating a more significant bearish sentiment. Resistance Levels (R1 and R2): R1 at $0.1741 and R2 at $0.1929 are key barriers for bullish momentum. Overcoming R1 could pave the way for a test of R2, indicative of strong buyer presence. Technical Indicators: Relative Strength Index (RSI): The RSI at around 53.51 shows a neutral stance, which suggests that there is neither significant buying nor selling pressure at the moment. It provides room for the price to move in either direction. Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line but slightly below, indicating a weak bearish momentum. This near-zero histogram suggests a lack of strong directional momentum, supporting the RSI's neutral signal. Given this setup, my perspective as a trader is to watch for potential entry points near the support levels if signs of stabilization and bullish reversal appear. If the price holds or rebounds off S1, it could offer a strategic long position with an initial target at R1. Conversely, if the price breaks below S1, it might signal a potential short opportunity towards S2, but caution is advised given the close proximity of these levels and the overall neutral momentum indicated by the RSI and MACD. Traders should remain alert for any sudden shifts in volume or news that might impact market sentiment and adjust their strategies accordingly. Monitoring the interaction between the MACD and signal lines will also be crucial for catching early signs of a momentum shift. As always, setting appropriate stop-loss levels to manage risk effectively is vital.
Long
by MarsSignals