Why did ZK decrease sharply? Should I MOUNT now?
- The biggest reason is that #Polyhedra Network (ZK) follows the market trend, no matter how strong it is, it cannot resist the recent correction. ZK is no exception and has divided by 2 more than 2 weeks ago.
- Vesting schedule is vague, ZK did not announce it at first - only now it has been reduced a lot - this has made everyone afraid that maybe the project has been unlocked to benefit the Dev Team, backer => fear of this team discharging.
- Initially unlock for Community, Airdrop, Marketing quite a lot. According to Cryptorank statistics, more than half of the current circulation volume has been unlocked 58.6M => There is pressure to release goods.
- The community is quite interested in ZK when the product in the crosschain segment W has a sky-high CAP - with the new presence in the backer team of Binance labs, the opportunity to list binance in the future is huge, ZK price when first launched It's quite potential, so it's a good choice => The market is adjusting. MM is distributing and setting the price at ZK to eliminate inexperienced sellers.
What projects have been similar to ZK?
Stocks invested in by #BinanceLabs that do well are often listed in binance in the future, with zk there is a high possibility that the list will be listed in an uptrend, when the wave is strong. The products listed on Binance have often grown a lot before, for example, in the last wave, there was PENDLE - which had more than 10 times the ROIN x8 before listing on Binance.
In the past, there was a project similar to ZK, the Axaler AXL project, working on the same crosschain segment, invested by binance labs.
It took AXL 8 times to delist Binance, once again affirming the reputation of Binance labs. However, in mid-2023, AXL has only increased and decreased, no different from the current ZK. Therefore, don't be too surprised by the current price behavior, and don't be too scared because with this decrease, ZK has great future growth potential to follow the AXL list on Binance.