ZK is popular, ZK is online, and the price is extremely low now. Should we speculate or sell? Should we enter the secondary market? Should we continue to hold after the airdrop? I will show you the data analysis!
Let's first take a look at what ZK is. zkSync is an L2 zero-knowledge proof Rollup, a trustless protocol that helps EVM projects easily expand Ethereum with high-speed, low-cost transactions. In the ZKsync Era, calculations are performed off-chain, and most data is also stored off-chain. Since the launch of the ZK chain, 390 million transactions have been completed. Due to the stable and low gas prices, the transaction success rate is around 97.7%, with a total of 6.91 million wallet addresses. The ecosystem is thriving, comparable to OP and ARB, and has become a hot new star.
Why is zk still being criticized when it is so popular? Here is the situation for those who don’t know the situation yet: the total number of tokens is 21 billion, and airdrops account for 17.5% of the total. A total of 3.675 billion tokens were airdropped this time. Calculated at the current price of 0.25, the total value of the airdrop is 940 million US dollars. However, the airdrop rules of the project party are very novel. They directly throw out unexpected new rules, POW to POS, which hits the studio’s lifeline and kills most of the studios that pursue extreme capital utilization. As a result, there are 6.91 million wallets in the ZK chain, but only 695,000 are eligible for airdrops, directly cutting off more than 90% of users. At the same time, someone broke the news that the project party was engaged in airdrops and rat warehouses, and at least 85% of the airdrops were taken away by the project party’s own studios. In this way, less than 105,000 addresses actually got the money.
This makes the Mao party angry: I built a studio and spent hundreds of thousands of dollars to build an ecosystem (to Mao your Mao), but I didn't earn any coins but was instead robbed? Taking people's interests is like killing their parents, so of course the Mao party is unwilling to do it! You must die, you dog project! So ZK became popular, and the whole network was scolded, and the saliva was about to drown you! Some big Vs even vowed to uninstall any exchange that dared to let ZK go online, and strive to make the exchange lose this valuable user!
Don't be too confident, or you'll be tempted! Today, Binance, Big B, Bitget, HTX, Gate.io, etc. have announced the launch of zk. The so-called black and red are also red. ZK launch and ZK airdrop have dominated the topic, and rumors can't stop the black god from harvesting online. I wonder if a certain big V still feels bad? Have you uninstalled Binance now? Don't download it back secretly when the time comes. It's okay to download it back, but you made a stupid oath and your fans will look down on you!
Back to the price that friends are most concerned about, as mentioned earlier, the actual share of tokens received in the airdrop is 15% of the airdrop part, so the total value of the real retail airdrop is 141 million US dollars. If the insider trading is included, the total value of the airdrop part to be realized is actually 940 million US dollars. Now in terms of token unlocking, only the airdrop is fully unlocked, so the market value is also around 940 million. Although the current coin price is not very good, it is 50% lower than the off-market. However, ZK did such a big project not to reverse the big hair of the studio. After all, it has PUA users for 4 years, and it deserves the name of a dog project. No matter how much financing is raised, it is not to give money to others. The market is still under pressure from airdrops, and the project party cannot spend money to pull it up, so I think it must be a wash before going up. But how much price?
Now many people compare ZK with OP and ARB in the early stage. Let's look at the market value. OP has a market value of 2.1 billion, and ARB has a market value of 2.1 billion. It seems that ZK may have more than 2 times the space, and the impact price is around 0.6. But they don't have as much as the total amount of ZK tokens! ZK's market value has doubled to 10 billion. No matter how long this project has existed in the early stage, it is now a new coin! You want to reach 10 billion when the new coin is launched? Dream on!
However, from the perspective of FDV, OP's current FDV is 8.5 billion USD, and ARB's current FDV is 8.7 billion USD. According to this calculation, ZK is likely to hit 0.4! Therefore, before ZK's reputation is ruined, there is a chance for speculation. You can enter the market at the low point of the shock and exit around 0.4. In the future, I will keep an eye on this dog project and publish the data changes of each stage to everyone. Follow me closely to see how ZK enters the garbage dump.
