$ZK USDT
#ZKPREDICTION ZKsync, a project focused on scaling and enhancing privacy for Ethereum, has confirmed that ZK is its official token, with a total supply of 21 billion $ZK .
ZK token is currently priced at $0.2170, marking a 5.6% increase, with 24-hour trading volume surging by 585.3% to $1,28B. The total trading volume stands at $4,557,786. Despite this slight uptick, ZK has significantly dropped from its price of $0.8438 at the beginning of June.
Previously, the ZK token experienced a drastic price drop due to community backlash over the project's airdrop methods.
Currently, investor concerns focus on the 21 billion ZK supply, considered quite large in the current market context. An account named DefiMaran noted that the allocation ratio for the community plays a crucial role in user engagement and early token price volatility.
ZK just launched their token while airdropping 17.5% of their 21B total token supply to users of the network.
Bull case :
🔹Reach similar MC all time highs seen by major L2s
🔹Likely scenario in peak bull conditions
🔹Approximately $20b FDV $3-5B MC range. Price would be between $0.8 - $1.4.
🔹16x return for private investors locked up with 1 year cliff 4 year unlock.
Just like every other airdrop ZK hasn't been able to please everyone with allocations to other communities and many wallets with next to zero txns qualifying.
Do keep in mind that $ETH is likely going to 2 - 3x from here so measure that against valuation projections for ZK if you were to hold your airdrop.
ZK/USDT
Current Price : $ 0.217091
Price Prediction : $ 1.47 (131.97%)
Fear & Greed Index : 71 (Greed)
Sentiment : Bearish
Volatility : 11.04%
Green Days : 11/30 (37%)
50-Day SMA : $ 1.236734
14-Day RSI : 32.82
Market Cap : 804.7 M
Market Dominance: 0.0335%
DISCLAIMER : Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy.
DYOR
NOT FINANCIAL ADVICE
