zkSync (ZK) Token Price Skyrockets 8.67% in 24 Hours, Targeting $2 by Year-End

This weekend, zkSync piqued the interest of investors, rocketing into the top five gainers on CoinMarketCap in the last 24 hours.

zkSync (CRYPTO: ZK) piqued the interest of investors this weekend, rocketing into the top five gainers on CoinMarketCap in the last 24 hours.

As of the time of writing, the price of zkSync’s token had risen by 8.67% over the last 24 hours, reaching $0.1951. This amazing surge includes a 23.82% increase in the last seven days, with a daily trading volume of $171.98 million.

zkSync Team Reports Domain Misuse Leading to Permanent Suspension

Interestingly, this increase corresponds with the zkSync team’s revelation that they had reported misuse of their domain, resulting in its permanent suspension. They had previously stated that their domain had been suspended by the domain provider. The team is currently investigating the issue and hopes to resolve it quickly.

zkSync strikes again!

We have done abuse report for our domain due to which our domain is permanently suspended. This is not acceptable.

We have been building on this chain since its inception and this is how zkSync team members treats OG protocols. pic.twitter.com/w0VuTQNSd9

— zkSync id | .zksync and .era (@getzksyncid) July 19, 2024

From a technical perspective, the price of ZK is set to break out and explode through its resistance levels, as shown in the chart shared by cryptocurrency expert FastBird.

He also mentioned that zkSync investors and the team are hyped for the next year, aiming to hold the token either until just before it unlocks or until it makes a 10x return.

FastBird further predicted that the price of ZK could reach $2 by the end of the year, stating that the upcoming trading of Ethereum ETFs in two days could boost Ethereum-related assets, such as ZK, which serves as an Ethereum layer 2 scaling solution.

In other news, we previously covered how zkSync’s Elastic Chain enables infinite scalability and seamless interoperability within blockchain technology.

This development has also been driving the positive sentiment around ZK. We also highlighted how Buenos Aires plans to revolutionize citizen identification with a blockchain-based system, where the city aims to utilize zkSync through QuarkID to enhance security and privacy.

The above is the detailed content of zkSync (ZK) Token Price Skyrockets 8.67% in 24 Hours, Targeting $2 by Year-End. For more information, please follow other related articles on the PHP Chinese website!