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zkSync Price Prediction 2024: ZK Price Analysis

Last Updated June 18, 2024 10:18 AM
Giuseppe Ciccomascolo
Last Updated June 18, 2024 10:18 AM

Key Takeaways

  • ZK came out in mid-June 2024.
  • What’s next for the zkSync?
  • One zkSync price prediction says ZK could reach $0.59 in 2025. 

zkSync Era is a Layer-2 protocol designed to scale Ethereum using advanced zero-knowledge technology. According to the founding team, its mission goes beyond simply boosting Ethereum’s throughput; it aims to uphold its core principles: freedom, self-sovereignty, and decentralization—on a larger scale.

zkSync did not respond to a request for comment.

On June 18, 2024, ZK was worth about $0.2203.

But what is zkSync (ZK)? How does zkSync work? Let’s see what we can find out, and also take a look at some of the zkSync Price Predictions that were being made as of June 18, 2024.

zkSync Price Prediction

Let’s examine some of the zkSync price predictions CCN.com made on June 18, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

Minimum ZK Price PredictionAverage ZK Price PredictionMaximum ZK Price Prediction

Minimum ZK Price Prediction Average ZK Price Prediction Maximum ZK Price Prediction
2024 $0.20 $0.48 $0.50
2025 $0.48 $0.58 $0.59
2030 $1.53 $1.64 $1.69

zkSync Price Prediction for 2024

If the positive momentum continues and zkSync breaks above its moving averages, it could reach targets between $0.20 and $0.50 by the end of 2024, with the average price set at $0.48.

zkSync Price Prediction for 2025

Technical analysis suggests a potential increase for ZK in 2025. The minimum zkSync price expected for 2025 is $0.48 while the maximum one is $0.59. In the middle, it may reach $0.58.

zkSync Price Prediction for 2030

Based on technical analysis, the ZK token may reach a maximum level of $1.69 at the beginning of the next decade, while, in the worst scenario, it may go to $1.53. The average expected price is $1.64.

zkSync Price Analysis

As zkSync has just one day of life, it’s still hard to provide a technical analysis on it. Once we know more about how the crypto responds to market moves, then we will be able to analyse its price.

Price/Performance Comparisons

Current Price One Year Ago Price Change
zkSync $0.2203 Not Available Not Available
Optimism $1.81 $1.1336 +63%
Ethereum $3,442.25 $1,737 +99%
Arbitrum $0.7958 $1.0065 -21%

zkSync Price History

zkSync price history
zkSync price in 2024. | Credit: CoinMarketCap

 

Time period zkSync price
Launch price (June 17, 2024) $0.2768
All-time high (June 17, 2024) $0.3078
All-time low (June 18, 2024) $0.1919

Fact Box

Supply and Distribution Figures
Maximum supply
21,000,000,000
Circulating Supply as of June 17, 2024 3,675,000,000 (17.5% of total supply)

From the Whitepaper

In its technical documentation, or whitepaper , zkSync says it is “is a Layer 2 ZK rollup, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum. In ZKsync Era, computation works off-chain.

Transactions are bundled into batches before generating a validity proof. As all validity proofs are proven on Ethereum, users enjoy the same security warranties as in the L1, which was then known as the Matic Network, does. It says that, while people have an interest in blockchain technology, many platforms slow down when they get busy, thus costing people time and money.

What Is zkSync?

zkSync Era is a Layer 2 ZK rollup, a trustless protocol utilizing cryptographic validity proofs to enable scalable, low-cost transactions on Ethereum.

How zkSync Works

zkSync is built on top of ZK-rollup technology. This allows for aggregating multiple transactions into a single proof that can be verified on the Ethereum blockchain.

Is zkSync a Good Investment?

It is perhaps a little too early to tell right now. Although crypto investors can, sometimes, have an interest in new products, they can also be creatures of habit. zkSync has a very short life, so it’s hard to say if its price will go up or down.

A lot will depend on both whether zkSync can persuade investors to take an interest in their new token and how the market behaves as a whole. 

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in ZK.

Will zkSync go up or down?

No one can really tell right now. While the zkSync crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in zkSync?

Before you decide whether or not to invest in Polygon Ecosystem Token, you will have to do your own research, not only on ZK, but on other coins and tokens such as Optimism (OP). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

zkSync Attention Tracker

zkSync Google search volume
zkSync Google search volume. | Credit: Google

Here is a chart for the zkSync Google search volume for the past 90 days. This represents how many times the term “zkSync ZK” has been Googled over the previous 90 days.

FAQs 

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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