ZKsync Price Prediction 2025: Timid Growth Expected as Hype Fades

Key Takeaways

• ZK, the zkSync Era Layer-2 protocol token, came out mid-June 2024.
• What’s next for zkSync?
• One zkSync price prediction says ZK could reach $0.50 in 2025. 

ZKsync Era is a Layer-2 protocol designed to scale Ethereum using advanced zero-knowledge technology.

According to the founding team, it aims to uphold its core principles: freedom, self-sovereignty, and decentralization on a larger scale.

On Nov. 13, 2024, ZK was worth about $0.146.

Let’s now examine our zkSync price prediction. We’ll also examine zkSync’s price history and explain what it is and does. 

ZKsync Price Prediction

Here are our ZK price predictions, made on Nov. 13. While we take the utmost care with our price forecasts, we have to remind you that price predictions, especially for something as potentially volatile as crypto, can often be wrong.

ZKsync Price Prediction 2024

In 2024, ZK is likely to experience volatility as it finds its footing after a corrective phase, with the minimum price potentially reaching $0.10 if support levels break during market downturns. However, suppose the ascending channel continues to hold. In that case, the price may stabilize around an average of $0.20, with a potential high of $0.30 if bullish momentum sustains amid renewed interest in the token.

ZKsync Price Prediction 2025 

By 2025, ZK may benefit from increased market maturity and wider adoption, which could lift the average price to $0.35. If market conditions are favorable and technical levels are supported, the price could push toward a maximum of $0.50, though any bearish pressures could bring it down to a minimum of $0.15.

ZKsync Price Prediction 2030

Looking toward 2030, ZK’s value could grow significantly if the project gains widespread adoption and the broader crypto market expands, with a potential average price of $0.80. In an optimistic scenario with strong fundamentals and market demand, ZK might reach as high as $1.20, though a low of $0.40 remains possible in case of setbacks or increased competition.

ZKsync Price Analysis

ZK surged on June 17, then reversed, dipping to an all-time low on August 5 before starting a recovery within an ascending channel.

A five-wave move reached $0.161 on November 12, marking the third test of channel resistance. This rejection signals a potential correction. The channel may represent a bullish structure, with ZK likely entering a correction to establish a higher low for further gains.

The daily RSI reached 65%, indicating overbought conditions. A pullback to horizontal support could clarify the next trend.

Short-term ZKsync Price Prediction

The hourly chart shows ZK’s momentum slowing after its rise since August 5. Sideways trading from November 10 was followed by a 10% drop. This decline may be the start of an ABC correction, with a target at the 0.618 Fibonacci level of $0.11, aligning with support.

If support holds, ZK could initiate a new uptrend, aiming for $0.24, based on the 1.618 Fibonacci extension. The ZKsync price prediction for the next 24 hours depends on whether the support can hold.

ZKsync Average True Range (ATR): ZK Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

On Nov. 13, 2024, zkSync’s ATR was 0.00817, suggesting average but rising volatility.

ZKsync Relative Strength Index (RSI): Is ZK Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Nov. 13, 2024, ZKsync’s RSI was 46, indicating a slightly bearish sentiment.

ZKsync Market Cap to TVL Ratio

The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to locked asset value. A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.

On Nov. 13, 2024, the ZKsync TVL ratio was 6.13, suggesting overvaluation.

CCN Strength Index

The CCN Strength Index combines an array of advanced market signals to quantify the strength of individual cryptocurrencies over a recent 30-day period.

Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap , focusing on both trend direction and the intensity of price movements.

• 0 to 24: Assets exhibit significant weakness, showing signs of sustained downtrend behavior.
• 25 to 35: The price tends to move within stable bounds with minimal volatility.
• 36 to 49: Assets begin a stable uptrend but without strong surges.
• 50 to 59: Consistent growth with moderate price advances, building momentum.
• 60+: Sharp price movements and high demand indicate stronger volatility and trend shifts.

The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.

However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.

On Nov.13, 2024, zkSync scored 38 on the CCN Index, suggesting weak-to-moderate momentum.

ZKsync Price Performance Comparisons

ZK Price History

Let’s look at some key dates in the admittedly short zkSync price history. While past performance is no indicator of future results, knowing what the crypto has done in the past can give us some much-needed context when it comes to either making or interpreting a ZK price prediction.

ZKsync Market Cap

The market capitalization, or market cap, is the sum of the total ZK in circulation multiplied by its price.

On Nov. 13, 2024, zkSync’s market cap was $535 million, making it the 123rd largest crypto by that metric.

ZKsync Fact Box

From the ZKsync Whitepaper

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

Transactions are bundled into batches before generating proof of validity. As all validity proofs are proven on Ethereum, users enjoy the same security warranties as the L1, which was then known as the Matic Network, does. It says that while people are interested 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 SKsync 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 are sometimes interested in new products, they can also be creatures of habit. zkSync has a short life, so it’s hard to say if its price will increase or decrease.

A lot will depend on whether zkSync can persuade investors to invest in its new token and how the market behaves. 

As always with crypto, you should 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 that prices can and do go down and up. 

Should I invest in ZKsync?

Before deciding whether to invest in Polygon Ecosystem Token, you must research ZK and other coins and tokens such as Optimism (OP). Either way, you must also ensure you never invest more money than you can afford to lose.

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 user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.