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Is $0.1 Locked In For ZK Crypto? Hopium Grows Over ZK Sync Breakout Push – Here’s The Verdict

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Out of nowhere, crypto is feverishly bullish on privacy tokens. ZEC crypto is pushing closer to the $500 mark, while ZK crypto, the token behind ZK Sync, is having an episode on its own.

On Coingecko, ZEC and are dominating the “Top Trending” chart, extending gains of the past few days. While ZK USDT is cooling off at press time, it is up an impressive +44% in the last week of trading and is easily one of the best cryptos to buy.

ZK crypto surged by over +110% in two days. Is ZK USDT ready for a 2x spike to $0.10? Vitalik Buterin endorses ZKSync after Atlas

(Source: Coingecko)

Overall, the tech behind ZKSync could set ZK crypto apart, explaining the wave of buying pressure. On the other side of the equation, it could be that ZK USDT was undervalued all along, and many people are beginning to realize the distinctive benefit that places ZK Sync above its peers.

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ZK Crypto: $0.1 Incoming?

ZK crypto surged +155% in two days. Although the inevitable correction started on November 2, the uptrend remains.

This cooling-off period was only necessary and part of how the market operates. If anything, this retracement may provide opportunities for those who are late.

ZK crypto surged by over +110% in two days. Is ZK USDT ready for a 2x spike to $0.10? Vitalik Buterin endorses ZKSync after Atlas

(Source: ZK USDT,  TradingView)

Early snipers likely cashed out after the climactic climb over the weekend.

Most importantly, looking at the candlestick arrangement on the daily chart: Losses of October 10 have been completely erased. This bounce is massive for ZK crypto, and could be the foundation of a mega 10X leg up in the coming sessions.

For the uptrend to remain intact, the local support levels at $0.045 and $0.030 must hold.

On X, one analyst notes that the ZK crypto’s future is bright. Due to the expansion last week, ZK USDT prices rose to retest the upper limit of a descending channel, as shown clearly in the weekly chart.

What’s more? The close of last week’s bar was with unusually high trading volume.

For this reason, he expects ZK crypto to edge higher. However, for this rally to be validated, there must be a solid close above $0.075.

When this happens, not only will ZK more than 2X from spot rates, but nothing will prevent it from retesting 2024 highs of $0.27 in early 2026.

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What’s Behind the ZKSync Expansion?

Rarely do blue-chips surge without solid catalysts. Top meme coins do, because, well, they are speculative as they are, but nonetheless a solid part of crypto.

ZKSync, being a “serious” project designed to scale Ethereum privately using zero-knowledge proofs, didn’t spike 2X in two days because of hype.

Instead, it was primarily due to Vitalik Buterin’s posts on X. Buterin has always been a big fan of zero-knowledge technology, highlighting multiple instances where it can be a game-changer if widely implemented on Ethereum.

So, when he noted the “valuable” and “underrated” work the ZKSync community has been doing on Ethereum, ZK crypto couldn’t help but explode.

ZK crypto surged by over +110% in two days. Is ZK USDT ready for a 2x spike to $0.10? Vitalik Buterin endorses ZKSync after Atlas

(Source: VitalikButerin, X)

Following Buterin’s endorsement was the activation of the ZKSync Atlas upgrade a day earlier, on October 31. With Atlas live on the ZKSync mainnet, its sequencer, dubbed the Airbender, can now process up to 30,000 TPS all while maintaining interoperability with the mainnet.

The question now is: Will true adoption, as seen with Lighter’s use of zero-knowledge proofs, drive ZK crypto even higher, or will the FOMO end and a falling ETH USDT price weigh negatively on the price?

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ZK Crypto Explode +110%, Will ZKSync Rally Even Harder?

  • ZK crypto up +110% in two days 
  • ZK USDT bulls target $0.10 
  • ZKSync scaling Ethereum using zero-knowledge proofs 
  • Vitalik Buterin endorses ZKSync’s valuable work 

The post Is $0.1 Locked In For ZK Crypto? Hopium Grows Over ZK Sync Breakout Push – Here’s The Verdict appeared first on 99Bitcoins.

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