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See the live zkSync price in USD. Buy zkSync or add it to your Crypto Strategy.

zkSync

ZK

ZK to USD Price

$0.1620

zkSync Market Cap

$595.26M

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ZK USD price chart / performance

ZK USD price chart / performance

Past performanceis not indicative of future results. USD ($) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+4.85%
Return (7D)
+34.92%
Return (1M)
+22.44%
Return (1Y)
N/A

My Investment

My Investment

Profit Taken
$0.00
0.00%
You Have:
$0.00
Unrealised P/L
$0.00
0.00%

zkSync (ZK) History and Overview

zkSync (ZK) History and Overview

zkSync (ZK) is an advanced Layer 2 scaling solution for Ethereum, designed to enhance transaction speed and reduce costs without compromising on security. Launched by Matter Labs, zkSync leverages zero-knowledge rollup technology to aggregate multiple transactions into a single proof, significantly increasing throughput and making Ethereum more scalable and user-friendly. Since its inception, zkSync has aimed to provide low-cost, high-speed transactions while maintaining the robust security features of the Ethereum network.

Tokenomics and Functionality

zkSync employs a native utility token, ZK, which plays a crucial role in the platform’s ecosystem. ZK is used for transaction fees, staking, and participating in governance, allowing token holders to influence the development and strategic direction of the network. This decentralized governance model ensures that the community has a say in the project's future, fostering a collaborative environment. Additionally, zkSync's design supports compatibility with Ethereum wallets and existing infrastructure, making it accessible for developers and users.

The platform’s core functionality revolves around its ability to handle thousands of transactions per second while maintaining the security guarantees of the Ethereum mainnet. By using zk-rollups, zkSync ensures that transaction data is stored off-chain, while proofs are stored on-chain, offering a robust solution to Ethereum’s scalability challenges. This approach significantly reduces gas fees and enhances the user experience without sacrificing security.

Market Dynamics and Risks

zkSync has quickly garnered attention within the crypto community due to its innovative approach to scalability and its potential to alleviate Ethereum’s congestion issues. However, as with any emerging technology, zkSync faces risks, including technological challenges, market competition, and regulatory uncertainties. Investors should consider these factors when assessing the viability of ZK as part of their portfolio. The Layer 2 landscape is evolving rapidly, and zkSync must continuously innovate to maintain its competitive edge.

Liquidity and Trading

ZKS tokens are available on both decentralized and centralized exchanges, providing ample liquidity and trading opportunities for investors. The availability of ZK on multiple platforms ensures that users can access the token with ease and benefit from competitive pricing and liquidity. This broad availability supports active trading and enhances the token’s market presence.

Regulatory and Competitive Landscape

The landscape for Layer 2 solutions is highly competitive, with several projects vying to become the go-to scalability solution for Ethereum. zkSync’s use of zk-rollup technology sets it apart, offering a unique blend of scalability, security, and cost-efficiency. Regulatory developments in the crypto space will play a critical role in shaping the future of zkSync and similar projects, necessitating ongoing compliance and adaptability. zkSync's focus on user experience and low transaction costs positions it well against competitors.

Future Prospects

The future of zkSync looks promising, with plans to integrate more features and expand its ecosystem. Upcoming initiatives include enhancing its compatibility with other blockchain networks, fostering developer engagement through grants and incentives, and rolling out additional functionalities to support a broader range of decentralized applications (dApps). zkSync aims to continue its trajectory of growth by leveraging partnerships and community support.

How To Buy zkSync or Add it to your Strategy

The fastest, most convenient way to purchase zkSync is to purchase it on ICONOMI. We check zkSync live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy zkSync by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if zkSync is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy zkSync, we recommend you read the next section, as copying might be a better approach.

Add zkSync to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have zkSync in their structure.

Posts

Here you can read and comment on all posts made by Strategists about zkSync ZK. See all zkSync price predictions in real time and make the best use of their crypto knowledge.

Stable WCI
2 Nov, 2024

A few days ago $BTC was very close to reaching new record highs. It has since pulled back slightly, but the overall trend remains positive. The U.S. elections are coming up on Tuesday, and we can likely expect significant volatility. $BTC dominance is already above 60%, and if we see new record highs, we might anticipate further growth in dominance. After that, altcoins, including $ETH, could see a rebound. I’m glad our investment in $ZK is paying off, as it has outperform $BTC in recent weeks.


I'm genuinely excited about the future, as I believe crypto has the potential to bring substantial profits in the coming months. 🔥


Have a nice weekend! 😊

4 people like this
Stable WCI
18 Oct, 2024

The crypto market is developing in a positive direction. $BTC is proving its strength, which has a positive effect on the entire crypto market. Although we don’t have it in our portfolio, a strong $BTC is a necessary foundation for the rest of the market. It's encouraging to see $ETH also growing, although not as fast as $BTC. Compared to $BTC, our returns over the past year have been fairly similar, but since January $BTC has outpaced us in overall returns.


I believe we’re in a good position to catch up quickly and start generating significant gains, if the positive momentum with $BTC holds and there aren’t any major disruptions.


We are maintaining the same portfolio structure, which includes $ETH, $LINK, $SEI, $ZK, $INJ, and $ROSE.


Have a nice weekend! 🙂

5 people like this
Stable WCI
12 Sep, 2024

Big news is expected for $ZK today, so let's increase our position. Don't know about the impact on price action, but they are building and elastic chains are going to be a game changer for sure. 🙂

4 people like this
Stable WCI
6 Sep, 2024

The crypto market is currently very boring, which certainly means we need to stay vigilant and not give up. It can be very frustrating at times, especially when everything seems dead, when it feels like a rebound is simply not possible. There have been many such moments before. I believe that those of us who persevere will eventually be rewarded. We must be aware that, historically speaking, September is a bad month for $BTC, as it typically loses around 7% on average. Currently, the decline in Bitcoin is just over 5%. The fact is, we can expect an interest rate reduction, which will lead to further money printing, and that’s like balm for crypto.


We maintain the current structure. $ETH hasn't really stood out, but the story is always the same. $ETH is often a target for criticism and FUD. However, the fact is, it is currently significantly undervalued. When the rebound happens, the criticism will quiet down, and people will write praises about it. The same goes for $ZK.


I'm considering adding $AAVE, which has extremely good fundamentals and tokenomics and has been holding up very well during these tough times. But we'll see.


My advice is to stay interested, as you will be rewarded sooner or later. Have a great weekend! 🙂


8 people like this
Stable WCI
18 Aug, 2024

The stock market and gold are thriving, while crypto seems to be struggling to catch a break. Grayscale, for instance, recently sold over 30% of their $ETH holdings, amounting to $3.4 billion in just the last 30 days. Although ETF outflows are beginning to slow down, the market impact has been significant. We saw a similar pattern with $BTC post-ETF launch, but the sell-off in $ETH has been even more aggressive.


The current state of the crypto market can only be described as lackluster. Take $ZK, for example—it launched two months ago with superior Layer 2 technology, yet it’s been underperforming. However, I believe $ZK has massive potential when the market rebounds.

Its elasticity system (elastic chains) offers infinite scalability, and the seamless transaction capabilities between different zkRollup chains, while maintaining shared liquidity, are groundbreaking. Plus, users can interact with a single account across all $ZK chains. A recent video does a great job of explaining these innovations.


Opportunities to buy a token at venture capital prices don’t come around often, especially with $ZK’s locked tokens until June 2025. Despite being one of the most heavily criticized projects—largely due to not distributing $ZK tokens to farmers (those who conduct numerous transactions to secure a good airdrop)—it’s poised for a comeback. Personally, I'm stacking $ZK as much as possible and looking to increase our position in Stable WCI as well.


Crypto’s trajectory is closely tied to the money supply, which is expected to increase once the SEC begins lowering interest rates. When that happens, the crypto market could see a significant revival.


Have a nice Sunday!

5 people like this

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zkSync Price FAQ

What Is the Highest Price of zkSync (ZK) in USD?

zkSync (ZK) price history shows the highest value of 0.20 USD . We recorded this price on July 22, 2024, but we cannot exclude that a higher price was registered before July 11, 2024.

What Is the Lowest Price of zkSync (ZK) in USD?
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What Is the Current Price of zkSync (ZK) in USD?
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