This article centers around a thorough assessment of ZKS coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our ZKSort aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is ZKSpace (ZKS) Coin?
ZKSpace (ZKS) is a cryptocurrency that powers the ZKSwap platform , which is a decentralized exchange (DEX) built on Ethereum .
The primary goal of ZKSwap is to provide users with fast and low-cost trading experiences by utilizing layer 2 scaling solutions known as zero-knowledge proofs . These proofs enable transactions to be processed off-chain while ensuring their integrity and security .
The ZKS token serves multiple purposes within the ZKSwap ecosystem . It acts as a governance token, allowing holders to participate in decision-making processes related to protocol upgrades and other important matters . Additionally , users can stake their ZKS tokens to earn rewards and receive fee discounts when using the platform .
As with any cryptocurrency investment, it’s essential to conduct thorough research before making any decisions regarding ZKS tokens or any other digital asset.
If you want to know more about the ZKSpace (ZKS) coin , you can visit its website .
https://zks.org/
Projects:
ZKSpace (ZKS) has several key projects and initiatives within its ecosystem:
1ZKSwap: ZKSwap is a decentralized exchange (DEX) built on Ethereum that utilizes layer 2 scaling solutions known as zero-knowledge proofs . It aims to provide users with fast , low-cost , and secure trading experiences by processing transactions off-chain while ensuring their integrity .
- Layer 2 Scaling Solutions : ZKSwap focuses on implementing innovative layer 2 scaling solutions to address the scalability issues of the Ethereum network . By utilizing zero-knowledge proofs , it aims to significantly increase transaction throughput and reduce gas fees for users .
- Governance Mechanism : The ZKS token serves as a governance token within the ZKSwap ecosystem. Token holders have voting rights to participate in decision-making processes related to protocol upgrades , fee structures , or other important matters concerning the platform’s development .
- Staking Rewards : Users can stake their ZKS tokens in designated pools and earn rewards for supporting the network’s security and stability . These staking incentives aim to encourage network participation and long-term engagement from token holders .
- Fee Discounts : Holding and using ZKS tokens on the platform allows users to benefit from fee discounts when conducting transactions on ZKSwap .
- Community Development Grants Program : To foster innovation within its ecosystem, ZKSpace offers grants programs designed to support developers building applications or tools that enhance or integrate with the protocols developed by the Project .
These projects reflect ZKSpace’s focus on providing scalable infrastructure for decentralized exchanges while promoting community participation through governance mechanisms and incentivizing active involvement with features like staking rewards .
It’s important for interested individuals or investors to stay updated with official channels for more information about ongoing developments from the ZKSpace team regarding these projects .
Factors affecting price:
The price of ZKSpace (ZKS) coin, like any other cryptocurrency , can be influenced by various factors . Here are some key factors that may impact the price :
- Market Sentiment : Overall market conditions and investor sentiment towards cryptocurrencies can influence the price of ZKS tokens . Factors such as market volatility or general trends in the crypto industry could affect how investors perceive and value ZKS .
- Adoption and Usage : The level of adoption and usage of the ZKSwap platform can have an impact on the demand for ZKS tokens . Increased activity on the platform , higher trading volumes , or successful deployment of new features may attract more users to utilize ZKS tokens , potentially affecting their value .
- Technology Developments : News about technological advancements or upgrades to the ZKSwap protocol could generate interest among investors and traders, potentially increasing demand for ZKS tokens .
- Competitor Landscape : Competition from other decentralized exchanges or layer 2 scaling solutions might influence user adoption rates and consequently affect token value .
- Regulatory Environment : Changes in regulations concerning cryptocurrencies or decentralized exchanges could impact investor sentiment towards projects like ZKSpace .
- Partnerships and Integrations : Collaborations with other blockchain projects or strategic partnerships can raise awareness about ZKSpace/ZKSwap and attract new users to its platform. Positive news related to partnerships may have a positive effect on token price .
It’s important to note that cryptocurrency markets are highly volatile, so these factors should be considered alongside thorough research before making investment decisions regarding ZKS tokens or any other digital asset .
Where can I buy ZKSpace Coin (ZKS)?
Exchange Pair Volume
ZKSpace Coin (ZKS) Baseline Assessment :
The market cap of the ZKSpace (ZKS) coin is $9.899.132 and its circulating supply is 223.450.000 units. Its maximum Supply is 1.000.000.000 units , with a fully diluted valuation of $ 44.301.330 .
What is the high price point for ZKSpace Coin (ZKS)?
ZKSpace(ZKS) highest price is $11.37 recorded on Feb 25, 2021. The current price is -99.61% lower than the all-time high .
What is the low point of the price for ZKSpace Coin (ZKS)?
ZKSpace(ZKS) token’s lowest price was $0.03826 on Jun 18, 2022.
ZKSpace Coin (ZKS) Technical Outlook:
ZKSpace ( ZKS ) coin , which was $4.51 on 29 Mar 2021 , dropped to $0.0382 on 13 Jun 2022. It has been moving between $0.0395 for a long time and $0.1279, the level where the volume of the downtrend is concentrated . To start an uptrend, the price must make voluminous candle closures above these levels. If Rsi can break above 42, the reaction could be a sign for a bullish turn. In possible rises , levels that previously worked as horizontal support will appear as resistance .
Our support zone is $0.0395 and our sequential resistances are: $0.0920 – $0.1279 – $0.1693 – $0.3756 – $0.9594 – $3.91
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences. Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .
