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zkSync price decreased More than 14% in the past 24 hours to trade at $0.245 as of 7:15 AM EST as investors unload their holdings into the market.
The drop came after dissatisfaction with the way ZK, an Ethereum scaling solution, distributed its controversial airdrops. The central complaint was the way Sybil’s discovery was used to determine eligibility, with some community members arguing that questionable wallets managed to qualify.
We know that many people are upset because the airdrop did not meet their expectations. Nobody is happy about that.
However, there was no way to design this airdrop in a way that it would work as expected by everyone. We cannot make design modifications. Our FAQ explains why.
— ZK Nation (@TheZKNation) June 15, 2024
Binance listing sends zkSync prices soaring
Before the recent price correction, ZK price rose after the leading cryptocurrency exchange Binance The token was listed today at 4:00 AM EST. exchange foot Several altcoin trading pairs, including ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY.
Users can deposit ZK tokens on the exchange, but withdrawals will only be enabled on June 18 at 4:00 AM EST.
Binance The exchange will also run a ZK token distribution program between June 17 and July 16. During this period, the exchange will distribute a total of 10,500,000 ZK tokens to up to 52,500 eligible Binance users.
To qualify, users must have made at least 50 transactions on the zkSync Era network between February 2023 and March 2024. Transactions must also occur over a seven-month period.
zkSync price is entering the consolidation phase
ZK/USD 1-hour chart (Source: GeckoTerminal)
zkSync price consolidated between $0.0000054 and $0.0004056 after falling from an all-time high of $0.0035694. After this sharp correction, the 9th Exponential Moving Average (EMA) is now acting as a technical hurdle for the cryptocurrency price.
If zkSync breaks above the 9 EMA on the hourly chart, it will also have cleared the upper border of the current side channel. As such, the altcoin may have the necessary foundation to rally in the next few hours.
Traders can then look to enter into a long-term buy position encryption, which could push its price to the next major resistance level at $0.0011868. With enough buying pressure, zkSync price may flip this threshold into support as well before rising to a high of $0.0019490 in the short term.
On the other hand, this bullish hypothesis could be invalidated if zkSync price fails to break above the 9 EMA in the next 12 hours. In this alternative scenario, the altcoin might test support at $0.0000054. A break below this technical crutch will put ZK at risk of potentially entering a price discovery phase towards the downside.
As the price of zkSync enters the consolidation phase, the AI meme coin will be pre-sold WienerAI (WAI) charges $6 million.
Light-hearted encryption backed by cutting-edge technology
WienerAI is one of the few meme coins that comes with a significant amount of interest. The dog-themed project aims to serve as a loyal companion for cryptocurrency traders.
By using cutting-edge AI models that are well-tuned to trade in cryptocurrency markets, WienerAI can help traders and investors make more informed decisions in the highly volatile digital asset market.
Thanks to its predictive technology, traders can analyze massive amounts of data to uncover hidden trading opportunities almost instantly.
In addition to its AI technology, WienerAI offers token holders a number of other products as well. Most notable is the token swap platform called Sausage Swaps, which ensures that traders and investors never miss a golden opportunity again. There is also MEV protection offered to token holders.
MEV bots have been a big problem lately, with these bots exploiting network vulnerabilities for millions of dollars. Automated scripts can delay transactions for token holders and possibly lead to losses as well. Thanks to the protection provided by WienerAI, investors will never be targeted by these MEV bots. What’s more, all of these features come at no charge.
With everything WienerAI has to offer, it’s no wonder cryptocurrency YouTuber ClayBro told his 130,000 subscribers that WAI could soar 10x after launch.
Investors are rushing to buy WAI
WAI’s ICO has performed exceptionally well, raising over $5.9 million to date. Beyond the high levels of utility, investors will likely flock to the memecoin pre-sale for a 193% APY to attract ICO buyers.
More than just a robot – WienerAI is your perfect cryptocurrency trading companion.
We’re excited to share some sneak peeks with our amazing and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
– WienerDogAI (@WienerDogAI) June 11, 2024
WAI tokens sell for $0.000719 and can be purchased using ETH, USDT, BNB or bank card. The price hike will come in about a day, so buy soon if you’re interested.
Once purchased, tokens must be locked in order for investors to be eligible for the profitable stake opportunity.
Buy and stake WAI here for up to 193% annual bonus.
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