ZKsync Price Rallies 120% After Vitalik Buterin’s Endorsement
ZKsync price surged 120% to $0.74 following Ethereum co-founder Vitalik Buterin's endorsement. The rally began after ZKsync founder Alex Gluchowski announced the Atlas upgrade, highlighting its institutional-grade scalability and interoperability.
- Vitalik Buterin praised ZKsync's contributions to the Ethereum ecosystem, prompting a bullish market reaction.
- ZKsync's price rose from $0.03 to $0.74, driven by positive sentiment and the Atlas upgrade.
- The project recently launched Prividium, an Ethereum-anchored L2 solution for private, permissioned transactions.
- Over 30 institutions, including Citi and Deutsche Bank, are exploring Prividium's capabilities.
ZKsync's market cap reached $600 million, with trading volume increasing by 1,500%, indicating a strong investor response.
ZKsync Price Forecast
- ZKsync confirmed a breakout above $0.70, suggesting a new uptrend.
- The Aroon indicator and RSI show strong momentum but caution against short-term exhaustion.
- Potential gains to $0.0085, while failure to hold above $0.056 could lead to a retracement towards $0.045.
