Zero-knowledge proof, one of the favorite areas of Ethereum co-founder Vitalik Buterin, is expected to be a hot topic in the future. Recently, ZK Coin showed significant growth following the announcement of its listing on Coinbase.
Popularity of Zero-knowledge Proof
Earlier last year, MATIC experienced significant price increases, signaling its transformation in the realm of Zero-knowledge proof technology. Since then, several altcoins, including ZK Coin, have made significant strides in this direction.
Reasons for ZK Coin Rise
Just moments ago, ZK Coin's price rose by over 7% following a listing announcement from Coinbase. Considering that BTC is also moving toward a daily close above $64,000, the conditions for such a rise seem very favorable. If BTC continues to increase, we could see this listing news providing maximum short-term benefits for the token's price.
Coinbase Announcement
Coinbase stated in their announcement: "Coinbase will add support for ZKsync (ZK) on the ZKsync network. Please do not send this asset through other networks, as your funds may be lost. Trading will start on September 25, 2024, at 09:00 PT or later, provided liquidity conditions are met. Trading will gradually commence in our ZK-USD trading pair once adequate supply of this asset is secured. ZK support may be restricted in some jurisdictions."
The recent rise of ZK Coin following the Coinbase listing announcement highlights the potential of Zero-knowledge proof technology. Future significant changes and improvements are likely in this area.
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