zkSync Price Prediction: ZK Sinks 14% Amid Airdrop Controversy, Binance Listing, While This AI Meme Coin Closes On $6 Million

The
zkSync
price


plunged

more
than
14%
over
the
past
24
hours
to
trade
at
$0.245
as
of
7:15
a.m.
EST
as
investors
offload
their
holdings
on
the
market.

The
plunge
came
after
dissatisfaction
with
the
way
ZK,
an
Ethereum
scaling
solution,
distributed
its
controversial
airdrop.
The
central
complaint
was
the
way
Sybil
detection
was
used
to
decide
eligibility,
with
some
community
members
arguing
that
doubtful
wallets
managed
to
qualify.

We
know
that
a
lot
of
people
are
upset
because
the
airdrop
did
not
meet
their
expectations.
No
one
is
happy
about
it.

However,
there
was
no
way
to
design
this
airdrop
in
a
way
that
would
work
as
expected
by
everyone.
We
cannot
make
adjustments
in
the
design.
FAQs
explain
why.

—
ZK
Nation
(@TheZKNation)

June
15,
2024

Binance
Listing
Leads
To
zkSync
Price
Surging

Prior
to
the
recent
price
correction,
the
ZK
price
had
surged
after
leading
crypto
exchange


Binance

listed
the
token
today
at
4:00
a.m.
EST.
The
exchange


introduced

several
trading
pairs
for
the
altcoin,
including
ZK/BTC,
ZK/USDT,
ZK/FDUSD
and
ZK/TRY. 

Users
are
able
to
deposit
ZK
tokens
on
the
exchange,
but
withdrawals
will
only
be
enabled
on
Jun.
18
at
4:00
a.m.
EST. 

Binance
will
also
be
running
a
token
distribution
program
for
ZK
between
Jun.
17
and
Jul.
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
should
have
performed
at
least
50
transactions
on
the
zkSync
Era
network
between
February
2023
and
March
2024.
The
transactions
should
also
have
been
performed
over
a
seven
month
span.

The
zkSync
Price
Enters
Into
Consolidation

1-hour
chart
for
ZK/USD
(Source:


GeckoTerminal)

The
zkSync
price
has
consolidated
between
$0.0000054
and
$0.0004056
after
it
dropped
from
its
all-time
high
at
$0.0035694.
Following
this
steep
correction,
the
9
Exponential
Moving
Average
(EMA)
is
now
acting
as
a
technical
obstacle
for
the
crypto’s
price.

Should
zkSync
break
above
the
9
EMA
on
the
hourly
chart,
it
will
also
have
cleared
the
upper
boundary
of
the
current
sideways
channel.
As
such,
the
altcoin
might
have
the
foundation
needed
to
rise
in
the
following
few
hours. 

Traders
could
subsequently
look
to
enter
into
a
long
position
for
the


crypto,
which
could
push
its
price
to
the
next
major
resistance
level
at
$0.0011868.
With
enough
buy
pressure,
the
zkSync
price
might
flip
this
threshold
into
support
as
well
before
potentially
rising
to
as
high
as
$0.0019490
in
the
short
term.

On
the
other
hand,
this
bullish
thesis
could
be
invalidated
if
the
zkSync
price
fails
to
break
above
the
9
EMA
within
the
next
12
hours.
In
this
alternative
scenario,
the
altcoin
might
test
the
$0.0000054
support.
Breaking
below
this
technical
crutch
will
then
expose
ZK
to
the
risk
of
potentially
entering
into
a
price
discovery
phase
towards
the
downside.

As
the
zkSync
price
enters
a
consolidation
phase,
the
presale
for
AI
meme
coin


WienerAI

(WAI)
is
charging
towards
$6
million.

A
Light-
Hearted
Crypto
Backed
By
Sophisticated
Technology

WienerAI
is
one
of
a
handful
of
meme
coins
that
come
with
high
amounts
of
utility.
The
canine-themed
project
aims
to
serve
as
a
loyal
companion
for
crypto
traders. 

Through
the
use
of
sophisticated
AI
models
that
are
fine
tuned
to
trade
the
crypto
markets,
WienerAI
can
help
traders
and
investors
make
more
informed
decisions
in
the
highly-volatile
digital
asset
market.

With
its
predictive
technology,
traders
can
analyze
vast
amounts
of
data
to
uncover
hidden
trade
opportunities
almost
instantaneously.

In
addition
to
its
AI
technology,
WienerAI
offers
token
holders
a
number
of
other
products
as
well.
Most
notable
is
the
seamless
token
swap
platform
called
Sausage
Swaps,
which
ensures
that
traders
and
investors
never
miss
a
golden
opportunity
again.
There
is
also
the
MEV
protection
offered
to
token
holders. 

MEV
bots
have
been
a
major
issue
recently,
with
these
bots
exploiting
network
vulnerabilities
for
millions
of
dollars.
The
automated
scripts
can
delay
transactions
for
token
holders
and
potentially
lead
to
losses
as
well.
With
the
protection
offered
by
WienerAI,
investors
will
never
be
frontrun
by
these
MEV
bots.
What’s
more,
all
of
these
features
come
with
zero
fees.

With
everything
WienerAI
has
to
offer,
it
is
no
wonder
that
crypto
YouTuber
ClayBro
told
his
130,000
subscribers
that
WAI
could
surge
10x
after
launch.

Investors
Rush
To
Buy
WAI

WAI’s
ICO
has
performed
phenomenally
well,
raising
over
$5.9
million
so
far.
Beyond
the
high
levels
of
utility,
investors
are
likely
flocking
to
the
meme
coin’s
presale
to
get
in
on
the
193%
APY
up
for
grabs
for
ICO
buyers.

More
than
just
a
bot–WienerAI
is
your
ultimate
crypto
trading
companion.

We’re
delighted
to
share
some
sneak
peeks
with
our
incredible
and
supportive
community.
(1/4)

pic.twitter.com/kR8ypeJycj

—
WienerAI
(@WienerDogAI)

June
11,
2024

Selling
for
$0.000719,
WAI
tokens
can
be
bought
using
either
ETH,
USDT,
BNB
or
bank
card.
A
price
hike
is
coming
in
about
a
day
so
buy
soon
if
you
are
interested.

Once
purchased,
the
tokens
will
need
to
be
locked
up
for
investors
to
be
eligible
for
the
lucrative
staking
opportunity.

Purchase
and
stake
WAI
here
for
up
to
193%
in
annual
rewards.

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