ZK Coin Price Surges Following Coinbase Listing Announcement

Zero-knowledge proof, one of the favorite areas of Ethereum $2,499 co-founder Vitalik Buterin, is expected to be a hot topic in the future. Earlier last year, MATIC experienced significant price increases, signaling its transformation in this realm. Since then, several altcoins have made strides in zero-knowledge proof technology, with ZK being one of them.

Why is ZK Coin Rising?

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 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.”