ZK Craze Is Growing: These Altcoins Are Affecting!

With the increasing craze of ZK among investors in the crypto money world, these altcoins are attracting great attention! Here are the details…

Interest in ZK projects is growing: the hype is centered around these altcoins!

Due to the ZkSync airdrop confirmation and MINA’s latest updates, cryptocurrency investors are rallying around Zero-Knowledge altcoins. While interest in memecoins has decreased due to the increasing hype, especially in recent days, Shiba Inu (SHIB), Dogecoin (DOGE), Floki Inu (FLOKI) and Dogelon Mars (ELON) projects have experienced a decrease in the number of investors.

With ZK altcoins, many crypto money investors think that a new breath has come to the sector. The narrative, especially around Zero-Knowledge, has become even more important in the crypto community with the speculation and hype surrounding ZkSync. Cryptocurrency analysts commenting on Twitter suggest that ZkSync will announce an airdrop in 2023 and ZK altcoins will be of great interest. In addition, MATIC and MINA protocol took advantage of this excitement and announced their solutions and roadmaps to increase scalability.

The MINA protocol has started accepting applications for zkIgnite, a new group of developers to work on ZK-powered solutions on its blockchain. The post shared by Mina is as follows:

On the other hand, the data is extremely striking. zkSync continues to dominate the ZK ecosystem in terms of market share and efficiency. According to Dune analytics data, the protocol accounts for around 60 percent of daily active users in the ZK ecosystem.

DeFi investors’ eyes are on this fork!

cryptocoin.com As we reported, CAKE and UNI prices went down and erased the gains they made last week. PanCakeSwap, one of the most popular DEXs in the crypto ecosystem, forked UniSwap’s V3 for its 3rd release launch. While nothing happened for PancakeSwap at launch, the UNI price turned higher and faced investors with 5 percent gains before the final correction. These forks result in “Copy Cat” DEXs, a phenomenon previously observed in OHM forks in 2021-22.

On the other hand, analysts commenting on Twitter criticized Uniswap’s governance coin UNI and stated that its only benefit is governance voting, similar to ARB. This makes UNI less lucrative for DeFi investors.

Whales buy XRP ahead of SEC and Ripple lawsuit result!

XRP whales holding 10,000 to 100,000 and 1 million to 10 million XRP have been collecting altcoins continuously since the last week of March. The data from the leading whales of the crypto money market is extremely interesting. Whales holding 10 thousand to 100 thousand and 1 million to 10 million XRP in their hands have been buying XRP continuously since the last week of March.

According to the Santiment chart, the accumulation of whales is typically a bullish sign for assets, supporting the bullish thesis for XRP. The XRP holding community expects a result in favor of XRP in the case in 2023. Instantly, the XRP price level is trading at $ 0.508265.

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