- ZKsync price just skyrocketed 135% from $0.028 to $0.085 in a week before cooling to $0.069.
- CEO Alex Gluchowski’s proposal transforms ZK from a mere governance token into an economic hub—fueling buybacks, burns, and staking rewards from network fees.
- With RSI near 67 and MACD still bullish, analysts see potential for ZK to rally toward $0.10–$0.15 if support at $0.064 holds.
ZKsync price has risen 135% in one week despite being down 12% in the last 24 hours to trade at $0.6794 on a 13% drop in trading volume. Despite the daily drop, few stories shine brighter than ZKsync’s ZK token this November.
What started as a sleepy Layer 2 Ethereum scaler has exploded, surging over 135% in just seven days—from a lowly $0.028 to peaks near $0.085. As Bitcoin and Ethereum stumble on ETF outflows, ZK defies gravity. But with the fanfare fading into a 12% daily dip, investors wonder if the party’s over, or if this dip is a golden entry?
Why is ZKsync Price Rising?
ZKsync’s brain trust, led by Matter Labs CEO Alex Gluchowski, announced a proposal on Tuesday to revamp the ZK token from pure governance gimmick to economic powerhouse.
Picture this: All network fees (from interoperability bridges to messaging, and even off-chain licensing deals for enterprise tech), funneled into buybacks, burns, and staking rewards.
“The goal is to align usage with value,” Gluchowski posted on the ZKsync forum, echoing a June “ZKnomics” roadmap. No more free-riding; enterprises building on ZKsync’s open-source stack pay up, creating a “self-reinforcing economic loop.”
Vitalik Buterin’s shoutout to the “underrated” Atlas upgrade was the icing on the cake, sparking that initial 120% pop.
Looking at the ZKUSDT chart, the price action shows that from late October lows hugging $0.028, green candles erupted in early November, blasting past the 50-day and 200-day Simple Moving Averages (SMAs) at $0.0465 and $0.0546.
Volume also spiked with the breakout, signaling buyer frenzy, but has since subsided as profit-taking kicked in. ZKsync network fees jumped 694%, though at just $4,960 in the last 24 hours, they remain miles below competitors.
The price tapped a high of $0.0825 before pulling back to $0.06432, now hovering at $0.06958. It’s a classic pump-and-retrace as euphoria meets profit-taking.
Is It Too Late to Buy ZKsync?
Technicals show ZK price action is bullish. The Relative Strength Index (RSI) at 67.32 flirts with overbought without crossing into danger (above 70).
Meanwhile, the Moving Average Convergence Divergence (MACD) shows a fresh bullish crossover earlier this week, with the histogram flipping positive amid the rally. However, a tiny negative bar (-0.00062) hints at short-term cooling.
Still, price sits firmly above both SMAs, a vote for uptrend continuation. If support holds above $0.064 (recent lows), analysts eye $0.1039 by next week (possibly over the weekend), or even $0.15 on sustained hype.
Despite the bullish undertone on ZK price, crypto is littered with overhyped tokens that crater post-pump. Bearish Bitcoin-infused market jitters could drag ZK down.
But with record activity and real utility incoming, this feels different. With the Atlas Upgrade, ZKsync just achieved 15,000+ TPS, enabling high-throughput use cases like DeFi and NFTs.
At $0.069, investors would be buying at a 20% discount from peaks, with fundamentals screaming “build.” ZKsync isn’t just scaling Ethereum, it’s rewriting its own playbook.
Disclaimer: The facts and analysis presented here are only for informational purposes. Readers should not interpret the content of this article as financial advice or product recommendations.
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