ZKsync Token Surges Over 70% Following Vitalik Buterin Endorsement and Atlas Upgrade
ZKsync Token Surges Over 70% Following Vitalik Buterin Endorsement and Atlas Upgrade

ZKsync Token Surges Over 70% Following Vitalik Buterin Endorsement and Atlas Upgrade

News summary

The ZKsync (ZK) token experienced a significant price surge exceeding 65% following public endorsement from Ethereum co-founder Vitalik Buterin, who praised ZKsync's technical contributions and its role within the Ethereum ecosystem. This rally was closely tied to the recent launch of ZKsync's Atlas upgrade, which introduced a high-performance sequencer capable of processing up to 30,000 transactions per second, alongside the Airbender system enabling near-instant transaction finality and enhanced cross-chain operations. The Atlas upgrade also integrates Ethereum liquidity directly with Layer 2 chains, boosting network capacity and speed, and positioning ZKsync for enterprise and institutional use cases such as payments and cross-border settlements. Despite some retracement after the initial surge, technical indicators suggest continued bullish momentum and potential for further price increases, supported by positive Bull Bear Power and Supertrend signals. Vitalik Buterin's endorsement, combined with the fundamental improvements from the Atlas upgrade, has revitalized interest and trading activity within the Layer 2 ecosystem, highlighting ZKsync as a bright spot amid broader crypto market challenges.

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Last Updated
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Positive

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