- ZKL shows bullish potential with a double-bottom pattern, targeting 533% growth as highlighted by a crypto analyst.
- The delayed token vesting aligns zkLink’s focus on strengthening its community and advancing zero-knowledge cryptography.
zkLink token (ZKL) has a strong bullish trend, according to a recent TradingView post by famous crypto analyst Alan Santana. Santana said the token has shown a double-bottom pattern, a bullish signal despite the quite young chart and minimal historical data.
Perhaps indicating the beginning of a new bullish wave, the prior optimistic candle displayed the biggest true body of any since trading started for this altcoin.
ZKL Gains Momentum Amid Market and Ecosystem Changes
The continuous ascent in Bitcoin and the major altcoin market helps to further boost the market’s hope. Santana showed faith in ZKL’s potential and proposed even more probable increases in the next months, establishing a first target of a 533% rally.
Meanwhile, ZKL is swapped hands at about $0.1579 as of writing, a 5.23% increase over the last 24 hours and a 41.02% rise over the last 7 days. The market cap of the token has been raised by this performance above the $32 million mark.
Still, new changes in the ecosystem of zkLink also help to define its course. Originally planned to start on October 22, 2024, the six-month delay in the token vesting timeline was reported by the zkLink Core DAO.
Now, rescheduled for April 22, 2025, this delay affects 40.5% of the entire token supply and is meant to enhance the community while keeping zkLink’s leadership as a top infrastructure supplier intact.
Also, in December 2024, zkLink Labs disclosed a strategic alliance with Nexus Laboratories, therefore strengthening its ecosystem. Reiterating zkLink Nova, the biggest Layer 3 zkEVM, the alliance aims to further zero-knowledge cryptography and multi-chain interoperability.
On the other hand, as we previously highlighted, altcoins including Solana, Sui, and Hyperliquid are also starting to take hold on the market concurrently. During the 2021 bull run, Solana’s low transaction fees and quick processing speeds were quite important in helping Ethereum’s scalability problems to be resolved.
Rising as fierce rivals with creative ecosystems and original blockchain technologies driving acceptance are Sui and Hyperliquid.
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