october cryptocurrencies But it didn’t end well for ZK Coin Investors got off to a great start in November. Zero knowledge proof capabilities have been very popular in recent years, but the strengthening competitive environment and weakening liquidity have brought new lows in many altcoins. ZK Coin would start positive divergence as of November.
Why Is ZKsync (ZK) Rising?
An increase of nearly 140 percent since yesterday ZK Coin It made a new local peak at $0.0633. There are basically two reasons for the rise of ZK Coin. The first of these is the big ZKsync Atlas upgrade. This upgrade makes 15,000 TPS possible. In other words, 15 thousand transactions per second become possible with zero knowledge proof and almost zero fees. Reducing interaction to exactly 1 second Ethereum 
$3,890.97 impressive because its mainnet scales and does so securely with a zero-knowledge proof.
“For the first time, L2s will serve as real-time liquidity hubs for institutional capital. of Ethereum They can trust him.
Atlas reduces the interaction between L2 and L2 to approximately one second and reduces the interaction latency between L1 and L2 below the Ethereum block commit time. This means there is no longer a need for a separate liquidity hub for institutional and RWA flows, where participants wait for Ethereum to finalize.
Before Atlas, every L2 ecosystem had to create a centralized liquidity hub (like ZKsync Era, Base, or Arbitrum One). This was the only way it worked: you had to multiply liquidity and rely on this internal pool (especially for optimistic rollups, which can take up to seven days for the interaction between L1 and L2 to finalize).
With Atlas, this is no longer possible. ZKsync Chains built on it can now directly benefit from Ethereum’s liquidity. Dedicated hubs and execution chains will still be built, but they will no longer be essential general-purpose liquidity engines but will become value-added and specialized. Instead of recreating Ethereum’s liquidity, they will strengthen it. “- ALEX | ZKsync
The second biggest reason for the rise is that Ethereum founder Vitalik Buterin spoke highly of ZKsync. He made this post after the Atlas update and increased investors’ excitement for ZK Coin.
“ZKsync is doing a lot of underrated and valuable work in the Ethereum ecosystem. It’s very exciting to see this news coming from them!” – Vitalik Buterin
ZK Coin Price Prediction
ZKsync (ZK) It is now much stronger and available for larger partnerships. If the advantages provided by this technical upgrade are confirmed by important partnerships in the coming period, we may see a further increase in price. As more protocols take advantage of its capabilities, interest will also increase.
The chart is quite suitable for an increase because a recovery from the bottom was expected after the excessive sales levels. The big news came right at the bottom. If the closes above $0.0547 continue, we will wait for $0.0784 to be reclaimed and the 0.116 bottom to be targeted.
