ZKP Project Approaches Supply Contraction Phase, Projected $1.7 Billion Raise
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 9h ago- Supply Contraction Approaches: The Zero Knowledge Proof (ZKP) project is transitioning to Phase II, reducing daily supply to 190 million tokens and implementing a burn mechanism, with a projected raise of $1.7 billion significantly enhancing potential returns for investors.
- Infrastructure Investment: ZKP has invested $37 million in core protocols and a global Proof Pod hardware network, supporting major clients including the Miami Dolphins, creating over $100 million in deployed infrastructure that strengthens its market competitiveness.
- Enhanced Market Momentum: The Solana network has seen trading volume increase by over 100% this week, generating approximately $7.6 million in weekly revenue, with analysts predicting that a break above $150 could propel prices toward $165, indicating strong market demand.
- Technological Advancements: Avalanche has seen trading volume exceed $518 million, maintaining a price range between $14.24 and $14.88, with a potential breakout above $15.50 opening the path to $17.11, showcasing strong technical recovery potential.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
