Interest is surging in the cryptocurrency market as the presale phase for Zero Knowledge Proof (ZKP) kicks off, adopting a model reminiscent of leading crypto assets. The project has garnered attention due to its unique daily distribution system, releasing 200 million coins in each cycle. This transparent, on-chain pricing format eliminates the complexities of traditional presales, presenting a straightforward opportunity for those seeking clearer rules during the initial access period.
In the backdrop of this enthusiasm, recent developments surrounding Hedera have surfaced, with HBAR retesting a significant support zone between $0.12 and $0.14—a level that has historically attracted buying interest. Meanwhile, ZCash is grappling with a severe price decline, having dropped more than 50% from its peak earlier in November, leading to increased panic among investors.
The plunge in ZCash’s value has been steep, with the coin falling from around $750 to approximately $364. This steep decline accelerated recently, resulting in a 20% decrease in the last 24 hours alone and a significant drop of over 30% in a week. ZCash has emerged as one of the weakest major altcoins this quarter due to heightened panic selling, deteriorating technical indicators, and rising tension within the community. Analysts are sounding alarms, noting that, with critical support levels breached, ZCash’s price could face further declines unless investor confidence rebounds.
Conversely, HBAR has shown resilience as it navigates a key support level. After experiencing a drop of over 6% amid a liquidation wave, Hedera’s token has returned to the crucial support zone where buyers have previously stepped in. Currently trading below its 100-week moving average, any upward movement could lead to resistance near $0.19. However, if this support fails, analysts warn that HBAR could descend further, targeting levels around $0.09.
On a more positive note for traders, Zero Knowledge Proof stands out with its daily release of tokens, which is fostering increasing engagement. This presale auction format allows participants to enter by contributing Ethereum (ETH), USD Coin (USDC), or ZUSD, with prices being determined by dividing total contributions by 200 million tokens each day. The entire process is conducted transparently on-chain, enabling users to monitor contributions while avoiding preset stages or private deals.
To maintain fairness, each wallet in the presale is subject to a limit of $50,000 per day, which prevents any individual from monopolizing the auction and ensures a broader range of users can participate. This clear structure appeals to potential investors looking for transparency at a time when many presales involve intricate rules.
As the presale progresses, more participants are taking notice of Zero Knowledge Proof’s approach, which combines steady distribution, on-chain pricing, and a predictable supply schedule. This model positions ZKP as an appealing alternative in discussions about leading cryptos.
In summary, the presale of Zero Knowledge Proof is generating significant interest with its structured distribution format, while Hedera’s HBAR is facing critical support tests. Meanwhile, ZCash navigates troubling times as it remains under selling pressure. The landscape remains dynamic, with ZKP emerging as a focused opportunity for early adopters in the evolving crypto market.
