The ZKWASM price has been making waves in the cryptocurrency market, with a sharp 20% rally within the last 24 hours. This surge adds to the token’s August uptrend, which continues to show strength and resilience.
One of the key factors driving this momentum is the increase in trading volumes and market cap growth. According to CoinMarketCap data, ZKWASM has $5.54 million in daily trading volume and a market cap of $6.98 million. These figures suggest a growing interest from traders and investors in the token. Additionally, with nearly 10% of the total token supply out of circulation, liquidity is improving, further boosting investor confidence in ZKWASM.
Apart from the price action, the growth of the ZKWASM community has also been a significant factor in driving investor confidence. Delphinus Labs recently announced its submission of a CoinGecko listing and verification request, signaling transparency and credibility. This was followed by a giveaway of 50,000 tokens by KuCoin on August 6th, further solidifying the token’s presence in the market.
On the technical front, the ZKWASM price chart has shown a strong bullish momentum, with key resistance levels being flipped. The recent 20% intraday gain indicates strong buyer demand, with projections suggesting further upside potential. Some traders are eyeing a short-term target of $0.08121, with an optimistic scenario pointing towards a possible close of $0.10 by the end of August.
In conclusion, the ZKWASM price is showing strong market activity, fueled by growing trading volumes, market cap growth, and technical strength. The community support and credibility-building efforts are also contributing to investor confidence in the token. With a positive price forecast supported by technical analysis, ZKWASM is definitely a cryptocurrency to watch in the coming days.