Polyhedra Network (ZKJ) is a cryptocurrency that launched in 2024. It operates with a maximum supply of 1.00 billion tokens, of which approximately 292.86 million are currently in circulation. The project focuses on leveraging zero-knowledge proof technology to enhance scalability and security in blockchain networks.
ZKJ Key Market Data
As of the latest data, the live price of ZKJ is $0.1786. Over the past 24 hours, the token has experienced a price change of -$0.0157, representing a decrease of 8.09%. The 24-hour trading volume stands at $12.76 million, reflecting active market participation.
Current Market Status
ZKJ is traded on several leading cryptocurrency exchanges, providing ample liquidity and access for traders and investors. The token’s market capitalization is approximately $52.31 million, ranking it within the top 600 cryptocurrencies globally.
Market sentiment and technical indicators can help traders identify potential entry and exit points. It is advisable to use reliable charting tools and monitor order book depth for a clearer market picture.
Understanding ZKJ Tokenomics
Tokenomics plays a vital role in evaluating any cryptocurrency. ZKJ has a defined maximum supply, which introduces a scarcity element into its economic model. The circulating supply is updated regularly as new tokens are released into the market according to the project’s emission schedule.
Supply Metrics
- Maximum Supply: 1,000,000,000 ZKJ
- Circulating Supply: 292,860,000 ZKJ
- Market Capitalization: $52,310,000
These metrics are crucial for understanding the token’s valuation and potential inflationary or deflationary pressures.
Historical Price Performance
Analyzing historical price data helps investors understand a token’s market behavior and volatility.
All-Time High and Low
ZKJ reached its all-time high of $0.00 on January 1, 1970. This data point appears to be a placeholder, likely indicating that the token has not yet surpassed its initial price discovery phase or that the markets are still establishing a true all-time high.
Similarly, the all-time low is also recorded as $0.00, suggesting that historical price data is still being accumulated since its 2024 launch.
Recent Price Trends
Traders often look at short-term price movements to gauge market sentiment. The recent 8.09% decline highlights the volatile nature of the cryptocurrency market. Factors such as overall market trends, project developments, and broader economic conditions can significantly impact prices.
Is Polyhedra Network (ZKJ) a Good Investment?
Determining the investment potential of any cryptocurrency requires a multifaceted approach. ZKJ, with its focus on zero-knowledge technology, operates in a competitive and rapidly evolving sector of the blockchain industry.
Key Considerations for Investors
- Technology and Use Case: Evaluate the strength of the Polyhedra Network's technology, its real-world applications, and its competitive advantage.
- Market Position: While its market cap ranking is around #579, consider the growth potential of the layer-2 and zero-knowledge proof sectors.
- Team and Development Activity: Research the development team's expertise and the project's roadmap for future updates.
- Market Volatility: Cryptocurrencies are inherently volatile. Prices can fluctuate dramatically in short periods.
Investors should conduct thorough due diligence (DYOR) and never invest more than they are willing to lose. 👉 Explore real-time market analysis tools to aid your research.
How to Analyze ZKJ Price Trends
Successful trading and investing often rely on technical and fundamental analysis.
Technical Analysis (TA)
- Use chart patterns, indicators like moving averages, RSI, and MACD to identify trends and potential reversal points.
- Monitor trading volume to confirm the strength of a price movement.
Fundamental Analysis (FA)
- Assess the project’s milestones, partnership announcements, and adoption metrics.
- Stay informed about overall cryptocurrency market trends, as they often influence individual token prices.
Utilizing a combination of both methods can provide a more comprehensive view for making informed decisions.
Frequently Asked Questions
What is the total supply of ZKJ?
The total maximum supply of ZKJ is 1 billion tokens. The circulating supply is updated regularly as tokens are released according to the project's schedule.
Where can I buy Polyhedra Network (ZKJ) tokens?
ZKJ is available for trading on several major cryptocurrency exchanges. You can typically purchase it using stablecoins or other major cryptocurrencies like Bitcoin or Ethereum.
What is the market rank of ZKJ?
Polyhedra Network (ZKJ) is currently ranked approximately #579 by market capitalization on leading tracking websites.
What was the highest price ever for ZKJ?
The recorded all-time high price for ZKJ is $0.00. This indicates that the token is still in its early price discovery phase since its launch in 2024.
How is the market cap for ZKJ calculated?
The market capitalization is calculated by multiplying the current circulating supply of ZKJ tokens by the latest market price of a single token.
What does Polyhedra Network do?
Polyhedra Network is building a suite of Web3 infrastructure solutions leveraging advanced zero-knowledge proof technology. Its aim is to enable secure, trustless, and scalable interoperability between different blockchain networks.