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MAR 27, 2024

(Alpha) Weekly Altcoin Review: ZKFair ($ZKF)

by Crypto Alpha

Crypto Alpha is dedicated to providing you with a weekly altcoin alpha, consistently delivering valuable insights and opportunities in the dynamic world of cryptocurrencies. Stay ahead of the curve with our expert analysis and recommendations, ensuring you have the knowledge and tools to make informed decisions in the ever-evolving crypto landscape.
Coin of the Day: ZKFAIR TOKEN
Potential ROI: 20X
Category: LAYER2 TECHNOLOGY
Coin Status: NEW
Exchanges Listed:  CEX (HTX, BYBIT, GATE, BITMART, LBANK)
Holding window: Long-term

ZKFAIR TOKEN

Debuted on December 20th, 2023, marking a significant milestone in the evolution of decentralized ecosystems, ZKFair represents a community-oriented Zero Knowlege (ZK) Layer 2 (L2) network designed to foster a scalable, secure, and inclusive environment for decentralized applications (dApps). Leveraging Ethereum's robust security infrastructure and employing zero-knowledge proofs, ZKFair ensures both the integrity and confidentiality of transactions. The platform adopts a fair distribution model, dispersing its native token $ZKF through community airdrops and incentivization mechanisms.
Powered by the Polygon Chain Development Kit (CDK), Celestia Data Availability (DA), and Lumoz, ZKFair introduces the innovative concept of Initial Governance Offering (IGO) for project launches. This empowers stakeholders with governance rights and encourages active participation in shaping the network's direction through feedback mechanisms.
With its seamless integration with the Ethereum Virtual Machine (EVM) and comprehensive support for smart contracts, ZKFair emerges as a leading mainnet ZK-L2 network.

THE UNIQUENESS OF ZKFAIR

In the current Ethereum landscape, ZK-Rollup technology is emerging as a critical solution to address scalability challenges and mitigate transaction costs. However, a prevalent issue among many ZK-Rollup projects is their lack of fairness. Despite not issuing tokens, these projects generate substantial profits from user transaction fees. Users frequently engage with these platforms, paying significant Gas fees for transactions without receiving proportional rewards or opportunities for community involvement in governance.
Moreover, centralized teams control these ZK-Rollup projects entirely, excluding the community from operational and governance processes and depriving regular users of their rightful benefits. Consequently, there is a pressing demand for a new breed of ZK-Rollup project—one driven entirely by the community, built on principles of fairness and transparency, and committed to delivering returns to users while facilitating decentralized governance. To get more information about this project, visit (https://coinmarketcap.com/currencies/zkfair/)

Discount in $ZKF?

Let us highlight key levels, where we can position ourselves for asymmetric opportunities.
ZKF DAILY
ZKF DAILY CHART
ZKF DAILY CHART
From a launching price of $0.000700, the price of the $ZKF token pumped up to an ATH (all-time high) of $0.084839 giving early bulls a quick X114 in ROI (return on investment) before pulling back to a current price of $0.006532. The price is currently in a box of consolidation, coiling for a massive breakout. With the DCA strategy, investors can position themselves early for asymmetric risk to reward opportunities that can send their investment to over X10 in ROI. We buy at the current market price (CMP), loading 50% of our intended investment and another 50% if the price distends to the launching price at $0.000700, while we anticipate that the bulls will do their thing.

TAKE PROFIT LEVELS.

This is a project with utility, although we can peel out some profit as the market presents us because this is a deflationary project that should be considered for long-term investment. We take partials at X3 from our initial entry which should take us to $0.019500, while we hold for a profit potential of X13 which sits at the ATH (all-time high) of $0.084839.

Final Thoughts

Remember to trade in your own best interest, only commit what you can afford to lose. May the market go with us!
We may make a review of this publication as the market evolves...
If you need a further breakdown, inquiry, or analysis on any particular coin, feel free to email us (cryptoalpharesources@gmail.com).
See you again soon. May the markets go with us!
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