Kategorie: Altcoin News

• ZKsync price gained by 11% and hit a high of $0.068.
• Gains came as bulls hold steady and weekly uptick climbs to 87% amid Atlas upgrade.
• ZKsync has also received endorsement from Ethereum co-founder Vitalik Buterin.

ZKsync surged by more than 11% in intraday gains on November 5, 2025 to hit highs above $0.068 as upbeat sentiment held.

With key announcements regarding major enhancements to ZK token utility, the altcoin’s price has extended gains to over 87% in the past week.

Renewed interest in the token has also come amid a key boost by Ethereum co-founder Vitalik Buterin.

ZKsync price extends weekly gains to 87%

Despite a widespread downturn in the cryptocurrency market, ZKsync’s ZK token has demonstrated impressive strength.

Bulls defied the crash to reach new highs of $0.068, with an 11% price increase that also boasted a 21% spike in daily trading volume for ZK.

Per CoinMarketCap, ZKsync’s daily volume hit an impressive $499 million over the past 24 hours.

Like Aster, Bitget Token and Hyperliquid, ZK Bulls are showing resilience. It trades near $0.061, off intraday highs but still above session lows of $0.049.

Analysts suggest that ZK’s ability to hold steady as trading volumes remain elevated may allow bulls to target $0.10, a level last seen in March.

Notably, ZK has traded in a downtrend since rejecting highs of $0.26 in early December, 24..

ZKsync token to get major utility overhaul

The catalyst behind ZK’s recent rally looks to be the community’s reaction to a proposed upgrade that seeks a comprehensive overhaul of ZK token utility.

Atlas upgrade brings this possibility, a major enhancement set to amplify the ZK token’s functionality.

The next phase for $ZK token is real economic utility.

As interop and Prividiums enter production, the network for incorruptible finance should capture the value it creates, channeling it towards ecosystem growth. https://t.co/cIGww7tL8D

— ZKsync (@zksync) November 4, 2025

By expanding the token’s use cases, the upgrade aims to create a more robust economic model, where ZK serves not only as a governance tool but also as a conduit for value accrual from off-chain activities.

“This proposal presents a high-level direction for $ZK token utility,” said Alex Gluchowski, founder of ZKsync and CEO of Matter Labs.

He elaborated on the strategic intent, noting that the changes are designed to unify on-chain and off-chain value flows.

“Under this proposal, value generated from such enterprise components would flow into the same governance-controlled mechanism as on-chain value. In practice, this means establishing structures through which licensing-based revenue can return to the network and enter the same ZK buyback and allocation pathways, preserving a single unified economic loop,” the ZKsync co-founder noted.

Also buoying ZKsync price this past week has been a recent endorsement from Ethereum co-founder Vitalik Buterin.

Buterin’s public support has added significant credibility, emphasizing the protocol’s alignment with Ethereum’s scaling vision and its potential to drive mass adoption.

The Ethereum co-founder has long advocated for zero-knowledge technology, which is ZKsync’s focus.

As the ecosystem matures, stakeholders anticipate increased DeFi activity.

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• Bittensor’s token plunged 16% in 24 hours to hit lows of $389.
• Losses for the top artificial intelligence coin came amid profit-taking following a recent spike.
• Fed’s hawkish stance, the Balancer exploit, and AI-capital rotation has fueled risk-off sentiment.

Bittensor’s native token, TAO, has tumbled 16% over the past 24 hours, dipping to lows of $389 as it outpaced the artificial intelligence sector’s overall decline of 9%.

Losses for Bittensor came as Bitcoin slipped to near $100,000, and the total market capitalization dropped to under $3.4 trillion.

While analysts remain bullish for BTC and the broader market, investors are grappling with a confluence of macroeconomic pressures.

Sector-specific headwinds are also in play and could add to declines driven by panic selling.

Bittensor’s TAO plunges amid profit-taking

Bittensor is a decentralized machine learning protocol that incentivizes collaborative AI model training through its blockchain.

The native token TAO’s price has outperformed recently, tapping into gains for AI-related stocks like Nvidia.

However, the token’s value cratered to $3.89, marking a 16% intraday loss.

Bulls have attempted a recovery, but the price hovers at $400, down from highs of $488.

Meanwhile, trading volume surged 17% to $712 million, a scenario that reflects the heightened panic selling.

Like across the broader market, this comes as retail and institutional holders liquidate positions on jitters around the waning AI-driven rally.

The plunge appears exacerbated by profit-taking following the launch of Europe’s first staked TAO exchange-traded product (ETP) by Safello.

It initially sparked a major rally, but bulls have since failed to sustain momentum.

Broader crypto market sell-off

The cryptocurrency ecosystem has suffered a substantial loss, with over $250 billion evaporating in market value within 24 hours, culminating in a 5.8% contraction in overall market capitalisation to $3.4 trillion.

Bittensor’s underperformance against Bitcoin, down 6% to near $100,000, and top altcoins, in relative terms, highlights TAO’s vulnerability in a risk-off environment.

#BTC is at a critical level.

Multiple closes below the 50W would confirm the top being in as it always has each cycle.

Regardless of whether the top is in, or if we go slightly higher, I still think 2026 will be a bear market, just like all prior midterm years. pic.twitter.com/4T9fAsQchs

— Benjamin Cowen (@intocryptoverse) November 4, 2025

Sentiment is in the fear zone.

This outlook sees Ethereum down 8% to $3,340, breaching key support at $3,550 and erasing 18% over the week.

Solana and XRP have also posted key losses, and liquidations across derivatives markets exceeded $1.13 billion.

A lot of the downbeat sentiment is the reaction to Federal Reserve officials’ remarks that have cut bets for a December rate cut.

Meanwhile, Wall Street jitters have seen US spot Bitcoin and Ethereum ETFs log four consecutive days of outflows.

The Balancer crypto hack incident also dented sentiment.

“The latest $128M Balancer exploit is a reminder of something fundamental: most smart contracts today rely on audit-based hope. Developers write complex code, auditors review it, and everyone hopes there are no hidden logic flaws. But hope isn’t assurance,”Bitcoin finance platform Blockstream noted on X.

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• Decred price jumped to highs of $65 before paring gains to a key support level.
• Gains came as privacy coins Zcash and Dash also spiked to the defy broader market dump.
• DCR could target $100 next after hitting the four-year highs.

As top coins slip to or below key levels, Decred (DCR) and a few others have bucked the trend with notable spikes.

The widespread cryptocurrency market slump has seen Bitcoin, Ethereum, and XRP fall sharply, yet Decred is soaring to heights not witnessed since 2021. All this comes as Zcash and Dash stand out amid the ongoing resurgence of privacy-focused assets.

Decred jumps to 4-year high of $65

Decred’s price exploded more than 150% in 24 hours to touch a four-year peak above $65, with this coming amid a broader crypto downturn.

The breakout follows bulls decisively breaching the resistance of a long-term falling wedge, with $40 a key level that allowed DCR to hit highs of $65.78. While the pattern remains in place on the longer term time frame, a little paring of gains has Decred price near $40 and risking profit taking flip.

What fueled the early Tuesday surge was a staggering increase in trading volume, which skyrocketed over 1,100% to over $172 million. It offered a glimpse of the sharp buyer interest in the coin as privacy coins see traction.

Zcash, Dash also surge

Decred’s gains mirrored a broader revival in the privacy coin sector, where Zcash (ZEC) and Dash (DASH) have recently defied bears. In October, Zcash and Dash both rose to key levels, the ZEC spike seeing the altcoin hit 7-year highs.

While Zcash has been the frontrunner in this pack, privacy coins such as DASH, Railgun, Horizon, Tornado Cash, and Verge have notched gains.

Can Decred price go to $100 next?

What privacy coins’ collective rally speaks to is a market rotation, with assets offering financial anonymity and robust fundamentals attractive.

In this case, Decred stands out for its hybrid proof-of-work and proof-of-stake model, which emphasizes decentralized governance and enhanced security.

The project recently highlighted its privacy credentials, noting non-custodial peer-to-peer mixing with post-quantum encryption. Users can mix coins while staking for untraceable histories and anonymous governance.

Also key is DCR’s finite 21 million coin cap, pointing to a potential supply shock as holdings on exchanges like Binance continue to decline.

Analyst Captain Faibik pointed to a potential spike in DCR price.

Don’t forget about $DCR 👀

It’s quietly setting up for a Strong move so keep it on your radar! 🚀#Crypto #DCR #DCRUSDT pic.twitter.com/cd5gdWdm2L

— Captain Faibik 🐺 (@CryptoFaibik) November 3, 2025

While currently trading at $40.24, Decred still has potential for strong upward momentum.

However, bulls have to show they are firmly in control by maintaining support above the $40 level. This could pave the way for further gains, potentially targeting $70 or beyond. Bulls hitting $65 means a fresh rally could bring $100 into play.

On the flipside, $32 and $25 could be key demand reload zones.

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• ZIGChain price was up nearly 3% as bulls targeted $0.1.
• Gains came as SEGG Media announced plans to buy ZIG as part of a $300 million treasury strategy.
• Institutional investors could enhance ZIG’s credibility.

ZIGChain price hovers near $0.08, but could target key levels as a significant development emerges from the intersection of traditional finance and web3 innovation.

Nasdaq-listed SEGG Media Corporation announced a bold $300 million strategic initiative to integrate blockchain technology into its sports and entertainment operations.

SEGG plans a notable focus on accumulating ZIG, the native token of ZIGChain.

SEGG Media to buy ZIG from $300 million treasury strategy

SEGG Media (formerly Lottery.com Inc.) has disclosed an ambitious plan to allocate a portion of its newly established $300 million Digital Asset Treasury toward acquiring ZIG.

The strategy dedicates 80% of the treasury to a multi-asset crypto portfolio.

It includes Bitcoin, with validator-based income generation on networks like Ethereum, Solana, and ZIGChain.

The remaining 20% will be used for acquisitions.

SEGG also targets pilot programs for tokenizing assets such as athlete intellectual property and fan stakes.

More in store for the benefit of ZIGChain

A memorandum of understanding with ZIGChain outlines a collaborative effort to tokenize SEGG Media’s sports and entertainment businesses.

The firm plans to leverage ZIGChain’s infrastructure for real-world asset tokenization.

The partnership also aims to launch a trading platform on Sports.com and Concerts.com, enabling tokenized teams, bands, and events.

SEGG Media’s CEO, Matthew McGahan, has emphasized the company’s mission to bridge traditional markets with blockchain innovation.

ZIGChain’s founder, Abdul Rafay Gadit, also highlighted the milestone this represents for institutional blockchain adoption.

ZIGChain price: How high can ZIG go?

The strategic accumulation of ZIG by a Nasdaq-listed entity like SEGG Media has sparked speculation about the token’s price trajectory.

ZIG is currently trading at $0.086, according to CoinMarketCap data, with a 24-hour trading volume of $2.48 million.

While the price has tanked towards new year-to-date lows since flipping from highs of $0.12 in April, ZIG remains well above the all-time lows of January 2023.

Mainnet launch, which occurred recently, has the network eyeing growth.

Just a month into the mainnet launch, ZIGChain has recorded over 1 million transactions.

More significantly, the involvement of a $300 million treasury could inject significant liquidity into the ZIGChain ecosystem, potentially driving demand and price appreciation.

If SEGG Media’s allocation mirrors the enthusiasm seen in related trends, ZIG could see a short-term surge to mirror current outperformers.

A retest of $0.10 could allow bulls to aim for $0.12 and potentially $0.15.

Buyers reached these highs in December 2024.

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