After ZKC was launched, it initially surged but quickly fell back down, and now it is hovering around 0.8. Many people panic when they see a drop of over twenty points in a single day, but to me, it looks more like a chip turnover.
First, let's talk about circulation. The total project volume is 1 billion, with an initial circulation of about 20%, leaving 80% locked up. The circulating market cap is actually not that large. The selling pressure during the launch mostly came from early chip realization combined with short-term capital arbitrage. Once these sell orders are digested, the resistance to push it back up later will be much smaller.
Next, looking at the capital situation, there is 52 million USD in financing behind it, and the space for VC selling pressure is actually limited. Moreover, from the trading volume on the market, the turnover during the day is quite fast, and there will be violent fluctuations in the short term. This kind of trend is suitable for light positions to trade back and forth, but not for heavy positions to hold firm.
On the technical side, the range of 0.75 to 0.8 is a key support level. If it can hold this level, once capital flows back, the probability of pulling it back above 1 USD is quite high. If it really falls below 0.75, then we should look further down, around 0.68.
Finally, regarding the narrative, ZK is still a major theme, and ZKC is a "general-purpose ZK protocol," with significant ecological landing potential. As long as market sentiment is not dead, projects like this can easily ignite with news at any time.
My conclusion is simple: in the short term, it's about rolling back and forth within a range, don't go all in; in the medium term, wait for the chip turnover to end and look for low points to ambush; in the long term, it depends on the narrative and the unlocking rhythm; those who can hold on may catch a big market movement.
On September 20, Faraday Future (FFAI) suddenly dropped a bombshell — directly investing 41 million dollars in PIPE for QLGN. Even more exciting, this company is about to change its name to CXC10, completely shifting its business towards Crypto & Web3.
The key point is: Behind this, not only are there Jia Yueting and FFAI, but also SIGN Foundation @sign @ethsign, along with YZI Labs, Sequoia, IDG, Circle... This lineup is heavily laden with capital implications.
The logic that the market is imagining is already very clear: FFAI's public company identity provides backing, SIGN offers on-chain genes, Is the future going to follow the DAT treasury logic? Or even directly issue a coin together?
In other words, this is not just a random investment, but an attempt to replicate the "dream of building cars" on-chain, trying to create a positive feedback loop of stock price + coin price.
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Looking at the $SIGN market
This wave just happened to step into the 1H demand zone, and with the news pushing, the trend feels like "pullback accumulation → surge". • First target: 0.088 BSL • Next up: 0.095 resistance level
If the logic of stock-coin linkage really works, this is the best starting point.
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In the game of capital, it's not about the car or the chain, but about who can tell a story that can elevate imagination. Now, FFAI and SIGN are trying to continue telling this story.
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