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Why ZKF dropped so much
Twiceplayr01-20 03:20Powered by ChatGPT
1. lots of new projects at the time and people needed to take some profit
2. the market didn’t want to use a coin created by kucoin as they wanted to make their own l2 tokens instead after merge runs out
3. trading on ascendex is laggy
4. people don’t understand deflationary mechanisms well enough yet
5 newer investors are worried about cg listings, coingecko doesn’t have any volume numbers for zfair network making it mostly invisible\ i.e most people don’t know when bitcoin moves or solana bounces it affects zk initiatives including block fees today its mostly reliant on users from other networks being incentivized enough selling bieng an issue etc.
2. the market didn’t want to use a coin created by kucoin as they wanted to make their own l2 tokens instead after merge runs out
3. trading on ascendex is laggy
4. people don’t understand deflationary mechanisms well enough yet
5 newer investors are worried about cg listings, coingecko doesn’t have any volume numbers for zfair network making it mostly invisible\ i.e most people don’t know when bitcoin moves or solana bounces it affects zk initiatives including block fees today its mostly reliant on users from other networks being incentivized enough selling bieng an issue etc.
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Why ZKF dropped so much
Twiceplayr01-20 03:20Translate
Powered by ChatGPT
1. lots of new projects at the time and people needed to take some profit
2. the market didn’t want to use a coin created by kucoin as they wanted to make their own l2 tokens instead after merge runs out
3. trading on ascendex is laggy
4. people don’t understand deflationary mechanisms well enough yet
5 newer investors are worried about cg listings, coingecko doesn’t have any volume numbers for zfair network making it mostly invisible\ i.e most people don’t know when bitcoin moves or solana bounces it affects zk initiatives including block fees today its mostly reliant on users from other networks being incentivized enough selling bieng an issue etc.
2. the market didn’t want to use a coin created by kucoin as they wanted to make their own l2 tokens instead after merge runs out
3. trading on ascendex is laggy
4. people don’t understand deflationary mechanisms well enough yet
5 newer investors are worried about cg listings, coingecko doesn’t have any volume numbers for zfair network making it mostly invisible\ i.e most people don’t know when bitcoin moves or solana bounces it affects zk initiatives including block fees today its mostly reliant on users from other networks being incentivized enough selling bieng an issue etc.
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