Polyhedra Network is a next-generation protocol designed to offer crypto users an easy and secure mechanism for transferring their assets between chains. To achieve this the platform uses a technology known as zero-knowledge proofs (ZKP).
It is designed to overcome the critical challenges of interoperability, facilitating trustless, efficient, and secure transactions across networks. The platform is powered by the ZK token.
This article will take a deep dive into the Polyhedra Network and its native utility token. I will discuss the key features of the platform, the economics of the token, its past performance, and future price forecasts. In the end, I will also add information about where and how you can buy this token.
Let’s get started without any further ado.
Polyhedra Network (ZK) Key Features
| Cross-Chain Integration | Polyhedra Network offers seamless asset transfers across different platforms and ecosystems by using interoperability protocols. |
| Scalability | The platform uses layer-2 solutions, sidechains, and off-chain scaling techniques to process a high volume of transactions quickly and cost-effectively. |
| Community | Polyhedra Network is community-governed and the token holders can participate in decisions regarding protocol upgrades, funding allocations, and strategic initiatives. |
| zkBridge Protocol | zkBridge Protocol is the flagship technology of Polyhedra, which uses zkSNARKs to improve transaction efficiency. |
| Research and Development | The platform is actively working on new proof systems such as Virgo, Virgo++, Orion, Libra, and Gemini to accelerate the performance of the network. |
Polyhedra Network (ZK) Tokenomics
The total supply of ZK is 1 billion which is also the maximum supply. Of these only 93 million ZK is in existing circulation.
Polyhedra Network (ZK) Past Performance
At the time of writing, ZK is trading for $2.94, which is 15.20% up from yesterday.
The market capitalization is at $268 million. The 24-hour trading volume is at $193.3 million, nearly 200% more than yesterday.
Polyhedra Network (ZK) Price Prediction
Technical indicators suggest that the current sentiment is Neutral although the Fear & Greed Index shows 74, signaling greed. ZK recorded 17 (74%) green days in the last 30 days with little price volatility. Based on our Polyhedra Network forecast, it’s now a good time to buy Polyhedra Network.
2024: Based on technical analysis of the past data, the price of ZK is predicted to go up by 29.65% and hit $2. 55 by the end of the month.
2025: Moving ahead to 2025, ZK price is expected to fall between $1.97 on the lower end and $9.19 on the high end. If we compare this to today’s price, ZK tokens could gain 345.35% if they reach the upper price target.
2030: Fast forward to 2030, though we are in the speculative territory now, ZK is expected to be priced between $4.83 and $7.83. Compared to today’s price, the latter will translate into a neat 280.60% return on investment.
Where to Buy Polyhedra Network (ZK)?
You can buy ZK from the following exchanges.
How to Buy Polyhedra Network (ZK)?
This is how you can buy ZK from OKX.
- Go to the OKX website and create a new account by entering your basic details and completing the KYC.
- Top up the OKX wallet with US dollars, BTC, ETH, or USDT.
- Go to the trading section and search for your preferred trading pair, ZK/USDT, for instance.
- Pick ‘limit order’ and enter the number of ZK tokens you want to buy.
- Click ‘buy’ followed by ‘confirm’.
- Your ZK tokens will now be reflected in your OKX wallet.
- For additional security, you can move them to a personal wallet.
Conclusion
Polyhedra Network is a layer-2 protocol designed to bridge multiple blockchains. The platform uses the native zk technology and its utility token also goes by the same name.
Like many other crypto tokens, ZK is also experiencing some recent new-found interest in the crypto market. According to our experts, the token still has more value left to be unlocked.
However, it is crucial to note that investing in cryptocurrencies, including ZK tokens, may not be suitable for everyone. It’s important to conduct thorough research independently before considering this or any investment.
Furthermore, cryptocurrencies are known for their high volatility and are exposed to market risks. We strongly advise you to exercise caution and avoid speculative assets, whether they are cryptocurrencies or any other kind.
