Top ZK Altcoins to Bet This Alt-Season
- Zero-Knowledge, or ZK, coins are gaining more and more attention in the crypto world.
- Ben Armstrong recently shared his top picks for ZK coins by market cap.
- Crypto users are bridging millions to ZK-based blockchain networks in the hope of receiving free tokens in an airdrop.
Altcoin Picks by Market Cap
Ben Armstrong recently shared his top picks for ZK coins by market cap. The first coin on the list is Polygon (MATIC) which has seen a significant increase in price recently. Immutable X (IMX) is another coin that had an impressive week, with a 33% increase. Mina, which has been favored by big money according to a Bitcoin whale, is also on the list. Optimism is another ZK rollup project that Armstrong rates highly. However, he notes that explaining the concept of ZK Rollups can be complicated and less visually appealing than other projects. Despite this, he believes that the potential benefits of ZK rollups will attract crypto users in the long run.
Bridging Millions to Receive Tokens
Crypto users are bridging millions to ZK-based blockchain networks in the hope of receiving free tokens in an airdrop. Over $8 million has been bridged to the network in the past week alone. DeFi users have been trying different strategies to claim the tokens if and when they are issued, such as bridging two ZK networks and providing liquidity on decentralized exchanges. Data from DeFi Llama shows that the total value locked in the ZK-based decentralized exchange, Zigzag, has increased to $13 million from $1.5 million in just one week.