ZKJ (Polyhedra Network) fell 7.21% in the last 24 hours.

Gate News Bot news, on August 12, according to CoinMarketCap, as of the time of writing, ZKJ (Polyhedra Network) is currently priced at $0.27, with a 7.21% fall in the last 24 hours, reaching a high of $0.36 and a low of $0.14. The current market capitalization is approximately $91 million, a decrease of about $7.07 million compared to yesterday.

Polyhedra Network is a blockchain project focused on the field of artificial intelligence. Its core product, EXPchain, aims to provide verifiability, data security, and high-performance infrastructure for AI applications. ZKJ is the native token of Polyhedra Network, used for paying gas fees, providing liquidity, community governance, and other functions. The project is committed to building a reliable, secure, and efficient blockchain ecosystem suitable for the AI era through advanced technologies such as zero-knowledge proofs.

Important news about ZKJ recently:

1️⃣ The significant price fluctuations have attracted market attention.

ZKJ has experienced significant price fluctuations in the past 24 hours. It peaked at $0.36, then fell to a low of $0.14, ultimately closing at $0.27, showing a large range of volatility. This dramatic price movement may be related to rapid changes in market sentiment and reflects uncertainty about the project's short-term development prospects.

2️⃣ Launching zkGPT system in collaboration with Google Cloud

Polyhedra Network has established a partnership with Google Cloud to jointly launch the zkGPT system. This system utilizes zero-knowledge proof technology to verify AI inference results without exposing model information. This innovation is expected to enhance the interoperability and privacy protection capabilities of the Web3 ecosystem, bringing new development opportunities for the ZKJ project.

3️⃣ market capitalization has shrunk but remains at the billion level

Despite a 7.21% fall in ZKJ price within 24 hours, resulting in a reduction of approximately 7.07 million dollars in market capitalization, its total market capitalization remains around 9.1 million dollars. This indicates that despite facing short-term adjustments, ZKJ still maintains a high market valuation, reflecting that investor confidence in the long-term development of the project has not been completely shaken.

From a technical perspective, the price of ZKJ is currently in a short-term adjustment phase. Given the recent significant rise followed by a pullback, investors need to closely monitor the support level around $0.27. If it stabilizes at this level, it may indicate that the adjustment is nearing its end; if it falls below this support, it may face further downward pressure.

This message is not an investment recommendation. Investors should be aware of market volatility risks.