ZKC (Boundless) has pumped 8.21% in the last 24 hours.

Gate News Bot news, September 24, according to CoinMarketCap data, as of the time of writing, ZKC (Boundless) is currently priced at $0.72, with a rise of 8.21% in the last 24 hours, reaching a high of $0.93 and a low of $0.62. The trading volume in the past 24 hours has reached $225 million. The current market capitalization is approximately $144 million, an increase of $10.9 million compared to yesterday.

Important news about ZKC recently:

1️⃣ Mainnet staking feature launched, attractive annualized yield Boundless (ZKC) officially launched its mainnet staking feature on September 17, providing ZKC holders with a new income channel. Users can earn a 25% epoch issuance share by staking ZKC, with rewards distributed approximately every 48 hours. Currently, the staking is in an early stage, with fewer participants, resulting in a current annual percentage rate (APR) of up to 110%, making it highly attractive to investors.

2️⃣ Staking mechanism may reduce ZKC circulation The launch of mainnet staking may lead more investors to choose to hold and stake ZKC for the long term, thereby reducing the market circulation. This supply contraction effect may be one of the important factors for the recent rise in ZKC prices.

3️⃣ Project Development Milestones, Enhancing Market Confidence The successful launch of the mainnet staking feature marks an important technical milestone for the Boundless project. This progress may enhance investors' confidence in the project's long-term development, thereby driving the rise of the ZKC price.

From a technical perspective, the ZKC price has broken through previous resistance levels, with a rise of over 8% within 24 hours, demonstrating strong upward momentum. However, investors still need to closely monitor changes in staking participation and its ongoing impact on the ZKC price.

This message is not an investment advice; investors should be aware of market volatility risks.