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Hongji Feng
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Hongji Feng
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Altcoin sentiment showed partial signs of recovery today, even with a Crypto Greed and Fear Index of 20, while a few liquid names stand out against a quiet broader market.
ZKsync, Zcash and Astar are all trading higher, supported by distinct narratives that indicate how tokens can evolve beyond speculation. The moves come as the Altcoin Seasonal Index remains subdued near 25, indicating a selective market still shaped by Bitcoin dominance.
This round of activity shows how tokens with evolving use cases can still attract strong participation even in low liquidity conditions. Traders are increasingly differentiating between assets with economic design updates and those that have to adapt, a trend that could shape the next phase of the market.
Crypton Fear and Greed Index (Source: CoinMarketCap)
ZKsync Rewrites its economic model
The token of ZKsync increased about 45% in the last 24 hours at $0.0745, driven by a detailed proposal that would move it from a pure governance token to one with direct economic utility.
The plan introduces mechanisms for on-chain interoperability fees and off-chain business licenses, winning network activity to accumulate value through ZK purchases, staking rewards, and controlled supply reduction.
This proposal marks a key transition for the ZKsync ecosystem, which has spent the past year maturing its Elastic Network architecture and preparing for institutional-grade deployments through its Prividium framework.
The concept connects the future adoption of the network from financial institutions to the token-level economy, offering a sustainable loop where usage supports the development of the system.
Market data indicates that the announcement brought a sharp increase in business volume and social engagement. Community responses show optimism about the shift from participation-only governance toward a model that rewards use.
This fundamental change could be seen as a practical example of how decentralized networks can integrate real-world demand into symbolic value without moving away from open-source principles.
“Through governance, it can now become the heartbeat of an incorruptible economy,” the announcement says. “Together, we have the opportunity to define what a truly self-sustaining, community-owned financial network looks like.”
Zcash extends the privacy trading momentum
Zcash (ZEC) is currently trading near $461up 13% on the previous day, extending previous gains. The move fits into a broader pattern where privacy-related tokens have attracted capital amid renewed debates over data access and financial transparency.
Recent trade shows balanced two-way flow with steady depth, suggesting continued interest rather than short-term positioning.
Privacy assets tend to outperform in periods when regulatory discussions dominate crypto policy coverage, positioning Zcash as a hedge against tighter compliance frameworks.
Aster benefits from CZ’s investment
Aster (ASTER) is trading near $1.02up about 11% in the 24 hours, with the price moving away from the levels held earlier in the week and pushing into a short-term range that traders continue to test during European and American hours.
On November 2, the co-founder of Binance, Changpeng “CZ” Zhao, announced that he bought some ASTER with his money, hyping up the community and triggering speculations on the potential of ASTER.
For now, ASTER works mainly in this tape as a liquid altcoin with enough history and exchange coverage to attract tactical flows when traders look beyond the largest pairs, while its latest move serves more as an example of how mid-cap names can capture offers once the attention turns away from strictly large-cap leaders than a case of a single encounter led by a leader.
Market Reading: Selectivity defines the current cycle
U Altcoin season index close to 25 indicates limited breadth despite isolated strength in single tokens. Most of the sector remains secondary to Bitcoin, but selective demonstrations like ZKsync show how structural change can also shake up and stimulate localized activity.
In the current conditions, traders tend to reward tokens that evolve in design or show institutional alignment rather than those that rely only on momentum. The rise of ZKsync aligns with this change – its tokenomic update introduces an observable framework where fees and business activity link to the ecosystem economy.
Projects that explore the expansion of governance or real economic loops can see more attention once their plans are formalized. The market is filled with fear and remains cautious, but value-backed updates like the ZKsync proposal continue to shape how the next altcoin cycle could unfold.
