Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

ZKsync Phases Out Ignite Rewards Program Due To Bear Market

No new incentives are scheduled to be distributed after that time. All contracts with service providers will be settled by March 30. Under Ignite, it was planned to distribute 300M ZK to stimulate liquidity. Of the nine months of the program, which started in January, two have passed. The steering committee of the DeFi project cited three reasons for the initiative`s premature end: Focus on Elastic Chain. The team intends to focus resources on implementing the protocol. Ignite has provided Era with the liquidity to operate as its hub for DeFi following the launch of the interoperability mechanism. Contributing additional funds to a program with a focus on a single network ”is no longer consistent with this broad objective.” Own interoperability time. Seamless internal interoperability in Elastic Chain - is a priority, but the technology required to implement it is taking longer than expected. Adding more TVL now will result in a lower return on cost. Market Realities. The team has recognized the onset of a bear market. The developers decided to take a more conservative approach to costs in the short and medium term. In 2021 and 2022, ZKsync raised $450 million in investment . In September 2024, the CEO of the company behind the protocol, Matter Labs, Alex Gluchowski announced a 16% staff reduction. In June, the project conducted airdrop of 3.6 million ZK tokens. After the large-scale distribution, the key indicators significantly decreased. Bitcoin.com

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Could NEAR Protocol (NEAR) and RENDER Achieve New ATHs in 2025? Long-Term Price Prediction

With eyes set on the future, the potential for NEAR Protocol and RENDER to reach new highs by 2025 sparks curiosity. A deep dive into their long-term projections uncovers which digital coins might be positioned for significant growth. Are these cryptocurrencies on the brink of impressive gains, or will they stall? Keep reading for insights. Declining RENDER Price with $1.61 Support and $7.13 Resistance RENDER lost over 32% in the past month and around 42% in six months. Price ranged from $2.72 to $5.48, showing persistent weakness amid selling pressure. A clear downward path is evident, with consistent value contraction. The overall trend remains bearish, and recovery signs have been limited during this period. Price currently hovers between $2.72 and $5.48. The nearest support stands at $1.61, providing a potential cushion for buyers if a reversal occurs, while bulls face resistance at $7.13 and further at $9.88. Indicators like negative momentum and an RSI at 36.57 reinforce the prevailing bearish setup. Traders might consider short-term plays within these levels, watching closely for any sudden shifts. NEAR Protocol Review: Past Trends and Key Price Levels Past month activity showed a 17.37% drop while the six-month decline reached nearly 36.98%. Weekly losses of about 13.49% added to the downtrend, with trading prices spanning from $2.31 to $4.25. These figures indicate ongoing pressure and bearish sentiment over recent periods, reflecting a market struggling to find strong recovery signals. Current trading levels place bulls on the backfoot as the price hovers within its range. The nearest resistance sits at $5.44 with a second barrier at $7.38, while support is found around $1.55. Indicators like an RSI of 40.82 and negative momentum suggest a market lacking a clear trend, advising caution and targeting trades centered near these key levels. Conclusion Both NEAR and RENDER show significant potential for growth by 2025. Their technology advancements and community support suggest strong upward trends. With ongoing development and positive market conditions, reaching new all-time highs seems plausible for both coins. Continuing to monitor their progress will be key. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Bitcoin.com