ZKsync Creator Proposes Overhaul of Governance Token to Enhance 'Economic Utility'
Governance Token Overhaul Proposal: Alex Gluchowski, co-creator of ZKsync, has proposed a significant redesign of its governance token to enhance economic utility and ensure the network captures value as it evolves into a complex ecosystem of zero-knowledge chains.
New Tokenomics Structure: The revamped tokenomics would generate value through on-chain protocol fees and off-chain enterprise licensing agreements, with the extracted value directed towards governance-controlled initiatives like market buybacks, staking rewards, and ecosystem funding to promote decentralization and sustainability.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000484 | 0.00000785 | 0.0000104 | 0.0000134 | 0.000016 | 0.000019 | 0.0000216 |
| Fibonacci | 0.00000785 | 0.00000998 | 0.0000113 | 0.0000134 | 0.0000155 | 0.0000169 | 0.000019 |
About X
About the author
