ZKP has recently performed impressively. In the past hour, the open interest of ZKP on a leading exchange surged by 35.7%, corresponding to a price increase of 16.7%. Specifically, the current open interest has reached 6.1 million USD, and the ratio of open interest to market capitalization is as high as 16.7%—this ratio reflects the market's interest in this asset.
What's more noteworthy is its 24-hour performance: the price increased by 44.6%, which can be described as a strong surge. As of the statistics, the total market capitalization of ZKP is approximately $33 million.
The synchronized growth of open interest and price usually indicates that bulls are continuously adding to their positions. However, it's important to note that a high open interest ratio also suggests concentrated risks in a volatile market. What are everyone's thoughts on the follow-up of this market trend?
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ZKP has recently performed impressively. In the past hour, the open interest of ZKP on a leading exchange surged by 35.7%, corresponding to a price increase of 16.7%. Specifically, the current open interest has reached 6.1 million USD, and the ratio of open interest to market capitalization is as high as 16.7%—this ratio reflects the market's interest in this asset.
What's more noteworthy is its 24-hour performance: the price increased by 44.6%, which can be described as a strong surge. As of the statistics, the total market capitalization of ZKP is approximately $33 million.
The synchronized growth of open interest and price usually indicates that bulls are continuously adding to their positions. However, it's important to note that a high open interest ratio also suggests concentrated risks in a volatile market. What are everyone's thoughts on the follow-up of this market trend?