The crypto market is at a crossroads, with traders watching whether Ethereum can break out of a tight range and whether Shiba Inu can hold key support after weeks of weakness.
Alongside these developments, Zero Knowledge Proof (ZKP) has drawn attention after announcing the launch of a token-sale auction, hardware availability, and what it describes as an operational network.
According to the project’s materials, the auction is intended to provide access to its network and related hardware. Any token distributions or network participation described by the project should not be treated as guaranteed outcomes.
Big Money Moving In, But Ethereum Charts Tell a Different Story
Market participants continue to follow Ethereum amid signs of increased corporate involvement. For example, BitMine Immersion has reported activity tied to ETH, and other companies have discussed holding Ethereum and deploying it in on-chain strategies.
However, price action has remained range-bound. Some analysts have pointed to ETH trading between roughly $2,900 and $3,010, with indicators suggesting sellers are still active and upside momentum has been limited.
From a technical perspective, some traders are watching whether ETH can reclaim higher levels around $3,300, while a move below $2,900 could increase downside risk toward the $2,800 area. These scenarios are uncertain and depend on broader market conditions.
Shiba Inu Price Dip: Is This the Bottom or Just Another Drop?
Shiba Inu has been trading around $0.000008 after a prolonged decline. The token is near a zone that has previously seen rebounds, which has put additional focus on whether support can hold.
In recent news, Coinbase said it plans to add SHIB perpetual futures in December. Separately, Japan has reportedly classified Shiba Inu in the same tax category as Bitcoin and Ethereum. How these developments affect price remains uncertain.
Technically, some traders are watching whether SHIB can stay above the $0.0000085 area. A break below that level could signal continued weakness, while holding it could support a short-term rebound attempt.
Zero Knowledge Proof: The $100M Project With Real Hardware Behind It
Zero Knowledge Proof (ZKP) is positioning itself as a privacy-focused project that aims to support AI-related computing without exposing underlying data. The project describes itself as a $100M self-funded effort and says it is running a live network; these claims have not been independently verified in this article. It also says a token-sale auction has launched with daily distributions.
The project says it uses zero-knowledge proofs to verify data and computations without revealing the underlying information, a technique widely used in cryptography for privacy and integrity checks.
The team also promotes “Proof Pods,” physical devices it says contribute computing resources to the network. Project materials state the devices are priced at $249 and that $17M worth have been manufactured, with worldwide shipping underway.
According to the project, Pods are intended to perform AI-related computing tasks and may receive ZKP token distributions tied to activity on the network. The project also describes multiple device tiers; any figures or projections about distributions are project-reported and should not be interpreted as promised returns.
More broadly, the project’s thesis centers on privacy in AI and the use of dedicated hardware as part of its network design. As with any early-stage crypto project, the technical approach, adoption, and token economics may change over time.
Final Thoughts
Ethereum and Shiba Inu remain driven largely by market structure and technical levels, while newer projects like Zero Knowledge Proof are attempting to differentiate through product and infrastructure claims.
For Ethereum, market attention remains on whether price can break out above nearby resistance levels, or whether downside pressure returns. For Shiba Inu, traders continue to watch whether the token can defend support after a multi-week decline.
Zero Knowledge Proof’s narrative differs in that it emphasizes privacy tooling and hardware participation, alongside a token-sale auction that the project says is currently running.
Project website (for reference):
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers should do their own research and carefully consider the risks before taking any action.
