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The Polyhedra Network price pumped 29% in the past 24 hours to trade at $0.4223 as of 12:12 a.m. EST, with trading volume increasing 27% to $354 million.
This rise in the ZKJ price comes after Polyhedra Network co-founder Tianchen Xie said that the company would continue to buy back tokens, following an allegedly targeted attack that wiped away their value.
We will buyback more. Now we need to figure out current situation and we need to prevent future financial attack. https://t.co/AuYMA65aj6
— Tiancheng Xie (@Tiancheng_Xie) June 16, 2025
Polyhedra is the developer behind the zero-knowledge interoperability protocol zkBridge, which, according to the company, is “significantly faster” than existing proofs, both in proof generation and proof verification.
On Sunday, the ZKJ price dropped from roughly $2 to 30 cents in a matter of hours. Can Polyhedra Network recover?
Polyhedra Network Price Touches Base, Prepares For A Recovery
Following the attack and the dramatic drop, the ZKJ price plunged to an all-time low of around $0.3073. Meanwhile, the bulls are using this as a support to boost the price, as they use what appears to be a rounded bottom pattern.
As a result of the drop, featured by the long red candle on the chart, the price of Polyhedra Network now trades well below the 50 Simple Moving Average (SMA) on the 3-hour chart.
Additionally, the Relative Strength Index (RSI) at 26.8 indicates that the asset is now oversold and may be up for a trend reversal.
If the bulls take advantage of the market’s oversold situation, the ZKJ price could undergo a recovery, with a long-term target of $1.54, which is also dependent on whether the company can sustain its buybacks.
Conversely, if the bears continue to apply pressure, the Polyhedra Network token may plunge back to its floor price of $0.30, which could allow it to consolidate before picking up momentum.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER is one of the best crypto ICOs to buy now.
Bitcoin Hyper Token Presale Rushing Towards The $1.5 Million Milestone
Bitcoin’s robust security architecture has established it as the gold standard for cryptocurrency. However, transaction speed limitations have restricted its utility in modern decentralized applications.
Enter Bitcoin Hyper, which addresses those scalability challenges through an innovative layer-2 framework that preserves Bitcoin’s fundamental security. The project does this while enabling lightning-fast transaction processing capabilities comparable to those of modern high-performance blockchains, such as Solana.
The project is built on the Solana Virtual Machine (SVM), a functionality that also introduces fast and scalable smart contracts to the Bitcoin ecosystem.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Furthermore, the project functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Bitcoin Hyper is gaining traction, having raised over $1.3 million in early-stage funding so far.
Apart from scalability, the team has allocated 5% of the total 21 billion HYPER token supply for rewards, offering investors an impressive 563% annual percentage yield (APY) for purchasing and staking the tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.011925 each using crypto or a bank card.
Buy before the next price increase in about 33 hours.
Visit the Bitcoin Hyper Token website.
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