The price of Mystiko Network token XZK continues to plummet after listing

Mystiko Network token XZK was listed on major exchanges on June 18.
As of the deadline for this article, the price of XZK has continued to fall in the past three days. From the published price of $0.18, it dropped to as low as $0.1125, and the current price is still at $0.1133.

What is Mystiko Network

Mystiko.Network (XZK) is the innovative base layer of Web3, using Zero Knowledge technology to enhance the scalability, interoperability, and security of blockchain networks. By providing a universal zero-knowledge software development kit .
Mystiko enables developers to build cost-effective, scalable, and secure blockchain applications while protecting users’ on-chain identities and transaction history.

Mystiko Network Financing Status

Mystiko Network has completed an $18 million seed round led by Sequoia Capital India/SEA (now known as Peak XV Partners), Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital , Morningstar Ventures, etc.

Mystiko Network Partnership

Mystiko Network announced a cooperation with Mask Network on March 28.
Mystiko Network provides privacy options to all Web3.0 social partners in the Mask Network ecosystem to make Web3.0 social life accessible, affordable, and private.
Mystiko.Network plans to build the ultimate universal web3 privacy infrastructure through PaaS (Privacy as a SDK), allowing any social network stakeholder to easily activate transaction privacy.

Conlive does not recommend investing in Mystiko Network

n recent times, VC projects similar to XZK include LayerZero (ZRO) and ZKsync (ZK). Without exception, they are all very popular in the early stage and attract more users through a large number of airdrops.
In the end, it did not rise as expected, but continued to fall. Coinlive believes that the current market is not suitable for users to enter the market by bargain hunting, and investors are advised to remain vigilant and continue to wait and see such VC projects.