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Significant Surge of ZetaChain's Token by 64% Despite Crypto Market Downturn

Significant Surge of ZetaChain’s Token by 64% Despite Crypto Market Downturn

The ZetaChain Token Soars After Listing on Major Exchanges

The price of the ZetaChain project token, an EVM-compatible layer-1 blockchain, experienced a significant surge after being listed on major centralized exchanges (CEX).

Within the past 24 hours, the token’s price reached $0.9042, marking a 64% increase from the previous day. Additionally, on February 1st, the coin achieved an all-time high of $1.21 following its listing announcement on prominent CEXs such as Bitfinex and OKX. Trading volumes for the token have also skyrocketed, surpassing $60 million in the last 24 hours.

ZetaChain price | Source: CoinMarketCap

ZetaChain Raises $27 Million in Investments

In August 2023, ZetaChain successfully raised $27 million in investments from various entities, including Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, and Krust. The project’s valuation remains undisclosed.

ZetaChain to Launch Mainnet with Multiple Chain Integrations

On January 31st, ZetaChain announced its upcoming mainnet launch in the following days. The ZetaChain mainnet will be interconnected with various blockchain networks, including Bitcoin (BTC), Ethereum (ETH), and the Cosmos ecosystem blockchains. Notably, BNB Chain is one of the initial networks that will be supported.

ZetaChain’s Ambitious Network Integration Plans

ZetaChain has ambitious plans to launch a comprehensive network that combines Ethereum, Polygon, BNB Chain, Bitcoin, and Dogecoin. The developers aim to create a seamless ecosystem that facilitates interaction and transactions across these prominent blockchain networks.

Hot Take: ZetaChain Token Gains Momentum with CEX Listing

The ZetaChain token has experienced remarkable growth following its listing on major centralized exchanges (CEX). With a 64% surge in price within 24 hours and an all-time high of $1.21, the token’s popularity and trading volumes have soared. Moreover, ZetaChain’s upcoming mainnet launch and integration with various blockchain networks, including BNB Chain, further enhance its potential for growth and adoption. The project’s successful fundraising efforts of $27 million also indicate strong investor confidence. As ZetaChain aims to create a unified ecosystem combining Ethereum, Polygon, BNB Chain, Bitcoin, and Dogecoin, it is positioned to play a significant role in the evolving crypto landscape.

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Significant Surge of ZetaChain's Token by 64% Despite Crypto Market Downturn