ZetaChain Price Prediction 2024: Can ZETA Reach New All-Time High?
What's ahead for ZetaChain?
Key Takeaways
- ZetaChain’s token ZETA hit the market on February 1.
- It hit an all-time high of $2.81 on February 15
- What’s next for ZETA?
- One price prediction says it may reach $20 next year.
ZETA, the native cryptocurrency of ZetaChain , an interoperability blockchain platform, skyrocketed by 150% within just a few hours of its debut on February 1, 2024.
ZetaChain represents a blockchain that aims to usher in a new era of blockchain interoperability through its inherent capabilities.
Promising users seamless compatibility across various platforms including EVM, Cosmos (ATOM), Bitcoin (BTC), Dogecoin (DOGE), Tron (TRX), and more, ZetaChain aims to empower developers by facilitating data and native value transfers across a range of blockchain networks.
ZetaChain did not immediately respond to a request for comment
But what is ZetaChain (ZETA)? How does ZetaChain work? Let’s see what we can find out, and also take a look at some of the ZetaChain price predictions that were being made as of March 8, 2024.
ZetaChain Price Prediction
Let’s examine some of the ZetaChain price predictions being made on March 8, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
Being so young – it was launched only on January 31, 2024 – it is still hard to find price predictions for this token.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $5.28 | $6.05 | $17.98 |
| Prediction #2 | $3.78 | $5.87 | $37.18 |
| Prediction #3 | $6 | $20 | $57 |
First, CoinCodex made a short-term ZetaChain price prediction which said that the coin would fall to $3.02 by March 13 before making a small recovery to $7.55 by April 7. The site’s technical analysis was bearish, with one indicator sending bullish signals and 13 making discouraging ones.
ZetaChain Price Prediction for 2024
DigitalCoinPrice said that ZetaChain would reach $5.28 this year. PricePrediction.net thought the token would trade at $3.78. Coin Edition argued ZETA would be valued at $6 by the end of the year.
ZetaChain Price Prediction for 2025
Moving on, Coin Edition thought ZetaChain would trade at $20 in 2025. DigitalCoinPrice had the token coming in at $6.05 that year. PricePrediction.net said ZETA would be worth $5.87 next year.
ZetaChain Price Prediction for 2030
Looking at a more long-term ZetaChain price prediction, PricePrediction.net said the token would hit $37.18 in 2030. Coin Edition suggested it would reach $57 that year. DigitalCoinPrice made a ZETA price prediction that had it trade at $17.98 at the start of the next decade.
Google BardAI Price Prediction for ZetaChain (as of February 6)
Google’s BardAI platform gave the following price prediction for ZetaChain on February 6. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.
Short Term (Next 3 months)
- Expected Price: $5
- Factors to Consider:
- Market Sentiment: The overall cryptocurrency market sentiment will play a major role. If the market is bullish, ZETA could climb. Conversely, a bearish market could lead to a price drop.
- Project Development: Any positive developments or announcements from the ZetaChain team regarding adoption, partnerships, or technological advancements could boost the price.
Medium Term (Next 6 months)
- Expected Price: $6
- Factors to Consider:
- Recent Performance: ZETA launched in February 2024, so its price history is limited. However, following its initial rise, it has experienced some correction.
- Project Development and Adoption: News and developments on the ZetaChain network, such as partnerships or successful integrations with other blockchains, could positively impact the price.
- Overall Market Sentiment: If the general cryptocurrency market experiences a bullish trend, ZETA could see price increases alongside other tokens.
Long Term (Next 5 years)
- Expected Price: $17.87
- Factors to Consider:
- Success of ZetaChain’s technology: If ZetaChain’s interoperability solutions gain traction and are adopted by developers, it could significantly boost demand for ZETA tokens.
- Overall cryptocurrency market trends: A bullish crypto market would likely benefit ZETA’s price, while a bearish market could suppress it.
- Developments on the ZetaChain network: New features, partnerships, and integrations with other blockchains could increase ZETA’s value.
ZetaChain Price History
Now, let’s examine the ZetaChain price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a ZetaChain price prediction.
ZETA first came onto the open market on February 1, 2024, when it was worth about $0.8175. It went up steadily then, reaching $1.881 the day after, before retracing at $1.25.
The coin reached an all-time high of $2.81 on February 15 and then moved sideways, being worth $2.39 on March 8, 2024.
ZetaChain Price Analysis
After its market release on February 1, when the price was below $0.70, ZETA rose to qn all-time high of nearly $3 on February 15. Since then, it has been moving sideways in a slightly descending channel. On March 8, it made another interaction with its resistance level. The upward movement stopped and ZETA is now experiencing a downturn.
This would be the second lower high at $2.50, and it could be followed by another lower low. If this happens, ZETA could go below $2. If it goes below $1.80, the likelihood of the price making another larger uptrend could be low.
Considering we saw two upward moves and two retracements, these movements could be four waves out of a five-wave count, meaning that another climb will follow after a breakout.
According to this ZETA should have one more high before this uptrend ends. There is now a price target between $3.60 and $4.
Recent Updates from ZetaChain
ZetaChain announced on February 1 the launch of ZetaChain Mainnet Beta. Eligible users can claim earned ZETA in ZetaHub. All users can Earn XP in its first launch campaign.
Is ZetaChain a Good Investment?
It is hard to say. The token’s price has shot up after its launch, but there may already be signs of a downturn.
On the other hand, there are good reasons for ZetaChain’s recent movements, with new developments getting investors’ attention.
As always with crypto, you will need to make sure you do your own research before deciding whether or not to invest in ZETA.
Will ZetaChain go up or down?
No one can really tell right now. While the ZetaChain crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in ZetaChain?
Before you decide whether or not to invest in ZetaChain, you will have to do your own research, not only on ZETA, but on other coins and tokens such as Ordinals (ORDI). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Who is the Founder of ZetaChain?
Dan Romero, Sam Rosenblum, and John Yi are the founders of ZetaChain. They are early members of Coinbase and were also involved in creating the Basic Attention Token (BAT). Additionally, they have been investors in various projects within the cryptocurrency industry.
Who Owns the Most ZetaChain (ZETA) Coins?
On March 8, 2024, one wallet held 78.10% of the supply of ZETA.
Richest ZETA Wallet Addresses
As of March 8, 2024, the five wallets with the most ZETA were
- 0x000007cf399229b2f5a4d043f20e90c9c98b7c6a. This wallet held 1,640,004,271 ZETA, or 78.10% of the supply.
- 0x306c36a5b41b69919372235b1a7212a738045346. This wallet held 136,500,000 ZETA, or 6.50% of the supply.
- 0xefee6720d5e373deb4fe121c2b3b6f96e7012c31. This wallet held 84,000,000 ZETA, or 4.00% of the supply.
- 0xbd4b7856c0cbefe423372ee224254cf5897012b9. This wallet held 52,500,000 ZETA, or 2.50% of the supply.
- 0x36d80b138c058b929f53719396653168db372782. This wallet also held 42,000,000 ZETA, or 2.00% of the supply.
Fact Box
| Supply and Distribution | Figures |
|---|---|
| Maximum supply | 2,100,000,000 |
| Circulating supply (as of March 8, 2024) | 236,468,750 (11% of total supply) |
| Holder distribution | Top 10 holders owned 90% of total supply, as of March 8, 2024. |
From the Whitepaper
In its technical documentation, or whitepaper , ZetaChain describes a public Layer 1 blockchain designed specifically to enable seamless communication and interaction between different blockchains, even those that don’t support smart contracts like Bitcoin.
Overall, the ZetaChain whitepaper proposes a unique approach to blockchain interoperability, aiming for a more secure, generalized, and all-encompassing solution.
ZetaChain (ZETA) Explained
How ZetaChain Works
ZetaChain uses a simpler and more robust trust model, where only our network is trusted to deliver data/value, vs. a third-party. On our decentralized proof-of-stake network, no single node has knowledge of any private key. It can sign and hold assets natively, and funds at rest are never at risk.
ZetaChain Attention Tracker
FAQs
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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