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ZetaChain Price Prediction 2024: Can ZETA Make the Big Leagues?

Last Updated February 6, 2024 9:29 AM
Giuseppe Ciccomascolo
Last Updated February 6, 2024 9:29 AM

Key Takeaways

  • ZetaChain’s token ZETA hit the market on February 1.
  • It rose above $1.80 before retracing.
  • 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 empowes 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 February 6, 2024.

ZetaChain Price Prediction

Let’s examine some of the ZetaChain price predictions being made on February 6, 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 $3.17 $3.69 $10.72
Prediction #2 $2.17 $3.34 $22.34
Prediction #3 $6 $20 $57

ZetaChain Price Prediction for 2024

DigitalCoinPrice  said that ZetaChain would reach $3.17 this year. PricePrediction.net   thought the token would trade at $2.17. Coin Edition  argued ZETA would be valued at $6by 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 $3.69 that year. PricePrediction.net said ZETA would be worth $3.34 next year.

ZetaChain Price Prediction for 2030

Looking at a more long-term ZetaChain price prediction, PricePrediction.net said the token would hit $22.34 in 2030. Coin Edition suggested it would reach $57 that year. DigitalCoinPrice made a ZETA price prediction that had it trade at $10.72 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)

  • Price range: $2.08 – $3.87
  • Reasons:
    • Recent Performance: ZetaChain has seen significant price fluctuations in recent months, with a high of $2.08 in December 2023 and a low of $0.87 in January 2024.
    • Technology: ZetaChain is a Layer 1 blockchain that allows for interoperability between different blockchains. This could be a significant advantage in the growing blockchain ecosystem.
    • Adoption: ZetaChain is still in its early stages of development, but it has partnered with several other blockchain projects and companies.
    • Partnerships: These partnerships could help to increase adoption and drive the price of ZetaChain up.

Medium Term (Next 6 months)

  • Price range: $1.20 – $2.10
  • Reasons:
    • Overall cryptocurrency market sentiment: If the overall cryptocurrency market experiences a bull run, ZetaChain could see its price increase. Conversely, a bear market could lead to a decrease in price.
    • Adoption and development of ZetaChain: Increased adoption and development of ZetaChain’s technology could lead to increased demand for the ZETA token, potentially driving up the price.
    • Major news or events: Major news or events related to ZetaChain, such as partnerships, integrations, or regulatory developments, could also impact the price.

Long Term (Next 5 years)

  • Price range: $20 – $23
  • Reasons:
    • Overall cryptocurrency market trends: The price of ZETA is likely to be influenced by the overall performance of the cryptocurrency market.
    • Development and adoption of ZetaChain technology: If ZetaChain technology is widely adopted and proves successful, it could lead to increased demand for ZETA tokens, potentially driving up the price.
    • Regulatory landscape: Changes in government regulations could impact the cryptocurrency market, including ZETA.
    • Unforeseen events: Unexpected events, such as hacks or major economic disruptions, could also affect the price of ZETA.

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 at the time of writing (February 6, 2024).

ZetaChain price history
ZetaChain price in 2024 | Credit:CoinMarketCap
As of February 6, 2024, there were 236.5 million ZETA in circulation, out of a total supply of 2.1 billion. This gave ZetaChain a market cap of about $295.0 million, making it the 155th largest crypto by that metric.

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.

ZetaChain (ZETA) Explained

ZetaChain (ZETA) is a Layer 1 blockchain and interoperational platform that enables cross-chain data exchanges and smart contract executions. Decentralized apps (DApps) built on ZetaChain utilize smart contracts that can read and write data across different chains.

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. ZetaChain can sign and hold assets natively, and funds at rest are never at risk.

ZetaChain Attention Tracker

ZetaChain Google search volume
ZetaChain’s Google search volume for the last 90 days. Credit | Google
Here is a chart for ZetaChain’s Google search volume for the past 90 days. This represents how many times the term “ZetaChain ZETA” has been Googled over the previous 90 days.

FAQs

How many ZetaChain are there?

As of February 6, 2024, there were 236.5 million ZETA in circulation, out of a total supply of 2.1 billion.

Will ZetaChain reach $10?

According to Coin Edition, it may reach that level next year.

What is ZetaChain?

ZetaChain (ZETA) is a Layer 1 blockchain and interoperational platform that enables cross-chain data exchanges and smart contract executions. Decentralized apps (DApps) built on ZetaChain utilize smart contracts that can read and write data across different chains.

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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