The token associated with the ZetaChain project, an Ethereum Virtual Machine (EVM)-compatible layer-1 blockchain, experienced a remarkable 64% surge in price within 24 hours, reaching $0.9042, as reported by CoinMarketCap. This surge follows the recent listing of the token on major centralized exchanges (CEXs), including Bitfinex and OKX. Notably, on February 1st, the token achieved an all-time high of $1.21, fueled by the excitement surrounding its listings on prominent exchanges. The trading volumes for the ZetaChain token surged to over $60 million in the last 24 hours.
ZetaChain, which secured $27 million in investments in August 2023, boasts participation from notable entities such as Blockchain.com, Human Capital, VY Capital, and others. The project aims to launch its mainnet in the coming days, promising integration with various blockchain networks, including Bitcoin, Ethereum, and the Cosmos ecosystem blockchains. The announcement highlights BNB Chain as one of the initially supported networks.
ZetaChain’s mainnet is anticipated to be a comprehensive network, combining Ethereum, Polygon, BNB Chain, Bitcoin, and Dogecoin. The developers emphasize its potential to bring together various blockchain ecosystems. Despite the broader market downturn, ZetaChain’s token has demonstrated resilience, with its recent surge standing out amid challenging market conditions.
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