ZetaChain Price Surges by 150%: How High Can the ZETA Price Go?

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ZetaChain, a revolutionary Layer-1 blockchain with inherent interoperability, witnessed an extraordinary surge on February 1st following the beta launch of its mainnet. ZETA, ZetaChain’s native asset, skyrocketed by an impressive 150% reaching $1.9 within hours of the announcement.

What is ZetaChain (ZETA)?

ZetaChain is an EVM-compatible layer-1 blockchain with built-in chain-agnostic interoperability, supporting various chains like EVM, Cosmos/IBC, Bitcoin, Dogecoin, Tron, and more. However, the platform’s unique feature is its messaging capabilities, enabling seamless transmission of data and native value across different chains without the need for asset wrapping.

Going beyond, ZetaChain is set to introduce native smart contract support, empowering developers to craft omnichain decentralized applications (dApps) managing funds across different chains through a single contract.

Meanwhile, at the heart of ZetaChain’s functionality is its native utility token. This native utility token plays a crucial role in ensuring the platform’s seamless operation. 

It not only facilitates the smooth movement of value between chains but also acts as a guardian of blockchain security, covers essential gas fees, oversees transactions, and manages the intricate web of data storage. Those users utilizing ZETA gain a distinct advantage in effortlessly navigating asset transfers across different chains.

Why is the ZETA Price up?

Earlier, ZetaChain secured a substantial investment of $27 million in August 2023 during a funding round. Key participants in the funding round included Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, and Krust. 

The mainnet launch of ZetaChain introduces support for BNB Chain, Bitcoin (BTC), and Ethereum (ETH) networks. 

BNB Chain takes the forefront, allowing users to interact with ZetaChain contracts, engage in cross-chain trading linked to ZetaChain, and transfer liquidity to the BNB Chain.

Zeta Coin Price Analysis

ZetaChain’s current price stands at $1.67, marking a notable 120% surge in the past 24 hours, with a substantial trading volume of $267,675,385. It’s essential to note that the circulating supply is currently unavailable, and the maximum supply is capped at 2.1 Billion ZETA coins.