Overview of ZetaChain (ZETA)
ZetaChain (ZETA) is a cryptocurrency token operating on the Ethereum platform. Designed as a foundational Layer-1 blockchain, its core objective is to facilitate seamless interoperability between disparate blockchains. This allows users and developers to transfer assets and data across various networks without relying on traditional bridges or wrapped tokens.
As of the latest data, ZETA holds a market ranking of #250, with a circulating supply of 634 million coins. Its current market capitalization stands at approximately $110 million.
ZetaChain Price Performance and Statistics
The live price of ZetaChain is $0.1736, reflecting a 24-hour increase of +0.56%. Trading volume over the past day reached $5.2 million, with nearly 30 million ZETA coins exchanged across 36 supported trading platforms.
Here’s a snapshot of ZETA’s recent performance:
- 24-hour change: +0.56%
- 7-day change: -3.51%
- 30-day change: -18.80%
- 52-week range: $0.1523 - $0.9614
- All-Time High (ATH): $2.61 (recorded on February 16, 2024)
Key Technical Indicators
A variety of technical indicators provide insight into ZETA’s current market sentiment. The majority of moving averages (from SMA-10 to EMA-200) currently suggest a "Sell" signal. Meanwhile, momentum oscillators like the RSI (14) at 43.96 are in "Neutral" territory, indicating neither overbought nor oversold conditions.
ZetaChain Market Analysis and Outlook
Today’s trading session saw ZETA open at $0.1691. After a brief dip to $0.1676, the price has shown upward momentum. From a technical perspective, maintaining support above the key level of $0.1523 is crucial for a potential move toward higher resistance levels.
The immediate major resistance is identified at $0.2619. A sustained break above this could pave the way for a test of the second resistance at $0.3449, with a third significant hurdle at $0.4657. 👉 Explore more strategies for analyzing market movements
Understanding ZetaChain's Value Proposition
ZetaChain aims to solve a critical challenge in the blockchain space: fragmentation. By enabling native cross-chain communication and value transfer, it reduces complexity and enhances security for users and developers building multi-chain applications. This positions ZETA as a key infrastructure token within the interoperability and cross-chain categories, where it currently ranks #11.
Investment Metrics: ROI and Volatility
Evaluating ZETA’s historical performance reveals its risk-return profile:
- 3-Month ROI: -33.86%
- 6-Month ROI: -69.57%
- 12-Month ROI: -79.45%
- 12-Month Volatility: 125.09%
These metrics highlight the asset's high volatility and significant drawdowns since its all-time high, which is common among emerging cryptographic projects in their early stages.
Frequently Asked Questions
What is ZetaChain and what problem does it solve?
ZetaChain is a Layer-1 blockchain designed to provide universal interoperability. It allows different blockchains to communicate and share value natively, eliminating the need for complex, insecure bridges. This simplifies the process for developers creating cross-chain applications and improves the user experience for managing assets across multiple ecosystems.
What is the current price of ZETA?
The current price of one ZETA coin is $0.1736. This represents a 24-hour increase of 0.56%. For more detailed historical performance data, including weekly and monthly returns, refer to the price stats section within the article.
What was the highest price ever reached by ZetaChain?
ZetaChain reached its all-time high price of $2.61 on February 16, 2024. This peak was achieved approximately one year and four months prior to the current date.
What is ZetaChain's market cap and ranking?
As of the latest data, ZetaChain has a market capitalization of $110.1 million, which places it at rank #250 among thousands of cryptocurrencies. This valuation is based on its circulating supply.
What are the key support and resistance levels for ZETA?
Technical analysis suggests that $0.1523 is a critical support level to watch. On the upside, major resistance levels are situated at $0.2619 and $0.3449. A break above these could indicate a stronger bullish trend. 👉 View real-time tools for tracking these levels
How volatile is ZETA as an investment?
ZETA has demonstrated high volatility, with a 12-month volatility reading of over 125%. This is indicative of larger price swings compared to more established assets. Potential investors should be aware of this increased risk profile.