Zeta Coin price prediction Test Back ATH $2.8 In Q4 2024
2024-10-22Bittime - Zeta Coin price prediction to retest ATH $2.8 in Q4 2024? The Zeta coin is in the spotlight amid volatile crypto market movements. Here is an analysis presentation based on Margin Call Episode 31 by Crypto Academy.
88% Price Depreciation Since March
After experiencing a significant depreciation of up to 88% since March, Zeta is now showing signs of recovery.
With Zeta's price starting to stabilize and a potential breakout in sight, crypto analysts are starting to reconsider this coin as one of the promising assets to accumulate.
Positive Signal for Zeta Coin Price?
Zeta has shown quite a positive change in character since last September. Currently, Zeta has formed a range for accumulation and is starting to target a breakout level above $0.9 (IDR14,040).
If Zeta manages to break this level, it is likely that this coin will continue to increase until it retests the all-time high (ATH) at $2.8 (Rp43,680).
This is supported by price action data that indicates a bullish opportunity, especially with a change in trend and increased investor interest.
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Zeta's Potential as a Blockchain Project
Zeta is not just a speculative asset, but part of the rapidly developing blockchain infrastructure narrative. Zeta's focus on developing better infrastructure includes aspects of scalability and blockchain security.
This gives Zeta a distinct advantage over other crypto projects, especially for investors interested in projects with strong fundamentals.
ZetaChain Project Overview
ZetaChain is a Layer 1 (L1) blockchain designed to interoperably connect various blockchains, including networks such as Bitcoin, Ethereum, and BNB Chain.
By using the Universal Ethereum Virtual Machine (EVM), ZetaChain allows developers to build decentralized applications (dApps) that can operate on multiple chains simultaneously.
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ZetaChain Founder
ZetaChain was founded in 2021 by Ankur Nandwani and Charlie Pyle. Ankur Nandwani was previously involved in the Basic Attention Token (BAT) project and has experience working at Coinbase, Lookout, and Qualcomm.
Meanwhile, Charlie Pyle also has a strong background in the technology and blockchain industry.
ZetaChain Technology
ZetaChain offers several key features:
1. Omnichain Smart Contracts
Enables smart contracts to read and write data across multiple blockchains, including those that do not support smart contracts such as Bitcoin.
2. Cross-Chain Messaging
Provides a mechanism for lightweight cross-chain messaging, thereby improving transaction efficiency and security.
3. Universal EVM
With Universal EVM, ZetaChain can run Ethereum-compatible applications on various chains, expanding the reach of decentralized applications.
Through these technologies, ZetaChain aims to simplify the development of dApps that can operate across multiple blockchains, and improve interoperability and efficiency in the crypto ecosystem.
Why is Zeta Interesting in Q4 2024?
Bullish trends in the crypto market often occur towards the end of the year, and the fourth quarter (Q4) is expected to be an interesting period for Zeta.
With many investors starting to shift their focus from meme coins to tokens with real utility, Zeta has a great opportunity to attract attention.
One of the main reasons is the change in character that Zeta has undergone since September.
With a valuation of around $1.3 billion (IDR 20.280 trillion) and 20% of the total tokens already in circulation, Zeta still has ample room to grow.
Accumulation Strategy on Zeta Coin
For investors who have high conviction and are interested in buying Zeta, it is worth waiting for confirmation of a breakout above the $0.9 level (IDR 14,040).
This step can minimize risk and provide more optimal profit potential. If the breakout occurs, the next target is to test ATH at $2.8 (IDR43,680).
However, as with any investment in the crypto sector, it is still important to conduct in-depth research and consider your own risk tolerance.
Zeta has great potential to be one of the most exciting projects in 2024, especially with the bullish narrative getting stronger in the crypto market.
The combination of favorable technical analysis and solid project fundamentals makes Zeta worth considering as part of an investment portfolio in the crypto sector.
Conclusion
With the ongoing positive trend, Zeta has a chance to retest ATH at $2.8 ($43,680) in the coming months.
The focus on blockchain infrastructure and the potential for price increases make Zeta one of the crypto assets to consider in Q4 2024.
For investors looking for opportunities in the crypto market, Zeta could be an interesting option.
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