ZetaChain’s token surges by 64% amid crypto market decline

The price of the ZetaChain project token, an EVM-compatible layer-1 blockchain, soared after listing on the largest centralized exchanges (CEX).

According to CoinMarketCap data, over the past 24 hours, the token price was $0.9042, or 64% more than the previous day. Also, on Feb. 1, the coin reached an all-time high of $1.21 after the announcement of listing on leading CEXs, including Bitfinex, OKX, and others. Trading volumes for the token have skyrocketed, reaching over $60 million in the last 24 hours.

In August 2023, ZetaChain raised $27 million in investments. Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai and Krust participated in the round. The project’s assessment is not disclosed.

On Jan. 31, ZetaChain announced it would launch its mainnet within “the next few days.” The ZetaChain mainnet will be integrated with various chains, from Bitcoin (BTC) and Ethereum (ETH) to the Cosmos ecosystem blockchains. According to the latest announcement, BNB Chain is among the initially supported networks.

ZetaChain plans to launch the leading network soon. According to the developers, the latter is designed to combine Ethereum, Polygon, BNB Chain, Bitcoin, and Dogecoin.