ZetaChain’s 150% Surge: Sky’s the Limit for ZETA Price

Zetachain, a Layer-1 blockchain, experienced a 120% surge in price following the beta launch of its mainnet. The native asset, ZETA, reached $1.9 within hours of the announcement. The mainnet launch allows interaction with contracts on Zetachain for BNB Chain users and introduces support for BNB Chain, Bitcoin, and Ethereum networks. Zetachain aims to enable seamless data and value transmission across different chains without asset wrapping. The platform’s native utility token plays a crucial role in ensuring smooth value movement between chains and covers gas fees, transaction oversight, and data storage. The mainnet launch marks an important milestone for Zetachain, which secured a $27 million investment during a funding round in August 2023. Currently, Zetachain’s price stands at $1.67 with a trading volume of $267 million. The circulating supply is not currently available, and the maximum supply is capped at 2.1 billion ZETA coins. The future plans for Zetachain remain unknown at this time.