2024

DeFi

Zeebu

The payments industry is undergoing a seismic shift as the world increasingly embraces the potential of decentralized finance (DeFi) and blockchain technology. Analysts project the Web3 payments market will skyrocket from $1.6 billion in 2022 to a staggering $54.52 billion by 2032, according to a&nbsp;<a href="https://www.marketresearchfuture.com/reports/web3-payments-market-12242" target="_blank" rel="noopener">report </a>by Market Research Future. 
This explosive growth has opened the floodgates for innovative startups to disrupt traditional payment rails. One company making major waves is <a href="//zeebu.com" target="_blank" rel="noopener">Zeebu</a>, a pioneering Web3 payments platform tailored for the telecom sector. 
Zeebu is revolutionizing how telecom carriers settle invoices and route payments by bringing these processes on-chain via blockchain technology. By leveraging the benefits of DeFi, Zeebu aims to increase efficiency, reduce costs, and make transactions instant and secure compared to legacy payment systems. 
The startup's solution is rapidly gaining traction. Zeebu recently <a href="https://www.zeebu.com/blog/zeebu-crosses-2-5-billion-in-settlement-volume" target="_blank" rel="noopener">announced </a>its platform has processed over $2.5 billion in transaction volume with over 45000 invoices being settled. In an <a href="https://www.entrepreneur.com/en-ae/starting-a-business/unlocking-potential-raj-brahmbhatt-founder-zeebu/473141" target="_blank" rel="noopener">interview</a>, the company's founder revealed they are ahead of their roadmap, with adoption from telecom partners exceeding expectations. Zeebu is targeting $14 billion in total transaction volume within the next year. 
The Web3 Payments Landscape 
Many believe that crypto was primarily built for payments from the ground up, but realizing that vision of using DeFi for everyday transactions has been an uphill battle. Pioneers like Zeebu creating user-friendly, industry-specific Web3 payment solutions could be the catalysts that finally make this a reality. While DeFi can transform industries and sectors beyond payments, the primary application of Crypto is still finding its way to mainstream beyond the Web3 space to a mainstream user base.&nbsp; 
Crypto Whales Eyeing this New Contender? Investors, particularly crypto whales, are increasingly drawn to projects that promise substantial disruption and future growth. Zeebu's ZBU token embodies this potential, making it an attractive addition to any investment portfolio. As the platform continues to record outstanding growth and adoption, ZBU emerges as a key player in the DeFi and crypto space. 
Zeebu's strategic initiatives and technological advancements position it as a major competitor in the Web3 payments market, heralding a new era of practical adoption for DeFi and crypto. By focusing on the telecom industry and achieving significant transaction volumes, Zeebu is making strides towards realizing the broader vision of integrating crypto into everyday transactions. This positions Zeebu not just as a participant but as a leader in the ongoing payment's revolution. 
Exploring the Bullish Signs of ZBU for a $10 Milestone 
Currently, the ZBU token is trading at $4.71, with a 2% overnight gain. Following a bull run from September to April, the ZBU token entered a retracement phase, establishing a solid foundation for its next rally. This phase has caught the attention of the crypto community, particularly the whales, who have started accumulating ZBU tokens at lower costs. 
 
<img src="https://cdn.thebittimes.com/images/2024/06/17/1718637601.webp" width="800" height="352" style="display: block; margin-left: auto; margin-right: auto;"> 
Source: <a href="https://www.tradingview.com/x/6RKRin7k/" target="_blank" rel="noopener">Tradingview</a> 
ZBU has been consolidating within a horizontal range after reaching its all-time high near the $5.00 mark. Buyers have shown strong interest around the $4.00 range multiple times and are now working to maintain price stability at higher levels. This suggests a potential bullish breakout above the immediate resistance. 
During the recent retracement phase, the 100-day simple moving average served as a crucial support level. Recently, ZBU has repeatedly tested the 50-day SMA over the past few weeks. This analysis indicates a possible buildup for the next bull run. If ZBU surpasses the $5.00 range, investors might see a new all-time high of $6.00 in the coming week. 
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdj_AmLch8UgZgckbzvTsQ-lU4m9uCxIGjHtXrgkksX1LyNNNQWAHES1wzbYscU9qftBuXrNuiCkbJ_h_d8jLI6RQNEFMzv8zcsG9SDzrw4BR8aVvbW24MnWrRl6fIXnwboD-FquHrkDJ_adwDdzskfiFFP?key=1sQrFOF3adtlwFXAWb9vvg" width="624" height="275" style="display: block; margin-left: auto; margin-right: auto;"> 
Source: <a href="https://www.tradingview.com/x/Wgd7NIa1/" target="_blank" rel="noopener">Tradingview</a> 
Two key technical indicators, RSI and ADX, are signaling a hidden bullish trend for Zeebu's next run, as seen in the daily price chart. 
The daily RSI is positioned above the ascending trendline (Blue). Currently, the RSI is at the 55 mark, heading toward higher levels while the ZBU token trades near its all-time high. This indicates potential for further growth, promising significant returns for investors in the short term. 
Additionally, the ADX indicator has cooled down to the 20 range for the third time in recent months. A close analysis of ZBU's past performance reveals that this ADX pattern is a strong indicator of potential growth for the ZBU token in the near future. 
Conclusion 
The Zeebu (ZBU) token is on the cusp of breaking out of its wide horizontal range, poised to surpass its previous all-time high of $5.00. Price patterns and two key technical indicators suggest a potential rally for ZBU in the 2024 bull run, potentially reaching the significant $10 mark in the coming months.&nbsp;
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/web3-payments-market-heats-up-as-zeebu-emerges-as-major-challenger-tbt93236.html">https://thebittimes.com/web3-payments-market-heats-up-as-zeebu-emerges-as-major-challenger-tbt93236.html</a>

Web3 Payments Market Heats Up as Zeebu Emerges as Major Challenger

TheBitTimes

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