BURN

2024

Zignaly

when

<p class="is-style-lead">Zignaly price continued its strong trend this week as the market reacted to the ongoing token burn and its decentralization efforts. </p> 
<p class="is-style-default">The ZIG token traded at $0.1313 on Tuesday, its highest level seen since January 2022. It has risen by over 2,500% from its lowest point in 2023, pushing its market cap to over $132 million.</p> 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14282570"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/Zignaly-Price-1024x570.png.webp"> 
  <img loading="lazy" decoding="async" width="1024" height="570" src="https://crypto.news/app/uploads/2024/07/Zignaly-Price-1024x570.png" alt="Zignaly price nears ATH ahead of ecosystem vote - 25"> 
 </picture> 
</figure> 
<p><em>Zignaly price chart</em></p> 
<h2 class="wp-block-heading" id="zig-token-burn-and-more-decentralization">ZIG token burn and more decentralization</h2> 
<p>Zignaly is a leading platform that uses artificial intelligence (AI) to help ordinary people make money in the crypto industry. It does that by recommending top traders who have a solid track record of generating alpha.</p> 
<p>After selecting these traders, ordinary people can follow them and copy their trades. According to Zignaly’s website, it serves over 430,000 customers from around the world. Over the years, the volume of crypto invested in the platform has reached over $120 million.&nbsp;</p> 
<p>Zignaly token price has done well this year because most traders see it as one of the top artificial intelligence tokens in the industry. In the past 18 months, AI has become the most popular technologies in the market as evidenced by Nvidia’s growth.</p> 
<p>ZIG’s price continued rising ahead of the upcoming vote which will change how the network works and lead to more decentralization. . As part of the vote, the founders will establish the ZIGChain Foundation, donate 100 million ZIG tokens to the foundation, and award 125 million ZIG to holders. The vote will happen on July 5th.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">⚡Today we’re redefining <a href="https://twitter.com/search?q=%24ZIG&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$ZIG</a>! Following a community-driven plan to strengthen $ZIG’s status as the native token of <a href="https://twitter.com/hashtag/ZIGChain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#ZIGChain</a> and building a truly decentralized &amp; self-sustaining ecosystem, the Founders propose:<br><br>1️⃣ Establishing the ZIGChain Foundation<br><br>2️⃣ Donating 100,000,000… <a href="https://t.co/H5MgT5hEj2" target="_blank" rel="">pic.twitter.com/H5MgT5hEj2</a></p>— Zignaly (@zignaly) <a href="https://twitter.com/zignaly/status/1806404831592300935?ref_src=twsrc%5Etfw" target="_blank" rel="">June 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="zignaly-token-burn-continues">Zignaly token burn continues</h2> 
<p>The Zignaly token price also jumped after the network continued burning tokens in a bid to reduce those in circulation. Recently, the developers implemented the 30th buyback and burn program worth $143,800. It was the biggest burn to date, bringing the total ZIG burnt to over 31.6 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/zignaly/status/1807828759963140140 
 </div>
</figure> 
<p>A token burn is a process where coins are intentionally placed in an unusable wallet address to remove it from circulation. It is a good way of creating value for a cryptocurrency by making its tokens scarce.</p> 
<p>ZIG’s rally has happened in a high-volume environment. In the past three days, the daily volume has been over $10 million. In the past, the token’s daily volume was less than $3 million.&nbsp;</p> 
<p>It has also happened at a time when <a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> has remained above $60,000, with analysts expecting that the trend will continue.&nbsp;</p> 
<p>More Zignaly gains will see it retest its all-time high of $0.1400, 16% above where it was trading on Tuesday.</p>

Zignaly price nears ATH ahead of ecosystem vote

Table of Contents

crypto.news

Other articles published on Jul 2, 2024

Pixels’ Founder Plot More Crypto Games—Maybe on Telegram Too

Cardano (ADA) Price Rise Sparks Potential $500 Million Profit Surge as $0.42 Target Nears

Peter Thiel’s Fund Leads $85M Seed Round in Sentient AI

BlockDAG Dashboard Upgrade & Real-time Tracking of $2M+ Transactions Captures Whale Moves as Cele...

NewGold Solana Can Bring Make 1000% ROI For You

Experts Anticipate Crypto Surge in July

Join our free newsletter for daily crypto updates!