Ethereum

Future

Bitcoin

Cosmos

The past month or so has seen the cryptocurrency market witness <a href="https://www.bloomberg.com/news/articles/2024-06-24/bitcoin-btc-extends-drop-after-one-of-crypto-s-worst-weeks-of-2024?embedded-checkout=true" rel="nofollow noopener" target="_blank">significant turbulence</a>, with several prominent cryptocurrencies posting their biggest drops in over two months. To elaborate, the downturn seems to be part of a broader trend, with a gauge of the top 100 digital assets falling about 5% in the week ending June 23, the steepest such slide since April.&nbsp; 
The market’s struggles can be attributed to several factors, including <a href="https://www.business-standard.com/markets/cryptocurrency/bitcoin-extends-drop-after-one-of-crypto-s-worst-weeks-of-2024-report-124062401085_1.html" rel="nofollow noopener" target="_blank">cooling demand for Bitcoin exchange-traded funds</a> (ETF), pervading uncertainty over <a href="https://www.bis.org/publ/qtrpdf/r_qt2403w.htm" rel="nofollow noopener" target="_blank">global monetary policies</a>, and the <a href="https://finance.yahoo.com/news/mt-gox-begin-repaying-defunct-062550904.html#:~:text=The%20long%2Dawaited%20repayments%20to,and%20Bitcoin%20Cash%20(BCH)." rel="nofollow noopener" target="_blank">announcement of repayments</a> from the Mt. Gox rehabilitation trustee. Not only that, over $210 million worth of bullish crypto bets were <a href="https://uk.news.yahoo.com/finance/news/bitcoin-extends-drop-one-crypto-040609398.html" rel="nofollow noopener" target="_blank">liquidated in just 12 hours</a>, further reflecting the intensity of the ongoing sell-off.&nbsp; 
Moreover, Bitcoin investment products also saw around $600 million in outflows for two consecutive weeks, the most over a two-week period since the US government <a href="https://www.theblock.co/post/296854/ether-price-nears-4000-as-market-awaits-ethereum-etfs-going-live" rel="nofollow noopener" target="_blank">approved BTC ETFs</a>. Despite these challenging market conditions, some projects continued to make significant strides, with one such offering being ZIGChain. Over the past year, ZIGChain’s native token, $ZIG, outperformed the market by a significant margin, <a href="https://www.coingecko.com/en/coins/zignaly" rel="nofollow noopener" target="_blank">growing by an impressive 1788%</a> during the aforementioned period.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd7dvYc0t7pWJi6IE24BsbpyfD6SLd7ukad2zrplWrwEtFpMC1LQr6ZKB6PhU2ZsAfqfUOTTX-JBnE2W6nb4ICVAC0be21V93KS6yXFanUUylX0sDsH8XURT72SaFCopiN1bfm-SQUotTgGHMU5PDD1YPaU?key=qaQJOB095FplyUQlIfRywQ" alt="">
</figure> 
$ZIG’s price rise over the past year (source: <a href="https://www.coingecko.com/en/coins/zignaly" rel="nofollow noopener" target="_blank">CoinGecko</a>) 
This remarkable growth is further <a href="https://x.com/zignaly/status/1804209950933311785" rel="nofollow" target="_blank">bolstered by key ecosystem metrics</a>, including over 30,000 on-chain $ZIG holders, a user base of 500,000+ generating millions in profits, and partnerships with industry leaders like DWF Labs &amp; UDHC Finance. 
<h3 class="wp-block-heading" id="building-a-holistic-crypto-ecosystem">Building a holistic crypto ecosystem</h3> 
In a major development, ZIGChain <a href="https://medium.com/zignaly/strategic-alliance-enjinstarter-x-zigchain-4645234371da" rel="nofollow noopener" target="_blank">recently announced</a> its partnership with Enjinstarter, a leading launchpad specializing in Web3 gaming, artificial intelligence (AI), and decentralized physical infrastructure networks (DePin). The latter has integrated ZIGChain into its existing digital framework, empowering quality projects to achieve smooth Go-to-Market (GTM) transitions as well as successful fundraisers — thereby helping $ZIG’s value soar in the process.&nbsp; 
Additionally, ZIGChain is integrating evmOS, a source-available framework for building customizable/interoperable Proof-of-Stake (PoS) blockchains. This integration brings Ethereum Virtual Machine (EVM) compatibility to ZIGChain, offering developers easy integrations, a robust architecture, ready-to-use IBC connections, and dynamic smart contract capabilities.&nbsp; 
From the outside looking in, the partnership stands to significantly enhance ZIGChain’s appeal for developers, allowing them to create sophisticated investment management tools and wealth generation protocols seamlessly. 
In addition to these major partnerships, ZIGChain has formed strategic alliances with several other key players in the blockchain space. For instance, its <a href="https://x.com/leap_cosmos/status/1792925624308293697" rel="nofollow" target="_blank">partnership with Leap</a>, the Cosmos ecosystem’s largest wallet provider, enables high-quality crypto storage solutions for ZIGChain-based dApps and projects.&nbsp; 
Similarly, its <a href="https://x.com/xswap_link/status/1788957553835049438" rel="nofollow" target="_blank">partnership with XSwap</a>, a leading cross-chain trading ecosystem powered by Chainlink, seeks to facilitate the creation of wealth generation infrastructure possibilities. Lastly, its <a href="https://x.com/Spectre__AI/status/1790746328558977531" rel="nofollow" target="_blank">collaboration with SpectreAI</a>, an AI platform for blockchains, will provide powerful sentiment analysis tools to ZIGChain’s 500,000+ user base. 
<h3 class="wp-block-heading" id="looking-toward-a-financially-sound-future-with-zig">Looking toward a financially sound future with $ZIG</h3> 
As the $ZIG ecosystem continues to innovate, it is set to expand its existing capabilities and attract innovative projects. To this point, as part of its first ‘<a href="https://x.com/zignaly/status/1804209946659078364" rel="nofollow" target="_blank">Buyback &amp; Burn</a>’ program that concluded recently, over $58,000 worth of $ZIG (625,000+ tokens) were burned. At this rate, ZIGChain is primed to burn approximately $1.5 million worth of ZIG annually, reinforcing its deflationary token model.&nbsp; 
To support developers building on the platform, ZIGChain has <a href="https://www.dwf-labs.com/news/360-zignaly-announces-cosmos-based-zigchain-and-100m-ecosystem-fund-backed-by-dwf-labs" rel="nofollow noopener" target="_blank">established a $100 million fund</a> — in partnership with DWF Labs — accelerating ecosystem growth and innovation. Thus, backed by a robust network ready to build on, the project, alongside its native digital asset ($ZIG), stands poised to impact millions of lives by providing accessible and innovative investment opportunities.&nbsp; 
By facilitating the integration of Web2 and Web3 technologies through account abstraction (AA) and gas compression, ZIGChain is breaking down barriers and making wealth-generation opportunities accessible to all. Looking ahead, it is reasonable to assume that we are in for some interesting times!

Despite Shaky Market Conditions, $ZIG Remains Propelled by Partnerships and Future Prospects

Tabla de contenidos

BlockchainReporter

Otros artículos publicados el 3 jul 2024

Andrew Tate’s DADDY Meme Coin Surges 40% Despite Bitcoin Plummeting to $60,000

Barstool’s Dave Portnoy Advise Investors To Stick To Bitcoin

PolitFi Tokens Experience Decline Before Elections

Expert Claims $1k Investment in These Cryptos Today Could Buy a House by 2025

Oasys Partners With Celer To Boost Blockchain Interoperability

Oil King Pepe Hits $7.5 Million, Prepares to Skyrocket Another 18,000% Ahead of KuCoin Listing, a...

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!