Token

ZetaChain

Waves

Million

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/zetachains-native-token-zeta-makes-waves-in-crypto-market/" data-wpel-link="internal">ZetaChain’s Native Token ZETA Makes Waves in Crypto Market</a><br></p>
<p style="text-align: justify">ZetaChain, a prominent platform in the Layer-1 space, made a significant impact in the crypto market after its native token ZETA soared over 150% on its first day of trading. However, as of Friday, the price reached a level of $1.81, and it was observed that ZETA began to consolidate.</p> 
<h2 style="text-align: justify" id="1-81-million-evaporated">$1.81 Million Evaporated</h2> 
<p style="text-align: justify">According to the latest liquidation data provided by CoinGlass, the total liquidation value that emerged over a 24-hour period amounted to $1.78 million. Breaking it down, long positions constituted $1.09 million, while short positions contributed $691,11 thousand to the overall liquidation figure.</p> 
<p style="text-align: justify">During the liquidation period, there was also a 39.99% decrease in trading volume, which fell to $799.26 million. Despite the drop in trading volume, the number of open positions saw a 21.65% increase, reaching $40.13 million, indicating that investor interest had not waned.</p> 
<p style="text-align: justify">ZetaChain, which supports multiple chains including EVM, Cosmos/IBC, Bitcoin, Dogecoin, Tron, and others, aims to facilitate seamless data and native value transfers between various blockchains.</p> 
<p style="text-align: justify">In addition to cross-chain features, ZetaChain also announced native support for smart contracts.</p> 
<p style="text-align: justify">As a result of these developments, developers will be able to create omnichain dApps that can optimally manage investments across multiple chains using a single contract, aiming for a more efficient application.</p> 
<h2 style="text-align: justify" id="zeta-gets-listed-on-exchanges">ZETA Gets Listed on Exchanges</h2> 
<p style="text-align: justify">Amidst these price movements, <a href="https://en.coin-turk.com/binance-faces-uncertainty-in-obtaining-crypto-license-in-hong-kong/" data-wpel-link="internal">Binance</a> and Coinbase maintained their leading positions by announcing the listing of ZetaChain’s native token ZETA. Following them, OKX exchange announced that ZETA/USDT perpetual futures would be available on February 2nd at 3:30 AM (UTC), with up to 50x leverage.</p> 
<p style="text-align: justify">OKX also activated margin trading and Earn features for the ZETA token on the same date. This development came after the ZETA/USDT pair was listed on OKX’s spot cryptocurrency market on February 1st at 3:00 AM (UTC).</p> 
<p style="text-align: justify">In a statement by ZetaChain, it was mentioned that the ZETA airdrop is still active, and users were reminded to add their wallets to the claim list before claiming their ZETA tokens.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-310751" src="https://coin-turk.com/wp-content/uploads/2024/02/zeta-coin-turk-com.jpg" alt="" width="492" height="707"></p> 
<p style="text-align: justify">Some market analysts suggest that after the current consolidation phase, the ZETA price rally could resume and potentially reach $5.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/zetachains-native-token-zeta-makes-waves-in-crypto-market/" data-wpel-link="internal">ZetaChain’s Native Token ZETA Makes Waves in Crypto Market</a></h5>

ZetaChain’s Native Token ZETA Makes Waves in Crypto Market

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