Altcoins
Altcoin set for a surge to $10
In a world where digital transformation is reshaping industries at breakneck speed, the cryptocurrency market is at a critical stage, evolving beyond its reputation as a volatile trading hub. As the cryptocurrency market continues to mature, investors are increasingly shifting their focus from hype-driven tokens to projects with solid fundamentals and real-world applications. This shift comes on the heels of recent market downturns that have left many new altcoins struggling to maintain their value. In this challenging environment, Zeebu has demonstrated remarkable resilience.
Unlike many of its peers that have faltered under bearish trends, Zeebu has maintained relatively stable price levels, reflecting its strong foundation and investor confidence. Zeebu’s appeal lies in its unique proposition as a Web3 payment and settlement platform specifically designed for the telecom industry. This innovative approach has not only caught the attention of investors but has also garnered significant interest from analysts, positioning Zeebu as a prominent player in the maturing cryptocurrency market.
Why Investors Are Flocking Into New Altcoins
Major cryptocurrencies like Bitcoin, Ethereum, and Binance have been largely stagnant in recent months, often experiencing significant price drops. In contrast, tokens with strong fundamentals, like Zeebu, are poised to surpass their previous highs, buoyed by solid performance and platform adoption.
In a stunning display of rapid growth, Zeebu has gone from obscurity to prominence in the cryptocurrency market, rising from #2000 to #202 on CoinMarketCap in just a few months. The company’s innovative Web3 payment platform has caught the attention of investors, pushing its market cap to an impressive $1.54 billion.
Zeebu’s B2B settlement platform is revolutionizing the telecom finance landscape by offering a decentralized alternative to traditional processes. The platform addresses critical pain points in the industry, including remittance delays, opaque transactions, exorbitant fees, single points of failure, and fraud risks.
Industry insiders are watching closely as Zeebu approaches a significant milestone: $3 billion in transaction volume. This achievement would underscore the platform’s growing dominance in the telecom industry and its potential to reshape industry standards.
The numbers speak volumes about Zeebu’s impact:
- Over 51,195 invoices have been successfully paid
- Nearly 491 global companies and telecom companies have been integrated
- Market cap rises to $1.54 billion
These numbers highlight the accelerated shift from traditional finance to decentralized solutions in the telecom industry. As more and more companies recognize the benefits of Zeebu’s Web3 platform, experts predict continued growth and adoption.
Bullish price structure of ZBU token indicates an impending bull run
Zeebu’s native token, ZBU, is currently trading at $4.70 against the USDT pair, reflecting a 1% gain in the last 24 hours. This rally is likely driven by a 21% increase in overnight trading volume, signaling aggressive buyers ahead of a potential price surge.
Starting from a base of $0.80, ZBU token established a strong bullish price structure characterized by higher highs and higher lows, reaching an all-time high of $4.89, a remarkable 500% gain in just a few months. In contrast, new tokens that relied heavily on social media hype have left investors disappointed after the recent market downturn.
Uncovering the Bullish Price Structure
Source: Commercial view
Second Trading ViewThe daily price chart of ZBU token shows the formation of an ascending triangle pattern. A similar pattern was observed in Ripple’s XRP token between November 2020 and March 2021, prior to XRP’s price peak of $1.96. The ZBU token recently bounced off the support trendline of this triangle pattern, suggesting the potential for another bullish rally.
ZBU has several key demand zones: immediate support at $4.4, followed by $4.0 and $3.4, which could help reverse any selling pressure. The coin has faced multiple rejections at the $4.89 level, but this time the probability of a breakout towards the $10 milestone is high.
Bullish technical indicators
On the daily price chart, ZBU token is trading above all critical moving averages (20, 50, 100, and 200), indicating a strong uptrend ahead.
The RSI indicator is at 52, moving towards the upper zone, which could support a long-awaited price breakout.
Furthermore, the MACD has recently returned to positive territory, further indicating a favorable trend for the ZBU token.
Conclusion
Zeebu’s payment platform stands out in the telecom industry for its ability to facilitate fast cross-border transactions with high security, transparency, and traceability, all while maintaining convenient and seamless transactions through blockchain technology. These features make it a unique and fundamentally strong DeFi platform.
Echoing its strong fundamentals, ZBU token’s impressive price performance and bullish technical indicators promise substantial returns in the 2024 bull run. Price predictions suggest that ZBU token is poised to hit the next milestone of $10.