The cryptocurrency market has been a rollercoaster of activity recently, with Bitcoin at the center of the action. In the early hours of Monday, Bitcoin (BTC), the world’s first and most valued cryptocurrency, saw a dip below the $41,000 mark as outflows from the Grayscale Bitcoin Trust (GBTC) intensified. This downturn was reflected across other major cryptocurrencies including Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), Polygon (MATIC), and Litecoin (LTC), all of which experienced a decline in their values. Despite the widespread downturn, Zeebu’s token (ZBU) defied the trend, registering a surge of over 12 percent in the last 24 hours.
Ever since the beginning of 2024, the Altcoin market has been witnessing a remarkable surge. Solana emerged as one of the best-performing assets with its impressive rally, securing its position as the fifth-largest cryptocurrency by market cap, surpassing Ripple (XRP). Conversely, Polygon (MATIC) has struggled to generate positive momentum over the past year, despite the overall surge in the altcoin market. Consequently, investors are shifting their focus towards potential early-stage gems backed by solid fundamentals and growth prospects, and Zeebu appears to be a promising choice.
Amid market turmoil that saw many crypto assets experiencing a dip in their prices, Zeebu has managed to hold its ground and continue its upward trajectory. This resilience has caught the attention of investors, who are now viewing Zeebu as a promising choice in the crypto space.
In a cryptocurrency market where Bitcoin is currently trading at around $40k, the Altcoin Season Index signals the advent of the Altcoin season. As we enter the altcoin season, the Index stands out at the 76 mark, prompting investors and industry experts to gravitate towards new altcoins. The prevailing bold prediction suggests that the prices of many altcoins, aside from BTC, demonstrate superior growth metrics compared to the leading cryptocurrency.
Source: Altcoin Season Index
The ongoing positive developments in the altcoin season are fueling excitement in the crypto market. At the same time, Zeebu, established as a Web3 Neobank in the telecom industry, is gaining prominence, drawing interest from significant coin holders eager to diversify their investment with its native cryptocurrency, ZBU.
In January 2023, Solana (SOL) faced significant selling pressure, slipping to the 17th position with a $3.6 billion market cap. As the altcoin season approached, the SOL token rebounded and secured its position as the fifth-largest cryptocurrency by market cap, surpassing Ripple (XRP). Presently, SOL's market cap is around $38 billion.
Despite the impressive performance exhibited by the SOL token in recent months, the comparatively lackluster showing of Polygon's (MATIC) has sparked concerns. This has led to the speculation that large investors, or whales, may be opting to exit MATIC in favour of tokens with higher potential for growth. This concern is exacerbated by MATIC prices remaining unchanged, with a 22% loss over the past 12 months.
Zeebu has gathered attention from industry experts and prominent coin holders since its introduction, thanks to its transformative impact on finance within the telecom industry through an innovative B2B settlement platform. Before Zeebu's introduction, telecom carriers, operators, and businesses grappled with challenges like lengthy remittance delays in cross-border payments, settlement fraud, lack of transparency, absence of traceability options, and more. Zeebu addresses these challenges, bridging the gap between conventional finance and contemporary payment solutions through its revolutionary platform.
Zeebu eliminates the need for intermediaries like banks and financial institutions, addressing these long-standing issues by incorporating Blockchain technology into its platform. The rapid recognition stems from its loyalty rewards system. Telecom businesses or enterprises can earn rewards after each successful transaction or settlement. This loyalty reward system has fueled the swift adoption of Zeebu's on-chain platform and its loyalty token on a global scale.
ZBU token entered the market in the third quarter of 2023, and early investors seized the opportunity to accumulate it from $0.5, riding the bullish trend to an impressive new all-time high of $3.5. This exceptional performance translated into a more than 300% return over the past few months, surpassing the growth seen in Polygon (MATIC) crypto. Investors express satisfaction with its consistent rally, deeming it a resilient crypto gem poised for success in 2024.
Source: Tradingview
Undoubtedly, ZBU holds immense potential to emerge as a crypto gem in 2024. The price chart signals an imminent rally, as the pivotal RSI indicator rebounded from the middle (50 mark) in the previous week and is now trending towards higher territory. This bullish sign is expected to fuel the accumulation of ZBU tokens, with a similar price pattern having delivered outstanding returns in recent months. Looking ahead, the ZBU token is anticipated to reach $4.0 as an immediate upside level in the coming weeks.
Furthermore, the 50-day moving average serves as a crucial demand zone. From a long-term perspective, this 50-DMA is anticipated to support the Zeebu token (ZBU) in its pursuit of the key psychological milestone of $10 this year.
A substantial number of large-cap coin holders have accumulated #Zeebu ($ZBU) tokens. Industry experts and analysts are drawn to the technical and fundamental aspects of ZBU token, given its growing transaction volume, low market cap, and real-world use case. ZBU emerges as a contender in 2024, poised to deliver significant returns throughout the year.
Also Read: When is The Next Bitcoin Halving And Its Impact on Bitcoin
