ZetaChain (ZETA) Price Prediction 2024-2030: Will ZETA Price Hit $5 Soon?

• Bullish ZetaChain (ZETA) price prediction ranges from $1.8 to $5.
• Analysis suggests that the ZETA price might reach above $4.
• The ZETA bearish market price prediction for 2024 is $0.87.

What is ZetaChain (ZETA)?

ZetaChain is a blockchain with generic omnichain smart contract support that connects both smart contract blockchains such as Ethereum, Ethereum L2 rollups, Solana, Terra, and Algorand, and even non-smart contract blockchains such as Bitcoin and Dogecoin. ZetaChain’s mainnet went live on February 1, 2024. 

ZetaChain is constructed around a proof-of-stake blockchain, featuring observers and signers exclusively dedicated to external blockchains. These observers actively survey external chains for pertinent events, transactions, and states at specific intervals, establishing consensus on observations within the ZetaChain blockchain.

The collective signers hold a consolidated Threshold Signature Scheme (TSS) key, allowing them to transmit authenticated messages to external chains. Moreover, they can handle assets like regular accounts/addresses on external chains.

ZetaChain’s smart contracts are designed to accommodate versatile logic, executing conditionally based on events originating from external chains. These contracts possess the capability to directly modify external chain states through TSS-signed transactions.

This architectural approach empowers ZetaChain to streamline the development of omnichain decentralized applications (dApps) that seamlessly and directly engage with various blockchains. Notably, this is achieved without the necessity of wrapping or bridging any assets.

ZetaChain (ZETA) Current Market Status

ZetaChain (ZETA) has a circulating supply of 236,468,750 ZETA, while its maximum supply is 2,100,000,000 ZETA, according to CoinMarketCap. At the time of writing, ZETA is trading at $1.50, representing a 24-hour increase of 7.67%. The trading volume of ZETA in the past 24 hours has been $84,605,406, which represents an 11.91% decrease.

Some top cryptocurrency exchanges for trading ZetaChain (ZETA) are Binance, OKX, Bybit, Bitget, and BingX.

Now that you know ZetaChain and its current market status, we shall discuss the price analysis of ZetaChain (ZETA) for 2024.

ZetaChain (ZETA) Price Analysis 2024

Will the ZETA blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in trends and the behavior of traders in the crypto industry affect ZETA’s sentiment over time? Read more to find out about ZETA’s 2024 price analysis.

ZetaChain (ZETA) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band, as shown in the chart, is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

When this setup is used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. 

The above thesis is derived from an empirical law also known as the three-sigma rule, or 68-95-99.7, which states that almost all observed data for a normal distribution (Gaussian distribution) will fall within three standard deviations. 

As such, for a data set that follows a normal distribution, 68% of the data will fall within one standard deviation of the mean, while 95% of the data for the normal distribution will fall within two standard deviations of the mean, and 99.7% of the data will fall within three standard deviations of the mean. 

Hence, as the Bollinger bands are calculated using two standard deviations, we could expect ZETA to abide within the Bollinger bands 95% of the time. (i.e., whenever the cryptocurrency touches the upper band, the chances of it coming down are 95%.). This concept applies vice-versa as well. 

Moreover, the sections highlighted by red rectangles show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility.

Additionally, the green rectangles represent a distinct occasion where ZETA hugged the lower band. When this happens, the market is oversold.

The above chart shows how ZETA reached $1.8 from as low as $0.6 within a short period. However, after reaching $1.8, the token has been losing value, as shown by the red patch of the Bollinger band trend indicator. After reaching a new equilibrium between supply and demand, ZETA was consolidating. 

Moreover, ZETA was recently hugging the upper Bollinger band. However, since it was overbought, the price has retraced, and ZETA has moved away from the upper band. It may test the SMA if the fall continues. 

The Bollinger band width percentile (BBWP), which represents the bandwidth in percentage, reads a value of 57, and the line seems to be heading downward. This shows that the bands could contract in the upcoming days.  

However, the Bollinger bandwidth percentile line has dropped below the SMA. This shows that the bandwidth is below the average it should be. This hints that there could be more volatility contrary to the thesis stated in the above paragraph. Hence, traders may need to let the market saturate or wait for the market to move before entering a position.  

ZetaChain (ZETA) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line, which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish, and if it’s below the SMA, then it is bearish. 

When considering the first green rectangle from the left of the chart, we can see that the RSI is below the signal. Hence, ZETA is bearish, and as a result, it is making lower lows. The second green rectangle shows that the RSI line (purple) is above the signal line (yellow). As such, ZETA is bullish or gaining value. Therefore, it is reaching higher highs, as shown in the chart. 

Currently, the RSI reads a value of 56 and the line seems to be heading downwards. Since the RSI is neither overbought nor oversold, the trend could be considered neutral. However, the RSI has dropped below the signal line, and the question is, will the low that the RSI reaches be higher or lower than the recent low?  

The RSI bands used in the chart above copy the same concept as the Bollinger bands. When the token touches the upper band, it is overbought, and when the token touches the lower band, it is oversold. Currently, the bands are widening, and ZETA has retraced after touching the upper Bollinger band. It may reach the SMA and rebound in either direction. 

Moreover, the RSI-VWAP indicator, which considers the volume along with the RSI, reads a  value of 79. It is almost touching the overbought zone. However, as the line is parallel to the horizontal axis, there is a possibility that ZETA might not crossover to the overbought region. 

ZetaChain (ZETA) Price Analysis – Moving Average Convergence and Divergence (MACD)

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-day EMA, and the shorter is the 12-day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive, that means the crypto is performing well, but if it’s negative, then it is losing value.

The above chart shows two occasions where the MACD was in the positive and negative zones. Furthermore, the MACD has a signal line that is an average of the MACD. This helps the user adjudicate how well the MACD is doing compared to the signal. 

Currently, the MACD reads a value of 0.019, and the line has crossed below the signal. This shows that the MACD is underperforming and below the average. Since it is heading downward, there is a high chance that the MACD could reach the zero level if buyers don’t intervene.

The chart above uses the MACD heat map, which turns red when there’s a downtrend and green when the uptrend is on. Currently, ZETA is entering the red zone after being in the green zone for some time. ZETA, which was above both moving averages, is now being supported by the 26-day EMA. If ZETA is not supported by the 26-day EMA, it may fall below $1.4. 

Meanwhile, the Volume Weighted Average (VWA) for the 26-day and 12-day is 0.019 and 0.016, respectively. The volume-weighted average considers the volume apart from the prices. Hence, when comparing the 12-day EMA and 26-day EMA with the 12-day VWA and 26-day VWA, it could be seen that before the 12-day EMA and the 26-day EMA crossed, the VWA’s of both EMA’s crossed. 

The 12-day VWA has crossed below the 26-day VWA, showing that the volume is dwindling. This could lead to a drop in prices. Hence, the 12-day EMA might cross below the 26-day EMA in the days to come.  

ZetaChain (ZETA) Price Prediction 2024-2030 Overview

ZetaChain (ZETA) Price Prediction 2024

The above chart shows that the ZETA made lower highs and lower lows after touching the resistance 1 level at $1.80. This downtrend continued until it reached the support level. After reaching the support level of $1.37, there was some consolidation.

However, after a period of consolidation, ZETA is currently rising along a new gradient. If the buyers keep entering the market, the token can reach above $2.0 shortly. When the token gets more exposure and the buyer sees the potential in the ecosystem, they might invest in ZETA. As such, in the long term, ZETA could reach above $4.

The purple line in the chart above shows the possible trajectory that ZETA could take if it were to fall down. However, since ZETA is rising along the white lines, the bears might need to pull out something special. Usually, the bears stand no chance, at least during the initial stages of the inauguration of a token. 

Nonetheless, if ZETA crashes, it might first test the support level at $1.13, and if that support level doesn’t hold, ZETA could crash to $0.87.    

ZetaChain (ZETA) Price Prediction 2025

ZETA may still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ZETA will continue to rise in 2025, forming new resistance levels. It is expected that ZETA would trade beyond the $15 level.

ZetaChain (ZETA) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, ZETA could tumble into its support regions. During this period of price correction, ZETA could lose momentum and be a little below its 2025 price. As such, it could be trading at $18 by 2026. 

ZetaChain (ZETA) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. We could expect ZETA to trade at around $23 by the end of 2027. 

ZetaChain (ZETA) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, ZETA will continue to form new higher highs and is expected to move in an upward trajectory. Hence, ZETA would be trading at $30 after experiencing a massive surge by the end of 2028. 

ZetaChain (ZETA) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ZETA could be trading at $41 by the end of 2029.

ZetaChain (ZETA) Price Prediction 2030

After witnessing a bullish run in the market, ZETA and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ZETA could be trading at $48.

ZetaChain (ZETA) Price Prediction 2040

The long-term forecast for ZETA indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. 

If they start selling, then ZETA could fall in value. It is expected that the average price of ZETA could reach $55 by 2040.

ZetaChain (ZETA) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ZETA could hit $75. 

Conclusion

If investors continue to show interest in ZETA and add these tokens to their portfolio, then it could continue to rise. ZETA’s bullish price prediction shows that it could reach the $5 level. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.