Especially given the constant change in cryptocurrency, ZAP – an in-app token of ZAP protocol, has not only proven sustainability but also performance in the recent activities. ZAP is presently occupying the 3356 position in the market capitalization list with a value of $0.08563 for one ZAP after experiencing a risen of 0.48% per the last 24 hours.
Currently, ZAP has a slightly higher market capitalization of about $5.48 million making it one of the middle-tier cryptos. The token has also experienced a massive trading volume, where $206,040 worth of ZAP has been exchanged within the last one day, 38.83% up. This increase appears to prove that there is a growing interest in the token, as activity around it increases.
The ZAP protocol, in which the token operates, uses a web3 token distribution model. Currently, it provides three main products that allow users to find, mine, and use tokens on the blockchain. These are ZAP Drops – a decentralized mission-based airdrop platform; ZAP Launch – a token distributing and pre-DEX trading platform; and ZAP Labs – where users can explore and invest in new tokens before Initial Coin Offerings (ICOs).
And one of the most important ratios valued by investors is the volume to market cap ratio, and in the situation with ZAP it equals 3.76%. This figure gives a perspective on the amount of trading activity of the token against the size of the market. Sometimes it means that asset is more liquid and actively trading if there is higher ratio between current asset and current liabilities.
Looking at the ZAP token distribution, one gets to realize that the total number of tokens, as well as the maximal supply of the token is 350 million. This fixed supply model is made with an intention of deliberately making it scarce, to possibly back long term value. Of this total, 63.75 million of ZZAP tokens is claimed to be in circulation making up approximately 18.2% of the offer to circulate.
The FDV places the market cap of ZAP at $29. 97 million, assuming that all of its tokens are in circulation. This figure gives an idea of the token price in the future in case of the future distribution of all the tokens.
The overall trading volume shows that the buyer and seller pressure at ZAP has somehow neutralized each other within a week, resulting in a moderate price change. This stability could be appealing to those investors searching for long-term growth opportunities in digital currencies without those massive highs and lows.
This puts the ZAP protocol in a niche in the world of cryptocurrencies because it primarily deals with token distribution and deployment. It becomes more interesting as the mechanism for launching tokens and distributing them within the framework of the blockchain industry becomes deeper; other platforms that deal with the launch and distribution of tokens could start playing an important role in the entire crypto economy.
That is why investors and fans of cryptocurrencies will follow the ZAP behavior in the near future. Perhaps increased trading volume signifies that more people are interested in the ZAP protocol and all the things it offers.
Like virtually all cryptocurrencies, it is recommended that any kind of investment should be thoroughly researched and the inherent risk in investing in digital assets understood. Cryptocurrency market is generally unpredictable and those tokens that may seem stable can experience sharp fluctuations in their price.
The coming period will be very decisive for ZAP since it will have to aggressively grown its community and expand the usage of the protocol. The token share price will probably significantly depend on the rate of adoption and effectiveness of all the products and services offered within the ZAP platform.
Thus, as the crypto market evolves, primitive tokens such as ZAP, that have definite application within given environments, can more likely become popular. But their overall performance will only be determined by their effectiveness in giving value-back to users and the rest of the blockchain ecosystem.
+ There are no comments
Add yours