Upbit Listing for ZETA and OMNI Leads Up to 40% Price Rally

coingapePublished on 2024-05-03Last updated on 2024-05-03

Abstract

South Korea’s largest cryptocurrency exchange Upbit recently announced the listing of two altcoins Zetachain (ZETA) and Omni Network (OMNI) leading to a strong spurt in trading volumes. This has led…

South Korea’s largest cryptocurrency exchange Upbit recently announced the listing of two altcoins Zetachain (ZETA) and Omni Network (OMNI) leading to a strong spurt in trading volumes. This has led to a strong surge in both these crypto assets with prices jumping as high as 40%.

ZetaChain (ZETA) Price Jumps 40%

Soon after the news of listing by Upbit, Zetachain’s native crypto ZETA surged by a staggering 40%. As of press time, ZETA is trading 40.51% high at $1.86 with a market cap of $494,482,651 while the daily trading volume has surged by 91% all the way to $178,546,135. As reported by Upbit, ZETA will be available for trading against Korean Won (KRW), Bitcoin (BTC), and Tether (USDT).

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ZetaChain is a layer 1 mainnet designed to facilitate omnichain smart contracts and foster interconnectivity among diverse blockchain networks. Built on the Cosmos SDK framework, we maintain multiple validators engaged in the block creation process to ensure consensus.

Additionally, we operate observers and signers to facilitate cross-chain communication. Observers gather data from external chains and transmit it to Zeta Chain, while signers manage Zeta Chain accounts on external chains in a decentralized manner using the TSS function. ZETA serves as the native digital asset of Zeta Chain, utilized for various purposes including transaction fee payments, staking and delegation, and engagement in governance processes.

Omni Network (OMNI) Price Jumps 10%

Another altcoin Omi Network (OMNI) has also surged by 10% shooting all the way past $20.5 levels. As of press time, OMNI is trading at $9.47 with a market cap of $202 million and the daily trading volume jumping 110% all the way to $93,829,009. OMNI will be available to trade on Upbit against the BTC and USDT trading pairs.

Omni Network stands as a layer 1 blockchain engineered to foster interoperability among Ethereum rollups, addressing the fragmentation of liquidity, users, and developers brought about by the rapid proliferation of such rollups.

Employing a dual chain architecture, our aim is to facilitate swift and efficient cross-chain transactions through Integrated Consensus and Dual Chain Architecture. Furthermore, as EigenLayer’s Active Validated Service (AVS), it upholds initial protocol stability by integrating an Ethereum-derived security system via ETH restaking.

OMNI, the native token of Omni Network, finds utility in payment of transaction fees, staking and delegation, and active participation in governance processes.

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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How to Buy ZETA

Welcome to HTX.com! We've made purchasing ZetaChain (ZETA) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy ZetaChain (ZETA) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your ZetaChain (ZETA)After purchasing your ZetaChain (ZETA), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade ZetaChain (ZETA)Easily trade ZetaChain (ZETA) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

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