ZAMA (Zama) down 20.31% in the last 24 hours

ZAMA-3,14%

Gate News Bot Message, February 3rd, according to CoinMarketCap data, as of press time, ZAMA (Zama) is currently priced at $0.04, down 20.31% in the past 24 hours, with a high of $0.05 and a low of $0.03. The 24-hour trading volume reached $205 million. The current market cap is approximately $79.1 million, a decrease of about $20.17 million from yesterday.

Zama is an open-source cryptographic protocol that implements confidential smart contracts on any L1 or L2 using Fully Homomorphic Encryption (FHE) technology. The Zama protocol keeps on-chain data encrypted throughout processing, while utilizing co-processors to transfer FHE computations off the base chain, maintaining low gas fees and enabling horizontal scalability and publicly verifiable operations.

The protocol introduces a variety of new use cases for DeFi applications, including confidential token swaps, lending, yield farming, confidential stablecoin trading, self-custody banking, confidential token issuance, RWA tokenization, and sealed auctions. Zama offers a simple developer experience, allowing developers to build applications using traditional Solidity toolchains and euint data types, supporting programmable compliance. Currently, Zama is the fastest FHE protocol, capable of handling 20 TPS, with plans to reach 1,000 TPS next year, and future FHE ASICs will support over 10,000 TPS. The Zama protocol has been launched on the mainnet.

Important recent updates on ZAMA:

1️⃣ Price pressure emerges, pre-market price drops below community public sale price
ZAMA’s pre-market contract price fell below the community public sale price of $0.05, dropping to $0.043, nearly a 10% decrease in 24 hours. The community public sale attracted 7,651 investors and raised $121 million. The price falling below the listing price indicates that primary market investors face potential unrealized losses, reflecting market caution towards the current valuation.

2️⃣ Market expectations for FDV valuation after launch are divided
Market predictions show a 73% probability that ZAMA’s FDV will exceed $500 million on the first day after launch, a 94% chance of exceeding $400 million, but only a 37% chance of surpassing $600 million. The prediction market’s trading volume is about $3 million, indicating significant divergence in expectations for the future trend, with most traders remaining cautious and limited confidence in substantial upside potential.

Currently, ZAMA has retreated from the high of $0.05 to the $0.04 range, facing dual pressures of potential price decline and profit-taking in the short term. Investors’ risk assessment for newly listed tokens has increased.

This message is not investment advice. Please be aware of market volatility risks.

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