Zap is a blockchain-based protocol that functions as a decentralized infrastructure provider (DePIN) and oracle network. The protocol aims to integrate smart contracts into a wide range of global industries, including finance, insurance, real estate, and shipping.
This article will dive deep into the Zap protocol to understand what it is all about. We shall also explore its native ZAP cryptocurrency, project the token’s price until 2030, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is Zap and How Does it Work?
At its core, Zap is an oracle network that brings together the existing pool of global data with the capabilities of decentralized applications. The protocol has a decentralized data marketplace that employs unique monetization tools to empower individuals from emerging economies.
Zap has positioned itself to become the premier provider of data for smart contracts and stands to potentially monetize any device that is linked to the Internet of Things (IoT). It provides an open platform for creating, sharing, and monetizing deterministic oracles from data feeds. The oracles on Zap can send and receive data and trigger smart contracts on the blockchain.
Zap also serves as a layer-2 scaling solution for Ethereum, as its unique technical structure alleviates network congestion and reduces gas fees. The protocol is designed to provide seamless access to Oracle data across a wide range of global industries, including finance, insurance, real estate, and shipping.
The protocol has an NFT marketplace where users can create and sell digital collectibles. Content creators, artists, influencers, athletes, and celebrities can utilise the marketplace to connect with their fans in new and exciting ways.
The Zap DEX is a decentralised exchange that allows users to trade ERC-20 tokens. The exchange provides fast transaction times and low fees compared to many existing trading platforms like Coinbase or Binance. The DEX is also non-custodial, meaning that your coins remain safe in your wallet until they are traded in a P2P transaction with another party.
What is the ZAP Token?
ZAP is the native utility and governance cryptocurrency of the Zap network. The ERC-20 token is interoperable with protocols on the Ethereum blockchain and can be traded for any other ERC-20 token on compatible exchanges.
Token holders also gain the right to vote on key development decisions taken by the team to upgrade the protocol. ZAP is also used to pay fees and for transacting on the Zap network.
ZAP has a total supply of 520 million tokens, out of which, 236.144 million ZAP are currently in circulation. The cryptocurrency has a market capitalization of $1.05 million and attained a 24-hour trading volume of $2,500.
ZAP Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, ZAP is trading at $0.00448 – up 8.71% over the last 24 hours. Based on its current valuation, we have projected its minimum, maximum, and average trading price between 2024 and 2030.
Please note that the figures given below are purely speculative and could change depending on the market conditions impacting ZAP.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 2024 | $0.00401 | $0.00935 | $0.00982 |
| 2025 | $0.00963 | $0.0112 | $0.0115 |
| 2026 | $0.0132 | $0.0153 | $0.0163 |
| 2027 | $0.0172 | $0.0203 | $0.0206 |
| 2028 | $0.0212 | $0.0241 | $0.0244 |
| 2029 | $0.0302 | $0.0332 | $0.0334 |
| 2030 | $0.0437 | $0.0455 | $0.0466 |
Where to Buy Zap (ZAP) Tokens?
ZAP tokens can be purchased and traded on the following cryptocurrency exchanges:
Is Zap Protocol (ZAP) a Credible Cryptocurrency Investment?
Zap is a decentralised infrastructure provider on Ethereum that is also its layer-2 scaling solution. The protocol is an oracle that collects data from real-world sources across industries and feeds it to smart contracts. This data can be used to introduce smart contract functionality in shipping, logistics, finance, insurance, and real estate.
Looking at the ZAP token’s future price performance, it is apparent that the project is on an upward trajectory and could get a big break once smart contracts and blockchain become mainstream. All things considered, I would recommend ZAP as a credible cryptocurrency investment for the long term.
However, as is the case with every cryptocurrency, ZAP is also prone to extreme price fluctuations. Therefore, you must conduct thorough research before making any investment decision regarding the Zap protocol or its ZAP token.
Read more: Atlas Navi (NAVI) Price Prediction 2024-2030, Where To Buy.
