ZetaChain Listing on Coinbase Drives 20% Rally

Zetachain (ZETA) has been included to the roadmap by Coinbase, one of the largest cryptocurrency exchanges worldwide. Zetachain’s value surged by 20% in the wake of the news, indicating increased investor anticipation and interest.

ZETA Soars Amid Listing Hype

Zetachain saw a significant 20% price increase to $0.5544 following Coinbase’s announcement. This response emphasizes the substantial influence of such listing announcements on market dynamics. For Zetachain, the price has stabilized for now after the close to 20% gains.

The addition of Zetachain to Coinbase’s roadmap is an important part of a bigger strategy to provide its users with access to a greater variety of assets and investment options.

As part of its efforts to make things clearer and more open for buyers, the exchange has been actively improving the way assets are listed. This is clear from the fact that the “assets under consideration” list has been replaced with the new “Roadmap” part, which shows real-time updates on assets that have been identified to be listed.

By providing early visibility into potential listings, Coinbase enables investors to make more informed decisions, contributing to a more transparent and efficient market environment.

Despite the excitement surrounding the Zetachain roadmap listing, Coinbase has issued a cautionary note to users.

The exchange emphasized that trading and transfers of Zetachain and other roadmap assets will not be supported until an official listing is announced. This warning is crucial for investors to avoid premature actions that could result in permanent loss of funds.

ZETA Price Action | Source: Trading View

Also, Coinbase has added an experimental label for recently listed assets. This label could be used for Zetachain when it is officially listed. The label helps investors recognize that the product is still in its early stages. It may come with higher risks as well as possible rewards.

ZetaChain’s Technological Advancements

In terms of its own technology advancement, Zetachain has been making headway. Zetachain announced big updates to its “Universal Apps” on July 18. These updates make cross-chain apps more practical and accessible.

The upgrade, dubbed Gateway, provides a single interface (API) for developers to interact with different blockchains. This centralized hub simplifies the management of multiple blockchain connections, streamlining the development process for cross-chain applications.

Additionally, the new Localnet development environment allows for faster app creation and testing. In turn, simulating a single-chain experience even though the apps function across multiple blockchains.

These advancements in Zetachain’s infrastructure are designed to make Universal Apps a reality. These are smart contracts capable of interacting with any blockchain. They enable users to send and receive tokens, messages, and contract calls across different chains.

For example, a Bitcoin user can send USDC to someone on the Ethereum blockchain without needing to interact with both chains separately. Similarly, an Ethereum user can buy an NFT on Zetachain and send it to their account on the Binance Smart Chain in a single step.