ZigZag Prices Rising Higher Since Last Week And Lower Since Yesterday - Where Is The Price Heading? - InsideBitcoins.com

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ZigZag has recently risen to massive fame as a decentralized trading platform that was built with simplicity, reliability, security, and minimum fees in mind. Tokens such as Ethereum, Tether, Chainlink, Storj, WETH, and Maker can be bought and sold on the exchange thanks to ZK Rollups, a layer two solution that facilitates easy token trading, listing, and promotion.

The project has been constantly working towards addressing two concerns that have held back previous decentralized exchanges; They are poorly arranged books and insufficient liquidity.

Simple swaps are not affected by these issues, but trading in larger orders of magnitude sometimes requires returning to the mainnet Ethereum and incurring their fees in order to get the best accessible pooled prices and liquidity. ZK Rollups is a solution to this problem due to its minimal transaction fees. ZigZag hopes to collect enough liquidity so that consumers do not need to pay Ethereum gas fees on the mainnet to be priced at the same price.

The distributed marketplace is live on zkSync, and soon it will start working on the StarkNet exchange as well. Furthermore, ZigZag creates native protocol token to centralize all protocol costs.

More about ZigZag price

Last week as well as this time, the value of ZigZag was $0.37. Since then, as of the time of writing this article, the value of the token has increased by more than 125%, and it is now worth $0.79. However, ZZ had suffered a 14% loss in the previous twenty-four hours.

The cryptocurrency market is experiencing a moderate degree of pessimism. However, the mood around the long-term market outlook remains strong, with some cryptocurrency professionals predicting that ZZ could break the $5 level and reach the $7 mark in 2024.

Is it worth investing in ZigZag?

Your comfort level with risk is the single most important consideration to make before investing in ZigZag. When you look at the price chart on CoinMarketCap, you notice that the ZigZag price has fallen by 14% over the past 24 hours, but over the past week, it is up more than 125%. So, everything hinges on whether or not this investment will help you achieve your trading goals.

It is necessary to keep in mind that the price of ZigZag reached an all-time high of $5.48, last year during the month of December. With these things in mind, you are advised to assess your comfort level with risk before investing in this currency.

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