Ethereum

Rally

ZetaChain

Omni Network

Omni

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%. 
<h3 id="zetachain-zeta-price-jumps-40">ZetaChain (ZETA) Price Jumps 40%</h3> 
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). 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 ZetaChain(ZETA), Omni Network(OMNI) Market Support 
 – ZetaChain(ZETA) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Supported Market: KRW, BTC, USDT Market <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c5.png" alt="📅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Trading opens at: 2024-05-03 18:00 KST (estimated time) 
 – Omni Network(OMNI) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Supported Market: BTC, USDT Market <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c5.png" alt="📅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Trading opens at: 2024-05-03 19:00 KST… <a href="https://t.co/i1Ltypj5Xl">pic.twitter.com/i1Ltypj5Xl</a> 
 — Upbit Korea (@Official_Upbit) <a href="https://twitter.com/Official_Upbit/status/1786275316312490175?ref_src=twsrc%5Etfw">May 3, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<a href="https://coingape.com/zetachain-zeta-price-jump-150-on-debut-whats-behind-the-rally/" target="_blank" rel="noopener">ZetaChain</a> 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. 
<h3 id="omni-network-omni-price-jumps-10">Omni Network (OMNI) Price Jumps 10%</h3> 
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. 
<a href="https://coingape.com/omni-network-omni-hit-with-intense-volatility-as-coinbase-unveils-listing/" target="_blank" rel="noopener">Omni Network</a> 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. 
The post <a href="https://coingape.com/upbit-listing-for-zeta-and-omni-leads-up-to-40-price-rally/">Upbit Listing for ZETA and OMNI Leads Up to 40% Price Rally</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

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

Table of Contents

Coingape News Media

Other articles published on May 3, 2024

NFTBank Launches NFTBank V2 to Enhance NFT Portfolio and Web3 Game Treasury Management (3 May)

Shibarium (SHIB) Transaction Fees Skyrocket by 500%, Bitcoin (BTC) Concludes Correction Phase, Un...

How Does Bitcoin Respond to Market Shocks?

Spot Bitcoin ETFs Experience Significant Outflows

New regulations coming into force now enable UK law enforcement agencies to seize cryptocurrency ...

Legendary Crypto Analyst Say Ethereum ETF Is Not Going To Be Approve In May, August Deadlines in ...

Join our free newsletter for daily crypto updates!