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Zig Network Presale Is Live: Investors From Polkadot And Monero Rush To Buy In

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Zig Network Presale Is Live: Investors From Polkadot And Monero Rush To Buy In

Analysts have dubbed Q4 as the potential start of a new altcoin season. Since May 2024, Bitcoin and Ethereum have been far from the top 20 cryptos in performance.

However, Zig Network (ZIG) has made headlines with its first-of-a-kind revenue-sharing blockchain. Polkadot (DOT) and Monero (XMR) investors are buying into Zig Network’s presale after a volatile month-to-date movement from both tokens.  

Polkadot (DOT): Downtrend Continues Amidst Strong Sell Signals

Over the last 30 days, DOT has consolidated between $3.9 and $5.0, briefly reaching a high of $4.96. With a yearly inflation rate of 52.09%, market indicators like the simple moving averages (SMAs) have tilted to a strong sell.

Recent risk analysis highlights that Polkadot, in the last year, has been outperformed by 73 of the top 100 cryptocurrencies. Compared to Zig Network’s ICO, Polkadot (DOT) is falling short of expected growth. The DOT token might decrease by 2.7% in the coming month.

Regulatory Heat Drives Monero (XMR) Holders to Seek Safer Havens

Monero is beginning to feel the heat after popular exchange Kraken moved to delist the token in the European Economic Area following regulatory shifts. The delisting trend has been echoed across other exchanges as privacy coins face increasing scrutiny. 

As a result, XMR has slipped 9.3% in the past month. Despite tracking as high as $182.26 in June 2024, XMR has since struggled to approach the $180 glass ceiling. In a search for market alternatives, Monero holders are pooling into Zig Network to safeguard their investments in a deflationary presale.

Zig Network (ZIG) Redefines DeFi with New Gen Ecosystem

Zig Network is a next-generation DeFi platform that is evolving the crypto landscape by democratizing financial opportunities. Unlike traditional blockchain projects, where a few stakeholders accumulate value, Zig Network actively involves users in revenue distribution, fostering a strong sense of community.

Additionally, Zig Network has taken steps against scams or third-party interference with its secure noncustodial wallet system. With this in place, users maintain full control over their assets and ZIG’s decentralized governance model. 

Participating in Zig Network’s presale offers early investors unique benefits, including access to exclusive features and discounted token prices. In the first stage of the presale, the ZIG token sells for $0.01 apiece. By joining the presale, investors position themselves for future rewards in the expanding DeFi space.

Moreover, a top European firm, SolidProof, has audited the Zig Network (ZIG). For those looking to capitalize on the next big thing in crypto, now is the time to invest in Zig Network. 

To find out more about the Zig Network presale, use the links below:

Participate in the Zig Network Presale

Read the Zignet Whitepaper

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Themarketperiodical and all its authors do not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Themarketperiodical.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

R
Written by
Cryptocurrency Reporter

Ritika Sharma is a cryptocurrency reporter contributing to The Market Periodical. With a background in journalism, she reports on cryptocurrency, Web3, NFTs and other digital assets.

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About this article

PublishedOctober 16, 2024 3:29 pm
Last updatedOctober 16, 2024 3:29 pm
Written byRitika Sharma, Cryptocurrency Reporter
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

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