BitonGroup

Zebec / US Dollar (ZBCUSDT) Token Analysis 11/09/2023

Long
OKX:ZBCUSDT   None
Fundamental Analysis:
Zebec, a pioneer in the realm of streaming finance, enables the seamless and real-time flow of payments and financial transactions for various purposes, including payroll and investments. Founded in 2021, Zebec has attracted significant investments totaling $35 million from prominent companies like Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, among others. Presently, Zebec serves a multitude of companies, orchestrates thousands of continuous payment streams, and has successfully integrated blockchain technology into everyday financial operations.

Zebec's vision extends far beyond web3 applications. The company aspires to create a future where the movement of money is unhindered, granting individuals, businesses, investors, and teams swift and convenient access to funds and tokens. In pursuit of this vision, Zebec leverages its cutting-edge technology to bridge traditional payroll providers with the world of real-time payroll.

Initially established as a decentralized streaming protocol on the Solana blockchain, Zebec has since expanded its presence to other blockchains, including BNB Chain and NEAR. It is actively developing a multi-chain ecosystem to support both traditional and web3 payroll applications. Zebec's current lineup of fintech products and services encompasses real-time payroll, payment cards, and treasury management.

The Zebec Card, the first Solana-based payment card, is currently accessible in the UK and 26 European countries, with plans for release in the US, LatAm, and Asia in the near future. Powered by the Mastercard network and accepted by merchants worldwide, the Zebec Card empowers users to effortlessly convert cryptocurrency payments and savings into fiat currency for everyday expenditures.

Through its technology partnership with Payroll Growth Partners, an investor in US-based payroll companies, Zebec has introduced its real-time payroll technology to a diverse range of real-world businesses. Zebec's paycard technology and real-time payments bridge the gap between cryptocurrency and fiat payments, affording employees flexibility in how they receive their salaries.

Zebec Labs serves as the company's innovation hub and incubator ecosystem, fostering partner projects, protocols, and ventures. A prominent initiative within Zebec Labs is Nautilus.

Nautilus Chain, a high-performance and versatile blockchain, is paving the way for the next generation of DeFi and consumer applications, facilitating a continuous stream of transactions and payments. Nautilus, as the precursor to the forthcoming Zebec Chain, is purpose-built to support and enhance Zebec's global payment flows seamlessly.

The $ZBC token stands as Zebec's utility and governance token. Holders of $ZBC, who are members of the Zebec DAO, play an active role in shaping the protocol's future. They participate in governance decisions, administration matters, and priority-setting, all while earning rewards and enjoying discounted streaming services on Zebec.

The $ZBC token follows a deflationary model, with its total supply decreasing over time. Each month, 50% of protocol profits are allocated to buy back and burn $ZBC tokens, effectively managing its price. For details on DAO Treasury status, refer to this link.

The $ZBC token is actively traded on numerous global exchanges, including Kucoin, Bybit, OKX, Crypto.com, Huobi, Gate, BitMart, Bitget, Gemini, Raydium, Orca, Pancake Swap, OpenOcean, Solstarter, Cropper, Solster, among others, and has a history of being among the top-performing tokens in the market.


Technical Analysis:
We have applied Fibonacci retracement tools, extending from $0 to its all-time high (ATH) of $0.05399. Within this analysis, we have identified potential support and resistance areas on the chart based on the retracement levels.

In addition to the retracement levels, we have utilized Fibonacci projection tools to delineate additional potential support areas below the previous all-time low price. This projection is based on the most recent market cycle. Consequently, we have established three potential support levels at $0.0081 at 85% and $0.00619 which is 88.6% Fibonacci retracement level and ultimately at $0.00265 at 95% .

Furthermore, we have outlined three potential price targets using the Fibonacci retracement levels from the ATH cycle. These targets are anticipated within the next few weeks to months and are as follows:

First Target Price (1 TP): $0.02063
Second Target Price (2 TP): $0.02778
Third Target Price (3 TP): $0.0333

These levels serve as key reference points for our analysis, guiding our expectations for future price movements.



Sentiment Analysis:
Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.