Zap Protocol’s ZAP token has breached the $0.01 mark after surging 42% in the last 24 hours, according to CoinMarketCap data.
This comes just hours after Crypto Intelligence News predicted ZAP, which was trading around $0.007 at the time, to surge over $0.01 within “the coming days or even just hours.”
Looking ahead, ZAP token is well positioned to rally as high as the $0.02-$0.03 mark before the end of March, with a medium-term price target of between $0.20 and $0.45.
Zap Protocol now has a market cap of around $2.4 million, and the token is still more than 100x away from its all-time high, leaving it with plenty of room for growth amid the current bull market.
Bitcoin (BTC), meanwhile is up by around 3.2% over the last 24 hours, currently trading at slightly over $73,200.
The world’s largest cryptocurrency has been rallying as a result of high demand for the recently approved spot Bitcoin ETFs, and the BTC price has increased by over 9% in the last 7 days.
This has propelled the broader cryptocurrency market, with Shiba Inu (SHIB) posting strong gains in the first week of March, but trading sideways in recent days.
Over the last 24 hours, SHIB is up by 1.6%, according to CoinMarketCap data.
SHIB still has lots of upside potential, but with a market cap of $18.8 billion, it will take significant inflows for Shiba Inu’s price to generate a high double-digit increase.
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