Nick Spanos, a crypto veteran and the founder of Zap Protocol, has revealed that the blockchain project is close to finalizing a number of “huge deals.”
These landmark deals will incorporate some of Zap Protocol’s current offerings, which include ZapOracles, ZapDEX and ZapNFT.
Spanos, who also founded the Bitcoin Center NYC – the world’s first physical Bitcoin exchange – back in 2013, provided the update to Zap investors via the project’s official Telegram channel.
He also noted that he previously met with the President of Senegal, Macky Sall, and ZAP Protocol had agreed a pilot agreement with the country, before the Central bank of West Africa blocked the deal.
This comes amid increased bullish sentiment for Zap’s token, which trades on Bitrue and a number of decentralized exchanges.
Specifically, Zap has rallied over 160% in the last month, reaching $0.0084 according to CoinMarketCap data.
Despite the rally, the token’s market cap stands at just $2 million, meaning Zap has huge upside potential and is poised to rally in line with the broader cryptocurrency market, even without any project-specific bullish catalysts.
A conservative price prediction is for Zap to reach $0.25-$0.65 before the end of 2024, and potentially breach the $1 mark if a few project-specific catalysts come to fruition.
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