As Christmas approaches, the Zether blockchain continues to grow, despite some recent price corrections. Here’s everything you need to know about the latest happenings in the Zether ecosystem.
Block #327,000 Discovered: A Milestone and Impending Reward Reduction
Today, Zether miners discovered block #327,000, marking a significant moment for the network. The current mining reward of 7,000 ZTH per block is set to drop to 6,000 ZTH in just 10 days, estimated around December 28/29, 2024. This reduction aligns with Zether’s aggressive deflationary model, reducing daily emissions from 50M ZTH to 43M ZTH.
- Circulating Supply: 3,039,873,900 ZTH
- Current Price: $0.0005 per ZTH
- Market Cap: $1.6M
Notably, Zether has already distributed 50% of its maximum supply in just 49 days. This rapid distribution pace underscores the blockchain’s high early adoption, but it also poses challenges for maintaining price stability under high emissions.
Price Analysis: Correction or New Buying Opportunity?
Over the past few days, Zether’s price has corrected sharply from its all-time high of $0.00128 to the current range of $0.0005–$0.0006. This drop represents a 60% retracement, a significant move that reflects both natural profit-taking and reduced demand during the holiday season.
Volume Analysis
Looking at the provided chart, we see a clear story:
- December 10-13th Rally: Zether experienced a massive surge in price and volume, coinciding with the Coingecko listing and general ecosystem excitement. This rally saw volumes spike above 50M ZTH traded daily, pushing the price to its ATH of $0.00128.
- Post-Rally Sell-Off: Following the peak, trading volumes declined sharply, with a notable lack of buyer support around the $0.0008 level. Sellers dominated, driving the price down as the market cleaned out excess speculative positions.
- Stabilization Zone: Over the last 48 hours, the price has begun consolidating around $0.0006. Volume has stabilized near 36M ZTH, suggesting a potential bottom is forming.
Technical Outlook
- Support Zone: $0.0004–$0.0005 remains a critical area. If this level holds, we could see a new wave of buyers step in, attracted by the fair value proposition.
- Resistance Levels: Immediate resistance sits at $0.0007 and $0.0008, with significant selling pressure expected at those levels.
- Momentum Indicators: Oversold signals on shorter timeframes suggest that a relief bounce could be imminent.
The Big Question
Can Zether return to its highs or even exceed them? Given the upcoming reward reduction and increasing scarcity, the fundamentals point toward renewed bullish potential. However, sustained demand and ecosystem growth will be crucial in driving the next leg up.
Big News: Zether Verified on MetaMask
Zether is now officially added to MetaMask’s verified chains list via ChainList. This eliminates those pesky warning signs for users, making onboarding smoother and more secure.
This step is a huge milestone for Zether, improving its accessibility and boosting trust among the crypto community.
K1Pool Adds Zether Switcher Bot
The K1Pool community voted overwhelmingly to add a Zether Switcher Bot. With 288+ YES votes, this feature will enable miners to switch between ZTH and other tokens seamlessly, enhancing mining flexibility.
Expect this feature to go live in the coming days!
Zether Token Lab Launches
Zether.Dev announced the launch of the Zether Token Lab, allowing users to create custom tokens effortlessly on the Zether blockchain.
💡 What’s Live Now?
- Standard Token Creator: Create fungible tokens in minutes!
More features, like fee-based and reflection tokens, are in development.
Try it here: Zether Token Lab
ZOP Casino Expands
The Zero One Game (ZOP) platform introduced exciting new features, including:
- JackPot System: Rewards 70% of the pot for special results (e.g., 1-1-1 or 6-6-6).
- TicTacToe Game: A smart contract version of this classic game is in the works.
ZOP’s new casino-style games highlight the entertainment potential of the Zether ecosystem.
Catnipper: Revolutionizing Blockchain Gaming on Zether
Catnipper is shaping up to be one of the most anticipated NFT games on the Zether blockchain. Developed by the Zether.Cloud team, this browser-based, turn-based RPG promises to combine engaging gameplay with the utility of NFTs and blockchain technology. The development team recently shared a sneak peek of its battle system, with an in-game battle trailer showcasing two Level 1 Catnippers dueling in a high-stakes fight. This glimpse into the game’s mechanics reveals a well-designed system that balances strategy, randomness, and competitive elements, ensuring a dynamic experience for players.
The $CATNIP token presale continues to generate excitement, offering unique benefits for early supporters. Players can purchase 5K $CATNIP to secure 1 random NFT or 50K $CATNIP to unlock a guaranteed Catnipper playable character and 9 additional NFTs. These tokens not only provide early access to exclusive in-game items but also unlock a 3-day head start once the game launches.
🎁 $CATNIP Presale is still live!
🔹 5K $CATNIP = 1 random NFT
🔹 50K $CATNIP = Guaranteed Catnipper + 9 NFTs (wearable items with additional statistics and multi-use consumables)
Catnipper isn’t just a game—it’s a fully-fledged blockchain ecosystem with plans to reward top players each season in $CATNIP, creating a competitive atmosphere that motivates both casual and hardcore gamers. With features like NFT leveling, player-versus-player (PvP) battles, and boss fights, Catnipper promises a thrilling and rewarding journey for its community. As the presale progresses and development milestones are reached, Catnipper is poised to become a flagship project for the Zether blockchain. 🎮✨
Visit the $CATNIP presale page here:
https://presale.catnipper.com/
Growth Despite Challenges
While Zether’s price has seen corrections, its ecosystem growth remains undeniable. From new tools like the Token Lab to expanding platforms like ZOP Casino and Catnipper, Zether continues to build a decentralized future.
Now is the perfect time to accumulate ZTH and join this vibrant ecosystem ahead of the next reward reduction!
Stay tuned for more updates in the next News from the Zether Cloud. 🎄🚀
- Catnipper $CATNIP presale page: https://presale.catnipper.com/
- Official Zether.org website: https://zether.org/
- Official Zether.org bridge: https://zether.org/bridge/
- Z1Swap DEX on Zether: https://z1swap.com/ & https://z1scan.com/
- ZTH Block explorer: https://zthscan.com/
- Zether Community Mining Pool: https://pool.zether.cloud/
- Zether Community Asian Mining Pool: https://asia.zether.cloud/
- Join the Catnipper/Zether.Cloud discord server: https://discord.gg/S9HFHUPX2J
