$ZAMA is the native token of a new privacy-focused blockchain built with Fully Homomorphic Encryption (FHE) technology. Its primary utility includes paying for FHE-enabled computations, staking to secure the network, and participating in governance. ZAMA aims to enable unprecedented levels of data privacy and computation on encrypted data, opening doors for sensitive institutional applications.
Current Price Performance
Current Price: Approximately $0.72 (High Volatility).
Market Trend: Correction/Bearish after an initial post-launch pump, now finding support around the $0.70 mark.
Circulating Supply: ~150M tokens (out of 1B total supply).
Listing Status: Primarily on mid-tier decentralized exchanges (DEXs) and a few smaller centralized exchanges (CEXs). Actively pursuing Tier-1 CEX listings.
Technical Indicators
RSI (14): Currently near 35, suggesting it's approaching oversold conditions, which could signal a potential short-term bounce.
Moving Averages: Both the 20-day and 50-day moving averages are trending downwards, and a "Death Cross" (50-day below 200-day) is imminent on the daily chart, reinforcing a bearish sentiment.
Volume: Volume has decreased during the recent correction, indicating less selling pressure but also a lack of strong buying interest to reverse the trend.
