Zebec Network Faces Notable Price Decline Despite Strategic Moves
Zebec network (ZBCN) has experienced a sharp price drop this month, losing nearly half of its value from its peak in may. the crypto token fell to $0.0040, resulting in a market cap decrease of $317 million, dropping from $537 million to $220 million.
despite these setbacks,Zebec has been making strategic acquisitions to strengthen its ecosystem. The company acquired Science Card, a UK-based fintech firm with over 50,000 users. Additionally, Zebec bought Gatenox, a compliance services firm, to enhance Know-Your-Customer (KYC) and anti-money laundering features.
Zebec is also promoting its instant payroll solutions through a new TV campaign.The ad aims to highlight the benefits of real-time pay, ensuring workers receive their earnings promptly.
The price decline is partly due to profit-taking after a 900% surge earlier. The selling pressure suggests ZBCN may retest support levels at $0.003340, based on Wyckoff Theory analysis.
Social media interest and futures market indicators also show a decline, with ZBCN’s social dominance dropping to 0.016%. Open interest fell from $30 million to $12 million, with a negative funding rate continuing since May 20.
While these challenges persist, Zebec remains committed to its goals, aiming to revolutionize the payment industry with its real-time payment solutions.
