Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch
Zeus Network Launches Zeus Program Library (ZPL):
- ZPL connects Solana and Bitcoin ecosystems by Q3 2024.
- Enables DeFi, GameFi, SocialFi, DePIN, and more on Solana.
- ZPL-Assets can be fungible or non-fungible, expanding opportunities.
Functionality of ZPL:
- Set of Solana Virtual Machine programs for cross-chain transactions.
- Users deposit BTC to receive ZPL-wrapped zBTC tokens for Solana activities.
- Plans to introduce zRuneX and zOrdX assets on Solana.
Bitcoin Runes and Ordinals:
- Bitcoin Runes token standard allows tokenization of real-world assets.
- Bitcoin Ordinals assigns unique numbers to satoshis for asset tracking.
Recent Developments in Bitcoin Ecosystem:
- Orders Exchange integrates with Bitcoin Runes for token issuance.
- Constructed a Bitcoin asset bridge with MicroVisionChain for BRC-20 token swaps.
Market Trends:
- BONK, POPCAT, and Solana memecoins remain strong despite Bitcoin price fluctuations.
- Bitcoin DApp ecosystem sees growth with innovative protocols like Bitcoin Runes.
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Technical Analysis for ZEUS
Technical Sentiment Analysis for ZEUS (ZEUS) As of , ZEUS (ZEUS) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEUS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZEUS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
ZEUS (ZEUS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0226 | -0.00797 | 0.00117 | 0.0158 | 0.025 | 0.0397 | 0.0488 |
| Fibonacci | -0.00797 | 0.00113 | 0.00674 | 0.0158 | 0.0249 | 0.0306 | 0.0397 |
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