Zebec Network Faces Major Price Drop Despite Strategic Moves
Zebec Network (ZBCN) is seeing a significant price decline this month. It’s lost nearly half its value, falling to $0.0040. This shift erased $317 million in market cap, dropping from $537 million to $220 million.
Despite these losses, Zebec is still pushing forward. The company has made some big moves. It acquired Science Card, a fast-growing fintech with over 50,000 UK users. Zebec also bought Gatenox,a compliance firm. These steps aim to strengthen Zebec’s platform.
Zebec is also promoting its payroll solutions. Its new TV ad highlights instant salary payments. “Life doesn’t wait. Why should your pay?” Zebec tweeted.
The price drop seems driven by profit-taking.ZBCN surged nearly 900% between May’s low and high. Such sharp rises often lead to corrections. The wyckoff Theory supports this view. It suggests ZBCN may drop further before recovering.
Social interest in ZBCN has also dropped. Santiment data shows social dominance fell from 0.332% to 0.016%. Futures markets also turned bearish. open interest dropped from $30 million to $12 million. These signs point to a cooling market interest in Zebec.
