Crypto trader Josh Rager says he’s tracking a non-fungible token (NFT) project that’s currently flying under the radar.
The co-founder of trading tool Blockroots tells his 119,000 Twitter followers that crypto investors may be ignoring one of the most exciting NFT assets in the space.
“Hopefully, you didn’t forget about Zero Utility Token and ZUT because they have been doing some great work behind the scenes…
But even more impressive is the team’s new protocol ZUZ… ZUZ protocol is focused on bringing efficiency, privacy and value to the NFT market.
They’ve got some really groundbreaking ideas on top of that so make sure to check it out: gasless staking, fractional NFTs and the ability to mine tokens via NFTs. Not your regular NFT protocol.”
ZUZ Protocol, as Rager mentions, is built by the Zero Utility team. The project boasts partnerships with layer-2 scaling solution Polygon and NFT marketplace OpenSea. The ZUZ token is designed to allow users to build off the team’s existing tool kit, which aims to allow traders to move multiple NFTs at a lower cost.
ZUZ currently sits at a $44 million fully diluted market cap according to Dextools and is not yet listed on CoinGecko. Rager says the token is up 13x from his own initial call.
“I bought public myself, no private allocations here, and public sale price alone is already up 13x. Keep your eyes on ZUZ protocol, exciting stuff to come.”
Rager is also sharing his current take on Bitcoin, and says the overall bull market will remain intact as long as BTC remains above the $50,000 mark.
“BTC is still putting in an uptrend on the daily chart. Trendlines are meant to be broken but as long as price is above $50,000 (above the previous range) I think this continues to push back up to new highs.
People will be calling ‘the top’ at every pullback so get used to it.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Art Furnace
