Zama Hits New All-Time High Amid Bullish Demand and Reduced Supply

Zama (ZAMA) has reached a new all-time high of $0.092 before retracing to $0.086, a 27% increase on the daily charts and a 67% surge over the past week.

The altcoin's market capitalization has crossed the $200 million mark, with trading volume jumping 149% to $274 million.

This uptrend is driven by strong buying pressure, with investors rotating into privacy coins such as ZAMA. The token's reduced supply is also an attractive factor, with over 83% of the circulating supply staked.

According to analysts, if demand holds and staked supply continues to rise, ZAMA will make more gains, potentially targeting $0.09. However, if $0.08 fails to hold, the altcoin may fall to $0.05.