ZAMA crypto hits new ATH amid shrinking supply – Can $0.08 hold?

Zama [ZAMA] is on a strong bullish run as the altcoin climbed to a new all-time high of $0.092 before retracing. At the time of writing, ZAMA was trading around $0.086, up 27% on the daily charts extending its 67% weekly surge surge.

At the same time, the market cap crossed the $200 million mark  while volume jumped 149% to $274 million, reflecting high market activity.

In fact, with participation rising, daily turnover has remained elevated for two consecutive days. Notably, a turnover of $159.9 million was recorded, a jump from $150 million the previous day, suggesting that the trend was driven by strong buying pressure.

ZAMA sees renewed capital inflow

Recently, the crypto market has seen significant capital and attention move into privacy coins. Amid this sector-wide buzz, investors are rediscovering even low-cap privacy tokens.

One such token has turned out to be ZAMA. These investors have brought along massive capital into the asset with demand for ZAMA  skyrocketing across the spot and futures.

For starters, on the 19th of September, the altcoin’s Buy Volume rose to a record high of 412.6 million, while volume, although elevated, remained at 390 million. For that reason, the Delta jumped to 21 million.