Nick Spanos, an experienced figure in the cryptocurrency world and the creator of Zap Protocol, has shared that the blockchain venture is on the verge of finalizing significant agreements.

These important agreements will involve some of Zap Protocol’s current services, such as ZapOracles, ZapDEX, and ZapNFT.

Spanos, who is also known for establishing the Bitcoin Center NYC, the first physical Bitcoin exchange globally in 2013, communicated this update to Zap investors through the project’s official Telegram channel.

He mentioned a prior meeting with Senegal’s President, Macky Sall, where ZAP Protocol had reached a preliminary agreement with the country, which was later halted by the Central bank of West Africa.

This development coincides with growing optimism surrounding Zap’s token, traded on Bitrue and various decentralized exchanges.

Zap has notably surged by over 160% in the past month, hitting $0.0084 as per CoinMarketCap figures.

Despite this rise, the token’s market capitalization remains at just $2 million, indicating significant growth potential for Zap, poised to follow the broader cryptocurrency market trends, even without specific positive triggers for the project.

A modest price forecast suggests Zap could reach between $0.25 and $0.65 by the end of 2024, with a possibility of surpassing the $1 mark if certain project-related factors materialize.