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CATEGORY: zro


Jul 07, 2024 12:05

LayerZero On The Rise: ZRO Bullish Momentum Points To New Highs

LayerZero (ZRO) is currently experiencing strong bullish momentum, positioning itself for potential new highs in the future. This sustained upward trend indicates growing investor confidence and increased market interest in the platform’s capabilities.  As ZRO continues to gain traction, technical indicators suggest that this momentum could drive the price to unprecedented levels. Traders and investors are closely monitoring this movement, anticipating further gains and strategic opportunities as LayerZero pushes toward new market peaks. This article delves into providing an in-depth analysis of ZRO’s current bullish momentum and its potential to reach new highs. By examining current price performance and technical indicators, this article seeks to provide strategic advice for investors looking to capitalize on ZRO’s potential growth. ZRO was trading at around $4.15 and was up by 36.66% with a market capitalization of over $456 million and a trading volume of over $816 million as of the time of writing. There has been a 24-hour increase of 36.62% and 152.75% in ZRO’s market capitalization and trading volume respectively. Analyzing The Current Bullish Trend Of ZRO A technical analysis of ZROs price action on the 1-hour chart reveals that the crypto asset is actively bullish and trading above the 100-day Simple Moving Average (SMA). Since facing rejection at the $2.69 support level, ZRO has been consistently bullish and is currently attempting to break above the $4.28 resistance level. The formation of the 1-hour William alligator signals that the price of ZRO may continue to extend its bullish trend as both the alligator lip and teeth are currently trending above the jaw after a successful cross above it. On the 4-hour chart, it can be observed that ZRO is actively bullish. Although the price is attempting a short-term pullback by dropping a bearish candlestick, the crypto asset may extend its bullishness in the long run. Additionally, the 4-hour William alligator indicates more bearishness for ZRO as both the alligator lip and teeth are actively trending above the jaw after moving above it. ZRO Price Forecast Analyzing potential future possibilities of ZRO’s price movement reveals that if the digital asset breaks above the $4.28 resistance level, it may move higher to challenge its all-time high of $5.62. If this level is breached, ZRO might move on to create a new all-time high. However, if the price of ZRO experiences rejection at the $4.28 resistance level, it will begin to descend toward the $3.27 support level. Should the asset breach this level, it may continue to decline to test the $2.69 support level and possibly move on to test other higher levels if it breaches the $2.69 level. Featured image from Adobe Stock, chart from Tradingview.com

Jul 07, 2024 12:05

LayerZero Bounces Amid Market Retrace, ZRO Soars 20%

LayerZero (ZRO) has become one of the first altcoins to bounce amid the market retrace. The token has registered green numbers despite its controversial token airdrop last month.  As a result, investors and market watchers remain bullish on ZROs long-term performance. Related Reading: Cardano (ADA) Founder Claps Back At Dead Coin Comments, Issues Reminder To The Community From ZRO To Market Hero In late June, the omnichain interoperability protocol LayerZero launched its long-awaited ZRO token. The launch, which included a token airdrop for the protocol users, received a negative response from the crypto community. Users found the airdrops claim mechanism to be a slap in the face for the community. Minutes before the launch, the LayerZero Foundation announced that a new Proof-of-Donation claim mechanism would be used for those who wanted to receive their token allocation. The mechanism required users to donate $0.1 in USDC, USDT, or ETH, per token allocated. The donations would go directly to the Protocol Guild, a collective funding mechanism for Ethereum developers. LayerZero received backlash for this measure. Many community members found that the project was milking their supporters and lacked proper communication. As a result, the token saw a 38% drop following the launch. ZRO went from trading at its $4.57 all-time high (ATH) to trading as low as $2.83. The retrace continued as it reached its all-time low (ATL) of $2.48 a week after its launch. The token has since recovered by 53%. ZROs upward trajectory started last week as Bitcoin (BTC) regained its $60,000 support zone. The token moved from its ATL to a biweekly high of $4.2. However, LayerZeros token followed the rest of the market in the retrace. BTCs performance dragged ZRO back to the $2.75 level earlier today, but it has bounced over 20% in the last few hours. As of this writing, ZRO is one of the few altcoins registering green numbers in multiple timeframes. Moreover, the protocols token displays double-digit gains in the weekly and biweekly timeframes, with 40.2% and 22.1% price increases. Investors Bullish On LayerZero Following this performance, investors and market watchers expressed bullish sentiment regarding the token. Some traders assert that ZRO held relatively well during the dump and is now recovering pretty hard. Crypto trader CryptoKnight highlighted ZROs bounce and suggested that the token could reach $5 in the short-term timeframe. Similarly, SpiderCrypto believes that ZRO will hit $10 by the end of the year. To the market watcher, LayerZero is the best infra company for those who believe in a multichain future. Seemingly, users remain confident in the protocol despite the launch mishap. Some investors consider it one of the cleanest brands around with a token that is not difficult to sell to people with a bit of FOMO. Related Reading: Gala Games Announces Partnership With Animoca Brands, GALA Token Plunges 6.7% LayerZero Labs recently announced its integration with Flare, a data-focused blockchain, to enable Flare developers to connect with 75 other networks. Per the post, the integration will connect the blockchain with 50,000 dApps and offer access to a vast quantity of new users and sources of liquidity. At the time of writing, ZRO is trading at $3.81, representing a 21% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

Jul 04, 2024 03:05

$ZRO Gains Momentum On Arbitrum Network With Significant Transactions

The wallet address 0x11b3 recently received 1.69 million $ZRO tokens, valued at $6.46 million, from the @GSR_io wallet 0xd8d on the Arbitrum network. This transaction follows a previous move where the same wallet used Binance as a bridge to convert 5 million $ZRO, approximately $13.99 million on the Ethereum network, […]

Jul 02, 2024 04:10

LayerZero (ZRO) Price Prediction 2024, 2025, 2026-2030

In this LayerZero (ZRO) price prediction 2024, 2025-2030,  we will analyze the price patterns of ZRO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION LayerZero (ZRO) Current Market Status What is LayerZero (ZRO)? LayerZero (ZRO) 24H Technicals LAYERZERO (ZRO)

Jun 26, 2024 02:15

BitMEX Updates Mark Method for ZROUSDTZ24 to Fair Price


BitMEX has updated the Mark Method for ZROUSDTZ24 to Fair Price marking, incorporating data from multiple major exchanges. (Read More)

Jun 22, 2024 02:15

BitMEX Introduces ZROUSDT and TREMPUSDT Perpetual Contracts with Up to 10x Leverage


BitMEX will list ZROUSDT and TREMPUSDT perpetual contracts on June 21, 2024, offering up to 10x leverage. (Read More)

Jun 21, 2024 05:50

LayerZeros ZRO Token Airdrop Receives Backlash For Proof-Of-Donation Mechanism

This week, another airdrop controversy has sent the crypto community into havoc. Omnichain interoperability protocol LayerZero recently announced its ZRO Token launch alongside an Airdrop for its community. Related Reading However, investors were shocked when the protocol announced the new Proof-of-Donation mechanism. The tokens price has dropped over 20% after launching.  LayerZero Faces Backlash For [...]

The post LayerZeros ZRO Token Airdrop Receives Backlash For Proof-Of-Donation Mechanism appeared first on Crypto Breaking News.

Jun 21, 2024 02:15

Binance Introduces LayerZero (ZRO) to Multiple Platforms, Including Futures and Margin


Binance adds LayerZero (ZRO) to its Earn, Buy Crypto, Convert, Margin, and Futures platforms, enhancing its ecosystem. (Read More)

Jun 21, 2024 02:15

OKX Announces Listing of ZRO Perpetual Futures and Margin Trading


OKX will enable USDT-margined perpetual futures for ZRO and introduce ZRO margin trading and Simple Earn, according to an official announcement. (Read More)

Jun 21, 2024 02:15

Binance to List LayerZero (ZRO) with Seed Tag on June 20, 2024


Binance announces the listing of LayerZero (ZRO) with a seed tag, opening trading on June 20, 2024, for ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY pairs. (Read More)

Jun 21, 2024 01:20

LayerZeros ZRO token airdrop with mandatory donations goes live

LayerZero's ZRO token airdrop requires a 10-cent donation per token, with the foundation matching up to $10M. Community reactions are split.

The post LayerZero’s ZRO token airdrop with mandatory donations goes live appeared first on Crypto Briefing.

Jun 20, 2024 02:15

OKX Announces Listing of LayerZero (ZRO) for Spot Trading


OKX is set to list LayerZero (ZRO) for spot trading, with deposits, trading, and withdrawals scheduled for June 2024. (Read More)

Jun 19, 2024 02:15

Bitfinex Lists LayerZero's Native Token ZRO, Enhancing Blockchain Interoperability


Bitfinex announces the listing of ZRO, LayerZero's native token, aiming to enhance blockchain interoperability and user engagement. (Read More)

May 08, 2024 04:10

Cash Out Your $NOT With Tezro: Your Gateway To Real-World Value

Are you sitting on a pile of $Notcoins, wondering how to turn them into tangible value? Look no further! Tezro is thrilled to announce that it is now your go-to platform for effortlessly selling your $Notcoins and cashing in on their potential. Whether youve been holding onto your $NOT for

May 22, 2024 02:15

LayerZero's ZRO Token Now Tradeable on BitMEX with 2x Leverage


BitMEX has listed LayerZero's upcoming ZRO token with 2x leverage available. (Read More)

LayerZero cross-chain interoperability protocol completes first airdrop snapshot

Author: Cointelegraph by Zoltan Vardai
United States
May 03, 2024 12:00

LayerZero cross-chain interoperability protocol completes first airdrop snapshot

LayerZeros ZRO perpetual futures contract is trading at $8.6 on Hyperliquid, the worlds largest perps DEX, suggesting a potential $17 billion fully diluted valuation.

LayerZero identifies over 800K addresses in sybil self-reporting phase

Author: Cointelegraph by Amaka Nwaokocha
United States
May 19, 2024 12:00

LayerZero identifies over 800K addresses in sybil self-reporting phase

Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.

Apr 27, 2022 12:40

Tezro: A Disruptive Payment Solution Set To Transform the Blockchain Ecosystem

Imagine a platform that allows users to instantly send messages and process both fiat and cryptocurrency transactions anywhere in the

How to Set Up and Use Tezro Crypto Wallet: A Step-By-Step Guide

Author: Mark Arguinbaev
United States
Sep 06, 2021 03:05

How to Set Up and Use Tezro Crypto Wallet: A Step-By-Step Guide

It can be argued that the entire crypto economy would collapse without the existence of cryptocurrency wallets. And that’s because these wallets provide a vital service.   Crypto wallets allow individuals to store, send, receive, and even purchase different types of cryptocurrencies. That’s where Tezro comes into the picture. Featuring military-grade encryption protocols and a […]

The post How to Set Up and Use Tezro Crypto Wallet: A Step-By-Step Guide appeared first on NullTX.

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