LayerZero (ZRO)
Project Overview: LayerZero is a protocol that connects different blockchain networks to transfer data and transactions securely and without intermediaries. It supports over 80 networks such as Ethereum and BNB Chain. Established in 2021, it is considered one of the leading projects in cross-chain integration.
Support and Credibility:
Support: Backed by major investors like Andreessen Horowitz, with strong partnerships in the Crypto world.
Credibility: A reliable project with positive reports from Messari and Binance Academy, despite the controversy surrounding the airdrop in 2024.
Prices:
All-Time High: $7.53 (December 2024).
All-Time Low: $1.50 (March/June 2025).
Current Price: ~$2.20 (Market Cap ~$250M-$400M)
Short-Term Technical Analysis (on Binance):
Price: Increased ~3-5% to reach ~$1.91-$2.28.
Indicators:
RSI (~47-68): Neutral with an upward bias.
MACD: Slightly positive signals.
Support: $1.75 - $1.64.
Resistance: $2.00 - $2.39.
Forecast: Neutral to bullish but 🚦🚨 beware of unlocking tokens on August 20 (~24.68M ZRO) which may pressure the price.
LayerZero is a strong project but the price may face short-term volatility. Keep an eye on news and trading volume.
🚨Note: This is not financial advice, do your own research!