🚀 The price of ZRO has risen by 26% following LayerZero's announcement of a $110 million acquisition plan for Stargate!
The ZRO token has seen a strong and sudden rise of 26% in the past 24 hours, after LayerZero announced a strategic acquisition proposal worth $110 million for the Stargate bridge across different networks.
💡 Deal Details:
The goal is to integrate the two tokens ZRO and STG to unify governance and improve technical efficiency.
The Stargate DAO will be dissolved and the STG token will be withdrawn, converting each STG holder to a specified ratio of ZRO tokens.
LayerZero will take full control of Stargate operations with revenue allocated to repurchase ZRO tokens, supporting its long-term value increase.
📈 Market Predictions:
ZRO trading volume has increased by 540% with the price reaching $2.30.
Analysts expect it to surpass the $2.80 level to reach a psychological target of $3.
Meanwhile, the STG token is also seeing a positive rise of over 20%.
⚠️ Important Notes: There is controversy among STG holders about the value of the swap, as they believe the compensation is less than the true value and they lose staking rewards, with the decision requiring a 70% majority vote from the community.
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