Layerzero has been in development since 2021, with the team working hard on it. Currently, its market cap is $659 million, and it has raised $263 million in funding. In comparison, WIF, which has less utility, has a market cap of $1.57 billion.
🌟 I believe Layerzero deserves a higher market cap and price. It's worth buying in stages with a small percentage of capital, especially since the market is down. 🔻
Is it a good short-term investment? 🤔
In my humble opinion, yes. It has strong backers like:
- Binance Labs
- A16z
- Coinbase Ventures
- Circle
- Multicoin Capital
However, for the long term, it's uncertain because investment companies primarily aim for profit (buy and sell quickly).
