ZRO Price Trends After Initial Rise: Can the Bull Run Return Again?

Layerzero price has continued to decline after an initial rise since its launch 30 hours ago. At the time of writing, ZRO is trading near $3.0, down 36.8% from its all-time price.

Furthermore, even with the intraday price decline, the cryptocurrency has reached a milestone since its debut, entering the top 100 cryptocurrencies by market cap. At press time, its market cap is $744.24 million, ranking 90th in the cryptocurrency space. There are currently 250 million ZRO tokens (25%) in circulation out of a total supply of 1 billion.

🔸More about LayerZero

LayerZero is a cutting-edge protocol that enables seamless and efficient message transfer between blockchain networks. It ensures authenticity and certainty in message delivery, allowing users to adjust the desired level of trust.

LayerZero is often described as a "blockchain of blockchains," facilitating direct and trustless communication between various blockchain platforms.

Furthermore, the key feature of the protocol lies in its Ultra Light Nodes (ULNs), which are dedicated smart contracts deployed on each participating blockchain. These ULNs are the key touchpoints that enable cross-chain interactions, making LayerZero a key player in the blockchain interoperability space.

🔸 Can the bulls rise again?

LayerZero has been a successful project so far, as it has achieved a major milestone of entering the top 100 club since its debut. However, after an initial rise to a high of $4.80, the price seems to have been moving downwards over the past 24 hours.

At the moment, the price is in a neutral position, and both bulls and bears have the potential to steer the trend in their direction. The current price action does not indicate any clear trend. However, the reduction in volume inflows indicates a decline in seller interest, which may indicate an upcoming bull run. #币安合约锦标赛 #MegadropLista #币安用户数突破2亿 #ZRO智能策略库🥇🥇 $ZRO