The price of ZRO tokens has soared by 52%. Will it continue to rise?

Recently, Layer Zero (ZRO) tokens have become a hot topic because of their soaring prices. Within a week, the price of this coin has soared by 52%. Many investors are very happy and think that ZRO will continue to rise.

But we have to look at the data. Although the price has risen, the network situation of ZRO is a bit bad. The number of new users is decreasing, which means that everyone’s novelty has worn off; the turnover rate of tokens has also decreased, and the trading is not as lively as before. This is not a good sign when everyone is optimistic about ZRO.

Let’s talk about security issues. This is a big deal in the crypto circle. Recently, Layer Zero was exposed to have a security vulnerability, saying that the endpoint contract for communication between different blockchains may be exploited. When this happened, everyone became nervous, after all, it is related to the safety of their wallets. Especially those who use EVM and non-EVM chains, they should be more careful.

Fortunately, Bryan Pellegrino, CEO of Layer Zero Labs, came out and explained that these vulnerabilities have nothing to do with the core protocol, but are problems with the application settings, and also emphasized some of their security measures. 0x52 also withdrew its criticism, which was considered a step down.

The mood in the community has stabilized a bit, but everyone is still on edge, after all, security is a big deal. However, if Layer Zero can continue to strengthen security and reassure everyone, the price of ZRO may rise again.

In general, the price of ZRO has risen sharply, but it depends on the subsequent performance. Network growth and security issues are two major tests, and Layer Zero has to show real skills. The current trading price of ZRO is $3.22. What will happen in the future depends on how these problems are solved. . . . . . .