$ZRO | The Bridge That Connects Networks ๐
ZRO is a LayerZero coin, a protocol that allows different blockchains to communicate and move assets between them.
๐ Why it deserves attention:
โข The protocol serves more than 125 networks and supports projects like Ethena and Pendle
โข They announced a new blockchain called Zero, and ZRO will be the only coin for storing and paying fees on it
โข Repeated coin purchases (Buyback) and a $55 million purchase from a16z with a 3-year lock-up
๐ Current situation:
โ ๏ธ Risks: continuous token unlocks put pressure on the price, and thereโs a debate about selling by early investors. Competition in the network-bridging space is strong.
๐ฏ My take: The story is strong in the long run, but near-term selling pressure prevents me from making a call right now. Iโm watching [Support], and holding above it with healthy trading volume is the signal Iโm waiting for.
โ ๏ธ NFA | DYOR
#zro
ZRO is a LayerZero coin, a protocol that allows different blockchains to communicate and move assets between them.
๐ Why it deserves attention:
โข The protocol serves more than 125 networks and supports projects like Ethena and Pendle
โข They announced a new blockchain called Zero, and ZRO will be the only coin for storing and paying fees on it
โข Repeated coin purchases (Buyback) and a $55 million purchase from a16z with a 3-year lock-up
๐ Current situation:
โ ๏ธ Risks: continuous token unlocks put pressure on the price, and thereโs a debate about selling by early investors. Competition in the network-bridging space is strong.
๐ฏ My take: The story is strong in the long run, but near-term selling pressure prevents me from making a call right now. Iโm watching [Support], and holding above it with healthy trading volume is the signal Iโm waiting for.
โ ๏ธ NFA | DYOR
#zro
