LayerZero (ZRO) is currently experiencing a tumultuous phase as its recent recovery attempts falter amid mounting bearish pressure. After initially showcasing potential, the altcoin’s upward momentum has stalled, leading to a possible downturn. With key support levels at risk and bearish forces gaining traction, the outlook for LayerZero’s recovery appears increasingly uncertain. In this article,…
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LayerZero (ZRO) is currently experiencing strong bullish momentum, positioning itself for potential new highs in the future. This sustained upward trend indicates growing investor confidence and increased market interest in the platform’s capabilities. As ZRO continues to gain traction, technical indicators suggest that this momentum could drive the price to unprecedented levels. Traders and investors…
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LayerZero (ZRO) has become one of the first altcoins to bounce amid the market retrace. The token has registered green numbers despite its controversial token airdrop last month. As a result, investors and market watchers remain bullish on ZRO’s long-term performance. From ZRO To Market Hero In late June, the omnichain interoperability protocol LayerZero launched…
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Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility According to an announcement shared with Bitcoin.com News, this integration represents an…
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This piece is the second half of a guest post by Emiri, published originally on Blocmates. Read Part One here. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. Blocmates is especially adept at covering new decentralized finance (defi) projects, which are arguably at…
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According to market data, crypto assets struggled throughout June, with only a select few recording gains. The largest gainer was the meme coin brett (BRETT), which surged 64.9%, while the biggest loser was the meme token maga (TRUMP), plummeting 55.29%. Select Coins Rise Despite Overall Decline This Month June was predominantly bearish for cryptocurrencies, with…
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Layerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and Woo X have all added ZRO to their platforms, offering various trading pairs. Layerzero distinguishes itself with its innovative approach to cross-chain communication, facilitating the…
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This week, another airdrop controversy has sent the crypto community into havoc. Omnichain interoperability protocol LayerZero recently announced its ZRO Token launch alongside an Airdrop for its community. However, investors were shocked when the protocol announced the new ‘Proof-of-Donation’ mechanism. The token’s price has dropped over 20% after launching. LayerZero Faces Backlash For Token Airdrop …
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LayerZero Labs has identified a total of 800,000 addresses as potential sybil addresses, rendering them ineligible for the full token allocation. Initially, the team had identified over two million addresses as potential sybils, but they later refined their criteria to minimize false identifications. In a recent post on X, the team announced the end of the sybil self-reporting phase in their initiative…
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In a major step towards launching its native token, ZRO, cross-chain interoperability protocol LayerZero successfully completed its first airdrop snapshot on May 1. The snapshot marks a crucial stage in the protocol’s development and has generated considerable excitement within the DeFi community. LayerZero Labs confirmed the completion of the airdrop snapshot via an X post…
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