Satoshi

2024

LayerZero

Flare

Coin

<p><a href="https://coinmarketcap.com/currencies/layerzero/" target="_blank">LayerZero’s ZRO price</a> has started to recover following a correction that happened two days ago. Even though the general market was bearish yesterday, ZRO’s price was very bullish, spiking by more than 30%.</p> 
<p>Two different factors could have triggered this bullish move. Let’s quickly consider them one after the other.&nbsp;</p> 
<h2 class="wp-block-heading" id="zro-s-price-reaches-critical-support">ZRO’s Price Reaches Critical Support&nbsp;</h2> 
<p>The price of ZRO bounced off a critical support yesterday at around $3.05; since then, it has continued to rise and was able to spike 30%. The move looks like the price is about to continue its bullish rally after a short correction.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-1024x484.png" alt="" class="wp-image-521416" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-175.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><strong><em>Also Read: <a href="https://captainaltcoin.com/crypto-analysts-predict-major-altcoin-rally-ethereums-resilience-signals-market-shift/" target="_blank">Crypto Analysts Predict Major Altcoin Rally: Ethereum’s Resilience Signals Market Shift</a></em></strong></p> 
<p>ZRO is a relatively new token, and because of this, we do not have so much data to analyze the price action, but from what is obvious, it has bounced from support and could continue to rally.&nbsp;</p> 
<h2 class="wp-block-heading" id="news-about-partnership">News About Partnership</h2> 
<p>Another factor that could have caused the price to spike is LayerZero’s partnership with Flare. The protocol announced this collaboration yesterday, and it seems to have met the community positively.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">LayerZero is live on <a href="https://twitter.com/FlareNetworks?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FlareNetworks</a>, a blockchain designed for data.&nbsp;With Flare's native &amp; enshrined oracles, secured at the network layer, developers can access reliable data feeds and proofs for free.<br><br>This integration enables Flare developers to connect to 75 other networks. <a href="https://t.co/3T7CTLUfTh" target="_blank" rel="nofollow">https://t.co/3T7CTLUfTh</a> <a href="https://t.co/NA37hYOZ1W" target="_blank" rel="nofollow">pic.twitter.com/NA37hYOZ1W</a></p>— LayerZero Labs (@LayerZero_Labs) <a href="https://twitter.com/LayerZero_Labs/status/1809210764470911033?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Flare is a network known for providing data, and with the partnership, layerZero now has access to a lot of data for free. Flare developers can also work with more than 75 other networks through their partnership with LayerZero.&nbsp;</p> 
<p>The collaboration also lets Flare access more than 80,000 applications across 75 different blockchains.</p> 
<p>So far, the only obvious reasons the price has been spiking are: ZRO reaching strong support, as seen in its price action, and the partnership with Flare.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="nofollow">ongoing low presale price</a></strong> to get in early!</p> 
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="nofollow">FREE Telegram group.</a></strong></em></p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-recq-meme-coin-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check $RECQ Meme Coin</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy RECQ Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/layerzeros-zro-crypto-price-pumping-heres-why/">LayerZero’s ZRO Crypto Price Pumping: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

LayerZero’s ZRO Crypto Price Pumping: Here’s Why

Table of Contents

CaptainAltcoin

Other articles published on Jul 6, 2024

Signs Point to Massive XRP Upsurge as Analyst Observes Various Bullish Factors

BlockDAG’s Daring Potential: Eyeing Kaspa’s Territory with a 30,000x ROI as Optimism and VeChain ...

Top Airdrops for This Month

MoonBag Referral Programme: Your Trump Card to Free Crypto in 2024!

Rollblock Emerges As Best Crypto Presale As Revenue Share Model Creates Huge Hype Among AVAX and ...

Biden and Trump Debate on Television

Join our free newsletter for daily crypto updates!