TronWeekly

Crypto World News

You are here: Home / Archives for ZRO

ZRO

ZRO Forms Rare Bull Pattern – Last Chance Before 60% Surge

by

  • ZRO’s falling wedge pattern signals a potential bullish reversal, with strong post-March performance indicating underlying demand and possible breakout.
  • LayerZero’s CEO hints at a new airdrop with usage-based criteria, fueling market interest and offering potential for early participants.
  • With 11% of ZRO tokens remaining for distribution, observers note it’s “underfarmed,” suggesting a significant 2025 airdrop opportunity.

ZRO, the native token of LayerZero, has displayed tremendous resilience since the March dip. In the token’s price chart, a falling wedge pattern has emerged, characterized by converging trend lines that slope downwards. This sets the stage for a bullish reversal, meaning a potential price breakout on the upside.

In a falling wedge pattern, price keeps falling, although the rate of drop slows down. This chart formation also means that selling pressure is weakening and buyers are stepping in to regain control.

ZRO
ZRO Forms Rare Bull Pattern – Last Chance Before 60% Surge 3

Another crucial aspect to note is its recent positive performance. As one of the “strongest performing tokens” in March, ZRO’s recovery amidst the market drawdown highlights its underlying demand and bullish strength.

Some key correlation to watch out for is the influence of Bitcoin. As a dominant token, BTC’s price movements often impact altcoins, including ZRO. Market experts suggest if If BTC exhibits some strength, it could pave the way for ZRO to break out of the falling wedge pattern, propelling it toward $4–$4.5 in the coming weeks.

At press time, the token is trading at $2.77, down by 6% in the last 24 hours. Its market cap stands at $304 million. While technical analysis paints a compelling picture, it is always prudent to consider past performance and market sentiment before trading assets with the token.

ZRO Airdrop Rumors Fuel Price, But New Rules Apply

That said, ZRO is stealing the spotlight after rumors of another airdrop gain momentum. On March 30, Bryan Pellegrino, co-founder and CEO of cross-chain protocol LayerZero Labs, stated that the next drop might have completely new criteria, potentially based on RFPs & genuine usage.

See a lot more airdrop threads popping up – let’s not do round 2 of this please, prefer not to spend another month of my life hunting Sybil. Next distribution may look entirely different from the first, could be totally RFP based or something else entirely. Real usage only

ZRO
Source: @claimpilot

Market observers believe that LayerZero is quite “underfarmed now and could be another big Airdrop in 2025.” There is 11% $ZRO allocation left to be distributed, creating an opportunity for early investors.

ZRO: The $2 Token That Could Hit $45 by 2030

by

  • ZROUSDT is currently trading at $2.2848, showing a slight increase of +0.0225 (+0.99%) on the 1-day chart.
  • The chart indicates a potential upward trend, with the price bouncing off a support level around $1.4817 and aiming towards the $2.5717 resistance.
  • The timeline suggests a potential bullish movement into April and May 2025, after a period of consolidation from late 2024 to early 2025.

$ZRO is in the limelight after LayerZero recently celebrated its 3-year anniversary. The token’s technical analysis depicts a bullish scenario. Currently trading around $2.30, ZRO has successfully risen above a crucial support level, indicating renewed buying strength. A decisive breakout above the $2.48 resistance would pave the way for a strong bullish trajectory.

With a short-term target of $7+, the token’s momentum lies in increased buying activity. Short-term and long-term targets are $9 by the end of 2025 and $45 by 2030. These forecasts are based on the rising “interoperability demand,” or the growing significance of different blockchains to communicate with each other.

LayerZero is an “omnichain protocol” that claims to offer secure cross-chain communication between diverse blockchains. Since its launch on March 15, 2022, the cross-chain protocol has extended support to 125 chains, enabled a staggering 140,000,000 messages, and powered hundreds of “OApps” (Omnichain Applications).

$ZRO: Revolutionizing Cross-Border Transfers

Recently, the DeFi platform facilitated the transfer of 500k USDC between different blockchains, demonstrating the power of blockchain interoperability in making global transactions faster, and cost-effective.

ZRO
ZRO: The $2 Token That Could Hit $45 by 2030 5

Citing the transaction, blockchain enthusiast Bielzin noted, “In the traditional banking system, an international transfer of this amount could involve multiple intermediaries, high fees, and delays, especially on weekends. Here, the process was completed in just a few minutes, with no time restrictions and negligible costs compared to the transferred amount.”

LayerZero has also been instrumental in integrating TON to the Tether USDt ecosystem. As reported by TronWeekly earlier, the implications here are deemed massive. TON has one the biggest digital distribution networks in the world: Telegram, with 1 billion active users.

In general, the above analysis paints a bullish picture for $ZRO based on both technical indicators and the project’s strong fundamentals. Additionally, the integration of TON and Tether USDt is a very large fundamental catalyst for growth. The connection to telegram is another huge advantage.