LayerZero Token Surges 30 Percent – New Zero Blockchain Gains Prominent Backing

While the crypto market remains under pressure, the LayerZero token (ZRO) is showing strong momentum. Within 24 hours, the price climbed from approximately $1.80 to a peak of $2.47 and is currently trading at around $2.27 – a gain of more than 30 percent^[1].

The catalyst for this rally is the announcement of a new blockchain called Zero, which promises particularly high speed and low costs^[1]. The project is receiving special attention due to the involvement of prominent partners from the financial world: ARK Invest founder Cathie Wood has joined the advisory board, and companies such as Citadel Securities, DTCC, Google Cloud, and ICE are supporting the initiative. According to reports, ARK and Citadel have directly invested in the token^[1].

With a market capitalization of just under $700 million, ZRO remains in the mid-cap segment but is generating considerable market momentum^[1]. However, analysts are warning of potential overheating following the rapid increase. As long as the price stays above $1.80, the uptrend is considered intact. A breakthrough above $2.47 could unlock further potential, while a drop below the $1.80 mark would significantly weaken the momentum^[1].