I’ve been keeping an eye on #LayerZero ($ZRO ) for a while now, and overall I’m still feeling fairly positive about it. What I like most is what they’re trying to solve — cross-chain communication. If DeFi keeps expanding, projects that help different blockchains work together could end up being pretty important.
Another thing that gives me some confidence is the tech itself and the number of protocols already using their omnichain messaging. They’ve also partnered with companies like Google Cloud, and seeing big names such as Citadel and Ark Invest involved does add a bit of trust in a market that’s been shaky lately.
The recent price swings don’t really surprise me. There was a lot of hype after their Zero Layer-1 announcement and the talk about using zero-knowledge proofs for better performance. Plus, there’s a token unlock of around 25.7M ZRO coming up on Feb 20, so it makes sense that traders are jumping in and out, which is probably causing most of the volatility.
At the moment, the price is sitting around $2.5, with about $82M in 24-hour USDT volume. Today’s high was roughly $2.59 and the low went down to around $1.7.
Just sharing my thoughts — definitely do your own research and don’t invest more than you can afford to lose.
