LayerZero

Foundation

Coin

The LayerZero price plunged 23% in the last 24 hours to trade at <a href="https://coinmarketcap.com/currencies/layerzero/" rel="noopener noreferrer nofollow">$3.13</a> as of 4.45 a.m. EST on trading volume that surged to $645 million.
The ZRO price drop came almost immediately after its launch yesterday. LayerZero Foundation announced the launch, reminding the community that its supported chains include Ethereum, Arbitrum, Optimism, Base, Polygon, BNB Chain, and Avalanche.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 ZRO Claim Is Live.<a href="https://t.co/BjBvTMRJjJ" rel="noopener noreferrer nofollow">https://t.co/BjBvTMRJjJ</a>
 Supported Chains: Ethereum, Arbitrum, Optimism, Base, Polygon, BNB Chain, and Avalanche. <a href="https://t.co/k2Fv2UKMoB" rel="noopener noreferrer nofollow">pic.twitter.com/k2Fv2UKMoB</a>
 — LayerZero Foundation (@LayerZero_Fndn) <a href="https://twitter.com/LayerZero_Fndn/status/1803744985029788042?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Over the last few weeks, the project also announced numerous partnerships and integrations of LayerZero with other projects, including Taiko, P-OPS Team, BounceBit, Iskra, Symbiotic, and others.
However, the project had the misfortune to launch at the start of the most recent bearish wave, which has a wide range of crypto prices tumbling.
That means it has a good chance of bouncing back should the current correction end.
<h2 id="layerzero-price-prediction">LayerZero Price Prediction</h2>
The LayerZero price has seen a strong correction post-launch, but this may provide an opportunity for traders. Overall, the project has seen numerous partnerships and integrations, as mentioned, which means that it has excellent connections and great potential. However, its price was quickly overwhelmed by the bearish sentiment.
Once it reaches the bottom — which may have already happened — it might bounce back up and gain strong momentum as traders move in to buy the dip.
The token launched with a price of about $4.09, only to see a surge to $4.7 in the first few hours. After that, its value started spiraling down until it reached $3.13. With a seemingly strong support at $3.10, it is unlikely that ZRO price will keep going much lower.
However, technical indicators still suggest that the market is strongly bearish at the moment. The token’s Bollinger bands, for example, have seen a sharp narrowing in the past few hours, which is a bearish signal.
<img decoding="async" class="aligncenter size-full wp-image-538497" src="https://insidebitcoins.com/wp-content/uploads/2024/06/LayerZero-Price-Prediction.png" alt="LayerZero Price Prediction" width="1794" height="903" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/LayerZero-Price-Prediction.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/06/LayerZero-Price-Prediction-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/LayerZero-Price-Prediction-1024x515.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/LayerZero-Price-Prediction-768x387.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/06/LayerZero-Price-Prediction-1536x773.png 1536w" sizes="(max-width: 1794px) 100vw, 1794px">
On the other hand, the project’s Relative Strength Index (RSI) value has started climbing up after dropping to the oversold zone a few hours ago. Right now, it sits in the neutral zone at 54.35, which suggests that traders have started buying.
This could mean that the price action will soon change, as well, and as the buying pressure increases, so will the token’s value.
While ZRO has strong resistance to breach on its road to recovery, a shift in the market sentiment will likely allow the token to see a strong recovery in the hours or possibly days to come.
<h2 id="a-promising-alternative-to-layerzero">A Promising Alternative to LayerZero</h2>
While LayerZero’s drop represents a good opportunity to buy the dip, there are even better but currently less risky options for those seeking to make money in the crypto sector, and that is to invest in a hi-tech meme coin such as <a href="https://insidebitcoins.com/visit/wienerai" rel="noopener noreferrer nofollow">WienerAI (WAI)</a>.
WienerAI is a meme coin that combines a dog, a sausage, and artificial intelligence. The project is a meme coin only on the surface. Underneath the funny design and a laid back attitude lies one of the most advanced AI-powered trading companions the industry has seen to date.
Calling it the “ChatGPT of crypto,” WienerAI’s upcoming trading bot will revolutionize trading, enabling new and experienced traders to find the best opportunities on the market quickly.
The bot uses predictive technology to deduce the most profitable opportunities on the market at any given moment and suggest them to the trader.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Consider WienerAI the ChatGPT of crypto.
 Not only will the Bot find winning trades with unrivaled accuracy and give meaningful reasoning for its suggestions, but WienerAI is Swap-Enabled–meaning you don't have to leave the App to place your trades. (3/4) <a href="https://t.co/5HFpCmVOHh" rel="noopener noreferrer nofollow">pic.twitter.com/5HFpCmVOHh</a>
 — WienerAI (@WienerDogAI) <a href="https://twitter.com/WienerDogAI/status/1800560959544840586?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Crypto YouTube channel 99Bitcoins, which has over 705k subscribers, says the project has 50x to 100x potential.
<iframe title="This Crypto AI Meme Coin Has 50x to 100x Potential!!! Weiner AI Presale" width="640" height="360" src="https://www.youtube.com/embed/xHVjj-OVy3s?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
The WAI presale has already raised more than $6.1 million and is one of the most successful presales of the year. Because WAI isn’t listed yet, it can also provide upside potential while being immune to the current market volatility
WAI tokens are currently priced at $0.00072 and can be bought using ETH, BNB, USDT, or a credit/debit card. Act soon if you are interested because a price hike is coming in less than seven hours.
<a href="https://insidebitcoins.com/visit/wienerai" rel="noopener noreferrer nofollow">Visit WAI official website.</a>
<h3 id="related-articles">Related Articles:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/wienerai-price-prediction" rel="noopener noreferrer nofollow">WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond</a></li>
 <li><a href="https://insidebitcoins.com/news/wienerai-soars-to-5-5m-in-presale-adds-2m-in-less-than-two-weeks-will-it-overtake-turbo" rel="noopener noreferrer nofollow">WienerAI Soars To $5.5m In Presale, Adds $2m In Less Than Two Weeks—Will It Overtake $TURBO?</a></li>
 <li><a href="https://insidebitcoins.com/news/new-ai-meme-coin-rallies-its-sausage-army-marches-past-6-million-in-presale" rel="noopener noreferrer nofollow">New AI Meme Coin Rallies Its Sausage Army, Marches Past $6 Million In Presale</a></li>
</ul>

LayerZero Price Prediction: ZRO Plummets 23%, But There’s No Stopping This Blockbuster AI Meme Coin ICO

Зміст

Inside Bitcoins

Інші статті, опубліковані 21 черв. 2024 р.

SEC v. Kraken: Key Takeaways From Latest Court Session

Data breach: Implications of websites selling citizen’s NIN, BVN details for ₦100

DEGEN crypto crashes after a 40% surge in 24 hours: What’s happening?

Tech mogul Michael Dell posts about Bitcoin online

USDT on Tron Network Surpasses Visa's Daily Volume: Details

Bitcoin Poised for Upswing as U.S. Federal Reserve Liquidity Set to Surge in 10 Days, Says Tedtal...

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!