The Layer Zero worth plunged 23% within the final 24 hours to commence at $3.13** as of **4.45 a.m.** EST on buying and selling quantity that surged to **$645 million.
The
LayerZero price plunged 23% in the last 24 hours to trade at
$3.13 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, BNBChain, and Avalanche. ZRO Claim Is Live. https://t.co/BjBvTMRJjJ Supported Chains: Ethereum, Arbitrum, Optimism, Base, Polygon, BNBChain, and Avalanche. pic.twitter.com/k2Fv2UKMoB — LayerZeroFoundation (@LayerZero_Fndn) June 20, 2024 Over the last few weeks, the project also announced several partnerships and integrations of LayerZero with other projects, including Taiko, P-OPSSquad, BounceBit, Iskra, Symbiotic, and others. However, the project had the misfortune to launch at the beginning of the latest bearish wave, which has a lot of crypto prices tumbling. That means it has a
good chance of bouncing back should the current correction end. LayerZero Price Prediction The LayerZero price saw a strong correction post-launch, but this could present an opportunity for traders. Overall, the project has seen several partnerships and integrations, as mentioned, which means that it has good 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 will bounce back up and gain strong momentum as traders move into 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 price began spiraling down until it reached
$3.13. With a seemingly strong support at
$3.10, it’s 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 last few hours, which is a bearish sign. On the other hand, the project’s Relative Strength Index (RSI) value has started climbing up after dropping to the oversold zone several hours ago. Right now, it sits in the neutral zone at 54.35, which indicates 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 price. While ZRO has strong resistance to breach on its way to recovery, a shift in the market sentiment will likely allow the token to see a strong recovery in the hours or perhaps days to come. A Promising Alternative To LayerZero While LayerZero’s drop does present a good opportunity to buy the dip, there are even better but currently
less risky options for those looking to generate profits in the crypto sector, and that’s to invest in a hi-tech memecoin like WienerAI (WAI). WienerAI is a memecoin that combines a dog, a sausage, and artificial intelligence. The project is a memecoin only on the surface. Under the funny design and a laidback attitude lies one of the most advanced AI-powered trading companions the industry has seen so far. Calling it the “ChatGPT of crypto,” WienerAI’s upcoming trading bot will revolutionize trading, enabling new and experienced traders to find the best opportunities in the market quickly. The bot uses predictive technology to infer the most profitable opportunities in the market at any given moment and suggest them to the trader. Contemplate WienerAI the ChatGPT of crypto. Not only will the Bot find profitable trades with unmatched accuracy and provide 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) pic.twitter.com/5HFpCmVOHh — WienerAI (@WienerDogAI) June 11, 2024 Crypto YouTube channel 99Bitcoins, which has over 705k subscribers, says the project has 50x to 100x potential. The WAI presale has already raised over
$6.1 million and is one of the most successful presales of the year. Since WAI is not listed yet, it could also present upside potential while being resistant to the current market volatility WAI tokens are currently priced at
$0.00072 and can be purchased using ETH, BNB, USDT, or a credit/debit card. Act quickly if you’re interested as a price hike is coming in less than seven hours. Visit WAI official website.
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