ZRO targets $2.60 as Stargate approves LayerZero’s acquisition proposal

CoinJournal
CoinJournal
ZRO-4.10%
ETH-2.28%
BTC+0.53%

TL; DR

  • ZRO is down 7.5% and is now trading at $2.01.
  • The bearish performance comes despite Stargate DAO approving LayerZero’s acquisition proposal.

Stargate DAO approves LayerZero’s acquisition proposal

The cryptocurrency market was volatile over the weekend, with massive gains recorded on Friday wiped out on Sunday. Bitcoin briefly dropped to the $110k region while Ether is now trading above $4,700 after setting a new all-time high of $4,953.

The bearish performance affected LayerZero’s ZRO as the coin has now lost more than 7.5% of its value in the last 24 hours. Thanks to this bearish trend, ZRO is now trading at $2.01.

The negative performance comes despite a massive development for the LayerZero ecosystem. LayerZero Foundation announced on Saturday that Stargate’s governance organization has approved its acquisition offer with nearly 95% of votes in favor....

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