We continue our articles by introducing you to new crypto assets available for trading on StormGain. This time, we'd like to introduce you to the ZRO coin. Following a recent controversial ZRO airdrop, the new crypto asset release caused a mixed reaction from the community. However, despite the public reflections, the ZRO crypto is the focus of public attention. This article discusses the ZRO meaning, tokenomics, and ZRO token airdrop and highlights LayerZero (ZRO) price predictions for 2024 and beyond. Let's dive in! 

What is LayerZero (ZRO)?

As is tradition, we'll begin with an explanation of ZRO's meaning. LayerZero (ZRO) is an omnichain interoperability protocol that provides for a lightweight message passing across different blockchains and supports permissionless development through immutable smart contracts called Endpoints. The project's primary goal is to allow direct and trustless communication between different networks. Its interconnected blockchain ecosystem represents a unique combination of smart contracts and oracles, ensuring secure cross-chain communication. 

As stated in the LayerZero white paper, "LayerZero is the first system to trustlessly enable direct transactions across two chains. Allowing transactions to flow freely between chains provides opportunities for users to consolidate fragmented pockets of liquidity while also making full use of applications on separate chains."

Since the V1 release in 2022 and the V2 launch in 2024, hundreds of developers have interacted with the protocol, resulting in 200+ apps built and 130+ million messages sent across 70+ blockchains. 

ZRO token

ZRO is the native governance token of the LayerZero protocol. Its primary purpose is to encourage users' active participation and facilitate users' decision-making within the community. 

The ZRO token was officially listed on Binance on 20 June 2024. ZRO token holders are privileged to vote on the changes and enhancements of the LayerZero protocol. 

To promote a broader ZRO token adoption, the ZRO token airdrop allocated 8.5% of the total token supply to eligible wallets. As a result of the ZRO token airdrop, 5% of tokens were distributed to the core community, 3% to RFP (request for proposal), and 0.5% to the community pool.

ZRO token airdrop

The event came with controversies. The ZRO token airdrop launched on 20 June 2024. Within the first 20 minutes after the airdrop, the ZRO token's price increased by 15%, reaching $4.71. However, the asset's price dropped by 22% in the following two hours. This is a common pattern seen after an airdrop is claimed and token holders start to sell their newly acquired assets.

You will ask why the ZRO token airdrop was controversial. The issue lies in how users claim their tokens. LayerZero required users to donate $0.10 in stablecoins per each ZRO token claimed. In the crypto community, many criticised this as a "tax" on the airdrop, which shouldn't happen this way. In response, LayerZero co-founder Bryan Pellegrino stated that no one is entitled to the ZRO token airdrop, and users can decide whether they want to donate for the tokens to be claimed. 

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LayerZero (ZRO) price analysis

When writing this LayerZero (ZRO) price prediction on 24 June 2024, the ZRO token price was $2.68. With a market capitalisation of $668,848,759, LayerZero ranked #96 on CoinMarketCap. It had a circulating supply of 250,000,000 ZRO and a maximum supply of 1 billion ZRO tokens.

NOT price statistics (as of 24/06/24)

LayerZero (ZRO) price history

The ZRO token price has a short history. Following the ZRO token airdrop, the asset's $4.80 all-time high value was recorded. However, right after the price boost, the ZRO price plummeted by 17%, and the bearish trend is still ongoing. How far can it fall, and how high can it rise? Only time will tell. 

LayerZero (ZRO) technical analysis

The ZRO token currently trades between $2.84 and $3.42. The Bollinger Bands, Relative Strength Index, and Moving Average Convergence Divergence indicators suggest the token is in a consolidation phase. 

Is LayerZero (ZRO) a good investment?

The answer to this question depends on your risk tolerance and investment goals. If you are looking for short-term investment opportunities, funding the ZRO token might not be the best choice. From a long-term perspective, investing in ZRO could bring you significant rewards. 

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LayerZero (ZRO) price prediction for 2024 - 2040

Due to its short history, It seems too early to make price predictions for the ZRO token. However, some resources have already started sharing their forecasts. It's worth noting that different platforms provide different opinions about the asset's future. Below, we provide LayerZero (ZRO) price predictions for 2024, 2025, 2030, and 2040. 

WalletInvestor LayerZero (ZRO) token price prediction for 2024, 2025, 2030 and 2040 

WalletInvestor's price predictions for the LayerZero (ZRO) token are quite bearish, forecasting the price to decline from around $0.000002 in 2024 to $0.000003 in 2025. 

TradingBeast ZRO price prediction for 2024, 2025, 2030 and 2040 

TradingBeast forecasts a downward trend for ZRO in 2024, reaching $1.39. However, they predict significant price growth in subsequent years, with ZRO potentially reaching $3.62 in 2025, $4.70 in 2026, $3.88 in 2027, and $4.72 by 2030.

PricePrediction.net LayerZero (ZRO) price prediction for 2024, 2025, 2030 and 2040

PricePrediction.net is more optimistic about ZRO's short-term prospects, forecasting an uptrend to $2.97 in 2024. However, they predict a downward correction to $1.44 in 2025. Their long-term outlook is mixed, with negative predictions for 2026 but positive forecasts of $3.00 in 2027 and $2.89 by 2030.

LayerZero (ZRO) future forecast in general

As you can see, LayerZero price predictions are rather contradictory. There is no universal view on which trajectory the asset will move: upward or downward. The ZRO token's future price depends on many factors, like industry news, technological innovations, the legal position, and the crypto environment. 

How high can LayerZero (ZRO) go?

The long-term price predictions for LayerZero (ZRO) are quite bullish, with the token potentially reaching double-digit and even $20-$40 price levels by the end of the decade and into the early 2030s. However, the short- and medium-term forecasts show a wide range of uncertainty, with bullish and bearish outlooks.

How to trade LayerZero (ZRO) on StormGain

LayerZero (ZRO) is already available to trade on StormGain! Enjoy using an intuitive and simple interface of our web and mobile apps. Take advantage of up to 300x leverage and keep an eye on free trading signals for the maximum returns on your investments. 

To start trading LayerZero (ZRO) on StormGain, take the following quick steps: 

• Sign up on the website or mobile app (if you haven't done this yet). 
• Verify your identity by providing the required documents. 
• Deposit funds using your preferred payment method, like bank transfer, credit/debit card, or crypto. 
• Find the ZRO trading pair you want to trade on the trading platform.
• Place your trade order. You can choose between a market order (buy/sell at the current market price) or a limit order (buy/sell at a specified price).
• Set stop-loss and take-profit levels if needed.
• Close your position when you can realise your profits or cut your losses.

Always remember the risk associated with crypto investing. Buying and trading LayerZero (ZRO) tokens is no exception. Before trading with real money, practice on StormGain's demo account. When comfortable with the platform, deposit your account to start trading LayerZero (ZRO).

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