[ZRO] Layer Zero Speculation

[tokeweed]

In case you guys haven't heard, the Layer Zero devs have announced that they're launching an L1 called 'Zero'.  Lol.  The launch will happen later this year around October from what I heard and of course their token ZRO will be used as the native token in the network.

Not really sure what happens next but I'm looking forward to GTE's launch on Zero.  I thinking among these newer perps DEX's that launched after Hyperliquid, GTE could give them a run for their money.

Anyway, what do you guys think of ZRO's price after this announcement?  It spiked a bit but then it's going back now.  Will ZRO be one of those ones that'll go to the top 10 at CMC or nah?

[Yamane_Keto]

LayerZero has received three investments from Citadel Securities, Ark Invest and Tether, which confirms the seriousness of the project or at least that it is not just altcoins. The project promises a huge increase in scalability ~500x more than Solana, which means that they do not plan for the price of ZRO to increase over time and it may be a competitor to XRP, so if you want to invest, it should be long-term before you see results.

[shinratensei_]

They are creating their own L1 to scale further and handle their throughput which sounded okay. I honestly think that's not all there to it but instead they just want to add more utility to ZRO since the token is pretty much useless in my opinion, from the standpoint of utility.
The scalability concern could be just an excuse, but honestly it's better than letting ZRO just for governance and staking.

[tokeweed]

^  Yup after everything we have seen after the 2024 - 2025 bull run, almost all of the L1 and L2 projects have been duds.  Lol.  Wouldn't surprise me if this is gonna be another one.

What it has going for it tho is their timing.  The bear market is the best time to develop and make stuff and be ready for the next bull run.  If it's a bull market next year, this is one of the L1's to watch out for especially since GTE is gonna launch via this L1.

[dansus021]

This is based my own experience

I love Layer Zero not with their token price but with their own tech I personally use a lot via Gas.zip and Li.fi. I didnt notice that they are creating new chain but if so, I belive this one gonna be amazing. They now have more than 700+ application. Ton of chain supported.

But they didnt have bitcoin to ethereum like https://b1exch.to/ have, so guys use this one hehe.



I am not say that you guys should buy this token but thoose statistic said that this project has been used like a lot.

[shinratensei_]

I am not say that you guys should buy this token but thoose statistic said that this project has been used like a lot.

They got tons of OFT and the main go-to for a stablecoin that don't bother creating interchain bridge like CCTP so it's normal that they are being used a lot.
Utility wise, this projectis undoubtedly heavily utilised by project, everytime there is a new chain, they always partnering with layerzero to enable the bridge, latest I know is inkchain.

[tokeweed]

This is based my own experience

I love Layer Zero not with their token price but with their own tech I personally use a lot via Gas.zip and Li.fi. I didnt notice that they are creating new chain but if so, I belive this one gonna be amazing. They now have more than 700+ application. Ton of chain supported.

But they didnt have bitcoin to ethereum like https://b1exch.to/ have, so guys use this one hehe.



I am not say that you guys should buy this token but thoose statistic said that this project has been used like a lot.

The problem is the success of the project, a lot of times, doesn't directly translate to the price of the token.  If it really did then we're supposed to see Hyperliquid's HYPE at 100 USD per token rn... 

But no.  Sadly tokenomics matters a lot and market sentiment matters a lot more.  And right now, the sentiment overall isn't really that good and might continue to be so for the next few months.

Be careful out there guys, stay safe.

[dansus021]

The problem is the success of the project, a lot of times, doesn't directly translate to the price of the token.  If it really did then we're supposed to see Hyperliquid's HYPE at 100 USD per token rn... 

But no.  Sadly tokenomics matters a lot and market sentiment matters a lot more.  And right now, the sentiment overall isn't really that good and might continue to be so for the next few months.

Be careful out there guys, stay safe.

Agreed, Im still curious why token like HYPE is really that hype you know what Im sayin. I know one thing that they regulary buyback their token use revenue from their platform. But HYPE is token that outperform bitcoin and eth.

Altseason is dead so most of the token after launched they didnt go pretty well too but i do really like the project

[tokeweed]

^  The thing Hyperliquid has for it is their devs.  They made a lot of smart decisions and have executed well from the protocol's launch, to the success of TGE, to the success of HIP 3 and to where it is right now on the verge of launching HIP 4 which could be another success.

Not saying they're perfect but they're among the best devs in crypto rn.  Good execution overall.  HyperEVM and the spot market kinda lagging tho.