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Analysis of LayerZero’s ZRO Token Surge

Jul 2, 2024

LayerZero's ZRO token witnessed a significant upsurge of 36% in the previous week, driven by the positive market atmosphere sparked by Bitcoin's recent rebound. Data from CoinMarketCap reveals that Bitcoin surpassed $63.7K, showing a notable increase from the prior week's low of $59.9K, before stabilizing just above $62.9K. At present, ZRO is trading at $3.82, reflecting an 11.09% rise in the last 24 hours. This surge has propelled ZRO's market cap by 11.13% to $420,426,035, placing it at the 140th ranking. Furthermore, the trading volume in the past 24 hours has grown by 15.93%, reaching $495.39 million.

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