11.08.2025 05:14

LayerZero's native token, ZRO, experienced a remarkable surge, climbing over 22% in a single day, reaching a price of $2.5—its highest point since May. This significant market outperformance follows LayerZero's ambitious proposal to acquire Stargate Finance.

The acquisition proposal, put forth by the LayerZero Foundation, involves a substantial $110 million offer for Stargate's bridging infrastructure. Crucially, this proposal is now before the Stargate DAO for a vote by STG token holders. A positive outcome would result in the STG token's discontinuation, with holders receiving ZRO in exchange. This anticipated transition, along with the proposal's current 70% approval rate, has also propelled STG prices upward by over 15%. LayerZero's stated intention is to leverage Stargate's capabilities to expand beyond bridging and integrate it deeply into the LayerZero ecosystem, generating substantial revenue.

Technical indicators suggest continued bullish momentum for ZRO, although some caution is warranted. While the ZRO/USDT pair shows strong upward trends, its inefficiency hints at a potential temporary dip to consolidate before further gains. The Relative Strength Index (RSI) at 79 indicates ZRO is approaching overbought territory, suggesting a potential correction. Nevertheless, a positive MACD, signifying buyer dominance, supports the continued upward trajectory. Analysts predict that if the current momentum holds, ZRO could reach the next resistance level at $2.8 within the coming days. A sustained bullish trend could potentially lead to even more significant price increases.