- The A16Z team plans to lock the ZRO codes acquired for a period of three years to ensure the stability of the market.
- The ZRO price is well prepared for the main bullish apostasy if the broader encryption market increases in the near future.
Andressen Horowitz (A16Z) has been a major contributor to the success of the Layerzero (zro) omnichain. On Thursday, Ali Yahya, the A16Z Crypto General Press, announced that the investment capital company has invested an additional $ 55 million in Layerzero by purchasing ZRO.
According to the announcement, the A16Z will close the distinctive symbols that have been purchased over the next three years.
“Our global financial system is developing, and it is great to see the protocol that enables many new companies and the complex workflow to move on the series,” Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, male.
Deep A16Z connection with Layerzero
In the past few years, the A16Z has been a major supporter of Layerzero. The investment capital company participated in the Layerzero tour of the A+ series in 2022, which closed at $ 135 million that were raised and evaluated about one billion dollars.
In 2023, A16Z was among 33 participants helped Layerzero raised $ 120 million in the B series B, thus three dollars.
The strategic investment in Layerzero helped her to build the infrastructure needed to enable a communication protocol between the chain unreliable with the help of distinctive symbols.
Impact on zro
After this announcement, the price of ZRO increased more than 5 percent over the past 24 hours to trade about $ 2.49 on Thursday, during the mid -New York session. The average evaluation, with a fully diluted evaluation of about 2.49 billion dollars and the average trading volume 24 hours, is about 66.6 million dollars, which is a possible reflection pattern.
From the point of view of technical analysis, the price of the ZRO was a possible pattern of the opposite and the shoulder pattern (H&S) along with the bullish difference of the daily relativity index (RSI). As a result, a fixed closure above the resistance level is about $ 3.26 will lead to a crowd exceeding $ 5.
