Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Interoperability Protocol Asset Surges After a16z Acquires $55,000,000 Worth of the Project’s Native Asset

An under-the-radar altcoin witnessed a mild jump in price on Thursday after the venture capital giant Andreessen Horowitz (a16z) announced it was investing $55 million in the token. Ali Yahya, a general partner at a16z crypto, announced the investment in ZRO , the native token of the omnichain interoperability protocol LayerZero. LayerZero aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” Yahya notes the a16z investment has a three-year lockup. ZRO was trading around $2.33 prior to the announcement and surged to a high of $2.54 around 90 minutes later. The 208th-ranked crypto asset by market cap has since partially retraced to $2.46 at time of writing, though it remains up by more than 2.5% in the past 24 hours. The overall crypto market cap, by comparison, is down more than 1% in the past day. Earlier this week, the on-chain perpetual exchange GMX announced LayerZero would serve as the “preferred messaging infrastructure provider” for its multichain expansion. The XDC Network, a layer-1 blockchain, also recently announced a LayerZero omnichain integration. Explains XDC, “This integration connects the XDC Network to over 125+ LayerZero-supported blockchains, empowering developers and enterprises to build omnichain applications interacting across networks with enhanced trust, speed, and efficiency.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Interoperability Protocol Asset Surges After a16z Acquires $55,000,000 Worth of the Project’s Native Asset appeared first on The Daily Hodl . Bitcoin.com

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HBAR, VET & ENA Crucial Support Levels – Your Guide to Mid‑Term Price Moves

Examining key price benchmarks can reveal potential market shifts for HBAR , VET , and ENA . This guide delves into where these cryptocurrencies are headed in the coming months. Discover which ones are poised for growth and the crucial support levels to watch. Curious about the next big move? Dive into the analysis ahead. Hedera HBAR Dynamics: Short-Term Dips Amid Long-Term Surge and Key Levels Hedera price fell about 12% over the past month while climbing over 211% across six months. Volatility marked the recent decline, contrasting with a sustained rally that drove long-term gains. Sharp short-term corrections followed months of bullish buildup, showing the coin`s ability for rapid movements and high potential. Recent setbacks provide opportunities for recovery. The coin now trades between $0.1166 and $0.2485, with resistance near $0.3343 and secondary resistance at $0.4662, while support holds around $0.0705 dollars. Mixed indicators, such as an RSI near 47 and slight momentum, suggest no clear trend, indicating both bulls and bears share control. Traders may explore breakouts above resistance or look for rebounds at support to guide decisions. VeChain Market Update: Recent Trends and Key Price Levels VeChain dropped 7.56% over the past month while showing a modest 5.02% rise over the last six months. A strong 14.58% one-week gain added a burst of energy during a period marked by mixed performance. Price swings revealed short-term strength amid longer-term caution, with movements varying as traders reacted to market shifts. Technical measures indicated a balance between upward pressure and correction across different time frames. Current trading lies between $0.01797 and $0.03102. A resistance level is near $0.03891 with clear support at $0.01282. Bulls have pushed prices higher in the short term, but recent monthly losses suggest caution. With no clear long-term trend, traders might consider buying near support and watching for a breakout above resistance. Ethena Trading: Bearish Trends and Key Levels to Watch Over the past month, Ethena dropped by nearly 24%, while a six-month decline reached around 30%. Price losses have accumulated gradually, with technical measures like a 41.35 RSI and a slightly negative Oscillator contributing to the downward pressure. This sustained decrease cautions investors against expecting an immediate recovery. Current levels set immediate support at $0.24 and resistance near $0.53, with secondary markers at $0.09 and $0.68. Bears dominate, as technical signals lean bearish, with no clear uptrend in sight. Trading strategies focus on cautious long entries near support, emphasizing mindful risk management in case of a breakout. Conclusion HBAR , VET , and ENA are currently at crucial support levels. These levels are important as they could influence price moves in the mid-term. Monitoring these points may offer insights into potential buying or selling opportunities. If these support levels hold, more positive price action might follow. Failing to hold could lead to further declines. Keeping an eye on market trends and these key points is essential for making informed decisions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Bitcoin.com