LayerZero Soars 185%, Midnight Hits New High Amid Stable Market
The cryptocurrency market remained stable over the weekend, with Bitcoin and other major tokens trading within a narrow range. This stability followed the release of a weak US nonfarm payrolls (NFP) report on Friday.
Despite muted movements in the broader market, several altcoins drew increased attention due to sharp price actions and technical signals. LayerZero, for instance, experienced a remarkable rally over the past few months, rising from $0.7097 in August to $2.02. This increase represents a gain of more than 185% from its August low.
LayerZero's market capitalization now exceeds $813 million, with a daily trading volume above $258 million following a 35% jump. The token moved above the significant resistance level at $1.3378, which marked its highest point on August 25.