STG (StarGate Finance) rose 15.54% in the last 24 hours.

Gate News Bot news, August 11, according to CoinMarketCap data, as of the time of publication, STG (StarGate Finance) is currently priced at $0.19, having risen 15.54% in the last 24 hours, with a peak of $0.20 and a low of $0.15. The current market capitalization is approximately $127 million, an increase of $17.1 million compared to yesterday.

StarGate Finance is a global liquidity layer that connects over 50 blockchains, allowing assets to move instantly and securely to where they are needed. Since 2022, StarGate has become the global liquidity layer driving cross-chain asset movement across over 80 blockchain ecosystems. The platform supports cross-chain transfers of various cryptocurrencies such as USDC, USDT, ETH, BTC, aiming to make funds move as easily as messages on the Internet.

Important news about STG recently:

1️⃣ The LayerZero Foundation proposes to acquire StarGate The LayerZero Foundation has officially proposed to acquire StarGate (STG). This potential acquisition plan is described as “bringing the bridge home,” suggesting possible synergies between LayerZero and StarGate. This move may aim to integrate the technologies and resources of the two projects, further strengthening cross-chain infrastructure.

2️⃣ The market reacts positively to the acquisition proposal The STG token experienced a significant pump after the acquisition proposal was announced, with a rise of 15.54% within 24 hours. This indicates that the market holds an optimistic view towards this potential merger, believing that it could bring new development opportunities and value enhancement for StarGate.

3️⃣ Prospects of Cross-Chain Technology Integration LayerZero, as a well-known cross-chain protocol provider, could bring technological synergies with the potential integration of StarGate. This may enhance StarGate’s cross-chain capabilities and improve its competitiveness and application scenarios within the multi-chain ecosystem.

From a technical perspective, the STG token has broken through the recent consolidation range, showing strong upward momentum. However, investors still need to closely monitor the follow-up progress of the acquisition proposal and its potential impact on the STG token price.

This message is not intended as investment advice; investors should be aware of market volatility risks.