I just saw the news that LayerZero wants to acquire Stargate, with an offer of 1 $STG for 0.08634 $ZRO. Based on the prices of $ZRO yesterday and today, we can use the price difference to gauge the market's confidence in this acquisition, which is quite interesting.
Yesterday, the price of $ZRO was about $2.44, which translates to an implied price of about $0.21 for $STG, while the actual price of $STG was around $0.19, resulting in a price difference of about 8.5%. This gap reflects that the market still has some doubts about the acquisition going through smoothly, but overall confidence is still relatively good.
Today, $ZRO dropped to $2.25, corresponding to an implied price of about $0.1943 for $STG, while the actual price of $STG fell to $0.18, narrowing the price difference to 7.4%. The smaller gap indicates that the market's recognition of this acquisition has increased, and investors are more inclined to believe that the proposal will pass smoothly.
This price difference is actually a pretty good indicator: a large gap means the market is worried about high risks; a small gap suggests that the transaction is more likely to succeed. Both 7.4% and 8.5% price differences are not considered large, indicating that most people believe this acquisition will ultimately proceed under the current terms.
Of course, risks still exist, such as uncertainty in the voting results and fluctuations in the ZRO price, which could all affect the final outcome. In the short term, the emotional fluctuations brought by such news are significant, and there is considerable room for speculation, but ultimately, we still need to focus on the voting and actual market feedback.
To summarize: the price difference has narrowed from 8.5% to 7.4%, indicating that the market's confidence in LayerZero's acquisition of Stargate is gradually increasing. Everyone can take this as a reference indicator, combining voting dynamics and market conditions to flexibly adjust their strategies.
The left side of the chart is yesterday's, and the right side is today's.
Show original
18.92K
54
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.