What’s behind the recent Zora’s pump?
In the crypto market nothing ever stops. Prices don’t just rise or fall, they swing wildly, often like a rollercoaster ride. And right now, there’s something new making waves: Zora. It’s only day two of the buzz, but it’s already turning heads. Curious? Keep reading.
Today’s big headline: Zora launched a new tool called Creator Coins on Base, Coinbase’s Layer-2 chain. Instantly, ZORA, the token tied to Zora, blew up, extending its rally.
First, what’s Zora all about?
So, why is Zora suddenly getting so much attention? And is this just a short-term pump, or something more meaningful? Let’s find out.
In case you’re new to the name: Zora is a Web3 platform that lets creators, like artists, musicians, or influencers, turn their content into digital assets (NFTs). It’s kind of like a blockchain-based version of TikTok meets Shopify, where your content isn’t just for likes, it can actually earn you money.
Zora allows users to create content as tokens, buy and sell them, and earn rewards by referring others. It’s built to give creators more control and a way to make income directly from their communities. No middlemen, no ads, just blockchain-based ownership.
Imagine an NFT-powered social space where your content becomes tradable value.
Zora’s progress according to available data
Since the launch of Creator Coins on Base, ZORA’s price has seen a dramatic surge, rising from a monthly low of around $0.009 to a recent high of approximately $0.028, marking an impressive 200% increase. In just 24 hours around July 20, the token spiked nearly 80%, making it one of the fastest movers in the altcoin space. This sharp upward momentum is largely driven by Zora’s integration with the Farcaster ecosystem, which now enables users to mint content tokens directly from their social profiles using the Zora + Farcaster infrastructure.
Pro Tip: Why does Base matter? Base is a Layer-2 blockchain built by Coinbase, so it’s faster and cheaper than Ethereum, but still runs on its technology. By connecting Zora to Base, Coinbase is helping Zora tap into a massive user base with smoother, lower-cost experiences. In simpler words: less gas fees, more users, more action.
The momentum has been further amplified by coverage from outlets like BeInCrypto, Bitget, CryptoNews, Blockhead, and Binance, signaling strong market interest and growing adoption.
Overall, the numbers don’t lie. Since the Base App integration:
- The number of daily tokens minted via Zora has doubled, going from under 5,000 to over 10,000.
- Whale wallets (big investors) have increased their holdings by 7.9%.
- Public figures, think influencers, creators, and social profiles, have boosted their ZORA exposure by over 55%.
- The amount of ZORA held on crypto exchanges has dropped from 6.05 billion to 4.61 billion tokens.
Pro tip: When tokens leave exchanges, it often means investors are holding for the long term, not looking to sell immediately. That’s usually seen as a bullish sign.
Technical analysis on whether the rally is real?
On the technical side, things look solid.
- ZORA recently broke through a major resistance level at $0.015, which had previously acted like a ceiling for the price.
- It even formed what traders call a “god candle”, a big, powerful green candle showing strong upward momentum.
- What’s more exciting? A golden cross just appeared, that’s when the short-term moving average rises above the long-term one, often hinting at a possible long-term uptrend.
- Momentum indicators like MACD and RSI are also trending up, meaning buying pressure is still strong.
That said, the RSI is getting close to “overbought” territory, which could mean a small pullback might be coming. Unless a major reversal occurs, the uptrend appears to be holding strong.
Could ZORA hit a new all time high?
According to Binance, if this momentum continues, ZORA could make a move toward its all-time high of $0.034. If it breaks through that level with strength, it would enter what’s known as price discovery, where there’s no historical ceiling, and prices can rise based purely on demand.
Of course, that’s not a guarantee. Crypto can be wild. But right now, Zora is going positive.
Disclaimer: This blog is for informational purposes only. All opinions shared here are based on our predictions and analysis. Boztech strongly advises readers to do their own research and market analysis before making any investment decisions.
What’s next for Zora?
Zora seems to be positioning itself as a core part of the new “social-token” economy, where content, social profiles, and digital ownership all come together. If adoption of the Base App grows and more creators jump on, Zora could become a key player in how Web3 content gets monetized.
So whether you’re a trader, a builder, or just watching the space, Zora is one to keep on your radar.
Wrapping up
Zora’s recent rally isn’t just hype, it’s backed by a growing ecosystem, strong integration with Base, and serious user interest. While there may be short-term ups and downs, the long-term vision looks promising.
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