Zora (Zora) Token reached its highest ever high in a bullish rally that has rated its value over 1,460% over the past month. Additionally, user activity on the Zora platform is also rapidly increasing.
This has rekindled interest in Altcoin and has intensified debate via Crypto Twitter (now X). Zora also steals the spotlight and has emerged as Coingecco’s top trending coin.
Zora becomes Coingecco’s top trending coin in bullish rally
Data from Beincrypto Markets showed that Altcoin hit $0.139 early today, winning a new record. At the time of writing, Zora priced at $01.36.
This represents a 50.6% increase over the past day. The double-digit pump made the coin one of Coingecko’s best daily winners.
Additionally, daily trading volumes were recorded at $312 million, up 80.2%. In particular, the majority of trading activities come from Coinbase, which controls 27.23% of the total volume.
The rise is not limited to prices. Zora, a blockchain platform that allows for the creation and trading of tokenized content and creator coins, also saw a dramatic increase in user engagement.
According to data from Dune Analytics, the number of creators on the platform has increased by more than 10 times compared to last month. The number of unique coin traders reached 2.92 million, reflecting increased engagement and participation.
Additionally, there was a noticeable rise in both new and return wallets. Content Coin creations are consistently powerful, with daily creation levels exceeding 30,000 throughout the past month. These trends suggest an ecosystem of prosperity and expansion driven by increased interest and participation.
This revival of interest is nothing new. Beincrypto previously reported that users created over 100,000 coins in late July, surpassing Pump.fun.
This surge coincides with the increased attention surrounding Zola. Altcoin has dominated the debate over Crypto Twitter.
“Zora was handed over to CT on a silver platter, but still complaining deeply. Download the app and enjoy a bit for $20.
Meanwhile, another analyst, Alexander, highlights several factors that contribute to Zora’s appeal. This can be intuitive models, fair token rewards for creators and users, and potentially disruptive.
“Zora is a platform where tokens and speculation are not the end, but the means of ending. It can move away from most users, as is the case in other types of social/attention markets. The tokens here are actually useful within the context of the platform itself.
It’s not just social media. Retail interest in assets is also growing. Google Trends data has been shown to show significant curiosity from investors, with search interest for “Zora” approaching a score of 100.
Post Zola (Zola) hits the highest ever since a surge of user activity on the platform first appeared in Beincrypto.
