Zora (ZORA) reached a new ATH of $0.1396 today, August 11, according to data posted by market analyst Crypto Patel. The price hit this level briefly before settling at the current $0.1372, representing a 46.1% increase over the past 24 hours. The asset’s market valuation currently hovers at $441.96 million, indicating robust buying activity and rejuvenated confidence in its offerings.
Base, Binance Futures Game-Changers
The rise came amidst heightened activity in the broader virtual currency market, with multiple assets recording significant surges. While tokens like Stellar (XLM), Bitcoin Cash (BCH), Hedera (HBAR), and several others have registered notable gains, ZORA’s surge to a new high stands out because of its recent two major development activities: the asset’s strategic integration with the Base Network and its launch on Binance Futures.
Zora’s integration with the Base protocol on July 21 aimed to simplify content tokenization and transactions, allowing people to monetize virtual tokens directly.
Also, last month on July 27, Zora got listed on Binance futures, a move that significantly widened its accessibility and liquidity.
These two catalysts drove a massive increase in the asset’s trading activity. Data reveals that user participation has surged immensely on Zora‘s socialFi platform, with over 1.6 million tokens minted and more than 180,000 unique creators tokenizing posts on the platform, indicating rising interest in Zora’s network.
Increased Confidence in Zora
ZORA’s price movement highlights its function in the digital creator economy by allowing creators to tokenize and trade decentralized content through the power of blockchain.
The Base network incorporation, which streamlines accessibility to decentralized markets, has improved Zora’s network application for minting content tokens. This integration with the Coinbase ecosystem has attracted interest from individual and institutional investors, a development that has made ZORA among the top trending virtual assets across trading platforms.
Market analysts point out the asset’s rapid growth as an indicator of a wider shift towards Web3 content creation. ZORA has become a major participant in the growing blockchain space, thanks to its social media popularity, calculated platform integrations, and surging trading volume. Over the past 34 days, its value increased by 1260%, an indicator that the decentralised market is favouring assets with advanced applications and rising adoption.
