ZORA reached a historic peak as user activity surged.

Token Zora (ZORA) has reached a new all-time high amid a strong bullish trend, pushing its value up over 1,460% in the past month. Additionally, user activity on the Zora platform is also booming.

This has rekindled interest, with lively discussions in the X community. Meanwhile, this altcoin has also become the center of attention as it rose to the position of the most trending coin on CoinGecko.

ZORA becomes the trending coin amidst a bullish surge

At the beginning of today, the price of ZORA reached $0.14, marking a new record. At the time of writing, the price of ZORA has adjusted to $0.128.

Thus, the price has increased by 35% in the past 24 hours. The double-digit breakout has helped Zora become one of the strongest gaining coins of the day on CoinGecko.

ZORA Price Chart | Source: TradingviewFurthermore, the daily trading volume recorded is at $312 million, up 80.2%. Notably, the majority of trading activity comes from Coinbase, accounting for 27.23% of the total volume.

The increase is not only limited to price. Zora is a blockchain platform that allows for the creation and trading of tokenized content along with creator coins – witnessing a strong explosion in user interaction levels.

According to data from Dune Analytics, the number of creators on the platform has increased more than 10 times compared to last month. The number of unique coin traders has reached 2.92 million, reflecting the growing level of participation and interaction.

User activity on Zora | Source: DuneAdditionally, both the number of new wallets and returning wallets have increased significantly. The activity of generating content coins remains high, with the daily coin creation consistently above 30,000 throughout the past month. These trends indicate a strong and expanding ecosystem, driven by growing interest and participation.

The level of interest recovering like this is not something new that has happened for the first time. Previously, users had created over 100,000 coins on this platform by the end of July, even surpassing Pump.fun.

Alongside the boom, ZORA is also gaining more attention. This altcoin is dominating discussions on crypto X.

An analyst once posted:

"Zora has been given easily and it's still undervalued — download the app, try it out with 20 dollars and you will understand, I guarantee."

Meanwhile, analyst Alexander pointed out several factors that enhance the appeal of Zora, including a visual model, fair token rewards for both creators and users, as well as breakthrough potential.

He writes:

"Zora is a platform where tokens and speculative activities are merely means to an end, not the ultimate goal. They can gradually be separated from most users, just like other types of social attention markets. Tokens here are actually useful in the context of the platform; people have real reasons to interact with them beyond mere speculation."

Not only on social media, the interest of retail investors in this asset is also increasing. Data from Google Trends shows that the search level for the keyword "Zora" has risen, nearing a score of 100, indicating great curiosity from investors.

Dinh Dinh