Blockchain Social Platform ZORA Extends Epic Rally with 55% Overnight Jump – $0.25 Next?
Main Idea
ZORA's native token has surged by 55% overnight, reaching a new all-time high, with analysts targeting $0.25 despite concerns over its fundamental metrics.
Key Points
1. ZORA's token price surged to a new all-time high of $0.1409, with gains exceeding 1,500% from its June floor of $0.00777.
2. The rally is fueled by factors like Base app integration, Binance futures listing, and high on-chain volume, with speculation of a 100% rally to $0.25.
3. ZORA is a blockchain-based social platform where users receive Creator Coins, with 50% of tokens allocated to creators and a 1% fee on trades paid in ZORA tokens.
4. Despite the price surge, adoption metrics show a decline, with new monthly addresses dropping from 60,000 to under 10,000 and active users falling from 200,000+ to 50,000.
5. Technical analysis indicates strong bullish momentum but also warns of potential corrections, with key resistance at $0.1600–$0.1680 and support at $0.1300–$0.1340.
Description
ZORA, the native token powering the trending blockchain-based social creator platform, has continued its surge , posting an overnight 55% rally that pushed the price to a new all-time high of $0.1409. While the token has since pulled back to $0.126 at the time of writing, the latest momentum has propelled ZORA to gains exceeding 1,500% from its June floor of $0.00777, positioning it near the coveted $500 million market capitalization threshold. $ZORA ATH Run: A 4-Day Explosion Aug 6: Base app in...
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