Zora Crypto Soars 30% After Robinhood Listing
Not all cryptocurrencies are suffering in the current market downturn. Zora crypto experienced a 30% price hike on October 9, thanks to its new listing on Robinhood.
The listing on Robinhood is a big win for Zora. It means more traders can now buy adn sell Zora tokens (ZORA). This exposure could reduce price swings and boost its value over time. This is the latest in a series of positive developments for Zora, despite the overall market downturn.
Robinhood’s decision to list Zora (ZORA) exposes the token to a vast network of traders. This could stabilize its price and boost its value in the long term.This listing follows zora’s addition to Binance Futures in July and increased activity on its social media and creator-focused chain.
What is Zora crypto? It’s an Ethereum-based protocol for media and the creator economy. It operates on its own layer-2 network, the Zora Network, using the OP Stack technology.This technology powers Optimism and Base, offering cheap transactions while maintaining ethereum’s security. Zora also integrates with Coinbase’s Base App, allowing creators to tokenize and sell their posts to Base users.
This integration has driven meaningful growth in zora’s volumes. By the end of July,the number of generated tokens reached 50,000,up from just 6,000 earlier in the month.Zora’s activity also contributed to the growth in the base ecosystem. In August,base surpassed Solana in daily token launches,partly due to the surge in tokenized posts on zora.
