ZORA Price Prediction: CEX Blockchain Integration Triggers a Weekly big pump of 280%, Discussion Volume Surges and Further Increases Expected

Zora Protocol continues its strong pump, reporting 0.08544 USD in the European morning session today (28), with a weekly increase of over 280%. This pump is attributed to a series of strategic developments, such as support for CEX contracts and integration with CEX applications.

ZORA is the native token of the Zora Protocol. The Zora Protocol is a Web3 content platform that allows creators to create, own, and trade content. This new milestone marks a dramatic breakthrough for the token after experiencing a three-digit pump, signaling its recovery from a long-term bear market.

Why has the Zora price pumped so much?

ZORA was launched in late April, with a total issuance of 10 billion tokens, of which 10% is allocated to early users through an airdrop program. The token has also been listed on several major exchanges.

However, the initial excitement quickly cooled down. As the number of users and traffic declined, the price of Zora also fell.

It wasn't until mid-July, after ZORA was integrated into the CEX application, that the situation began to improve. It was reported that CEX launched this application on July 17, which is a new version of its CEX wallet. The application utilizes the infrastructure of Farcaster and Zora, allowing users to easily tokenize and trade assets.

ZORA tokens play an important role in minting content coins, paying referral fees, and participating in ecosystem incentives. The integration with CEX applications has triggered a strong pump in prices, while many other factors further contribute to the price increase.

On July 25, the CEX contract launched the ZORA contract, with leverage up to 50 times. The combination of ZORA's popularity and practical use cases has caused the price of this altcoin to surge by 280% in the past week.

Data shows that ZORA set a historical high of $0.1003 on July 27, followed by a slight pullback.

With this price pump, the market value of ZORA tokens has surged significantly, skyrocketing from about $35 million to nearly $300 million, bringing substantial profits to many investors.

Onchain Lens shared: "As the market value of ZORA exceeds 300 million dollars, whales holding more than 3 times long positions in ZORA are currently temporarily profiting over 2.2 million dollars."

Not only has the price surged, but the discussion volume regarding ZORA has also increased significantly. According to data from LunarCrush, in the past week, mentions of ZORA rose from 2,893 to 8,378, an increase of approximately 189.6%. Similarly, interactions increased from 4.2 million to 7.4 million.

ZORA has also become one of the most popular cryptocurrencies on CoinGecko.

(Source: LunarCrush)

The activity on the Zora platform has also seen a significant increase. According to the latest data from Dune Analytics, the total number of tokens created on the platform peaked on July 27, exceeding 54,000. Additionally, the number of independent creators has also set a new record of 22,567.

(Source: Dune)

These numbers show Zora's impressive revival, reflecting not only its resurgence but also the continuous expansion of the platform's influence.

Although the future of the token depends on market conditions, the current trends highlight the potential of combining social technology, finance, and blockchain.