Zora Token Price Surges After Robinhood Listing
Zora crypto (ZORA) price jumped over 69% on Friday, October 10. The surge followed its listing on Robinhood. After a downtrend, the token hit a monthly high of $0.09213. It later stabilized around $0.08159.
The Robinhood listing is expected to expose Zora to more traders. This could reduce volatility and support long-term price growth.
Platform Growth and Ecosystem Updates
Zora’s Robinhood debut follows key updates this year. In July, ZORA was listed on Binance Futures. The platform has also seen rising social media engagement and creator activity.
Zora is an Ethereum-based protocol supporting the media and creator economy. It runs its own layer-2 network, the Zora Network, powered by the OP Stack. This technology also supports Optimism and Base.
The protocol integrates with Coinbase’s Base App. This lets creators tokenize and sell content directly to Base users. This integration boosted token generation significantly.
- In July, Zora generated 50,000 tokens monthly, up from 6,000.
- In August, Zora helped Base surpass Solana in daily token launches.
- Total tokens on the platform reached 1.6 million.
Current Market Performance
At the time of writing, ZORA trades at $0.08159. Its 24-hour trading volume is $419.28 million, up 48.10%, according to CoinMarketCap. The market cap is about $374.25 million.
While the price surge shows strong interest, crypto markets remain volatile. Listings can boost prices short term. However, long-term value depends on market trends and platform use.
