Zora launched the content monetization tool Creator Coins, ZORA has risen nearly 200% in two days.

After Zora launched the content monetization tool "Creator Coins" on the Base chain, the ZORA Token experienced a big pump for two consecutive days, with prices skyrocketing to a three-month high, rising over 80% within 24 hours, and a monthly increase close to 200%. Data indicates that the holding volumes of whales and the public have grown in sync, while the supply from exchanges has decreased, leading to a continuous improvement in the supply-demand structure of the ZORA ecosystem.

Zora integrates Base App to promote monetization for content creators

After Zora launched a new feature called "Creator Coins" on the Base chain, its Token ZORA experienced a strong pump. ZORA hit a three-month high of $0.022 on July 20 (last Sunday), before slightly retreating to $0.021, rising over 80% within 24 hours, and nearly 200% compared to the low point of this month.

The Gate market shows that ZORA is currently priced at $0.024770, with a 24-hour rise falling back to 57%.

The recent pump of Zora is believed to be closely related to the integration with Base App. Base App is a new wallet platform of the Layer2 network Base, allowing users to mint and trade content coins directly through social accounts, a feature supported by Zora and the Farcaster infrastructure.

ZORA Token use cases expand, on-chain activity doubles

In this ecosystem, ZORA provides the underlying technical support for content tokenization, and its token ZORA is used for:

• Mint content coin
• Payment Referral Reward
• Participate in the ecological incentive program

According to Dune data, since the integration with the Base App, the daily minting of Tokens on the Zora platform has surged from 5,000 coins to over 10,000 coins, and on-chain activity has doubled.

Whales and public accounts significantly increase holdings, exchange supply continues to decline

The on-chain analytics platform Nansen shows that whale wallets have increased their holdings of Zora by 7.9% over the past week, with a total holding of 8.08 million coins; meanwhile, public wallets have increased their holdings even more, by 55.3%, holding over 1 million coins in total.

On the other hand, the circulating supply of Zora on the exchange has decreased by 3.4% in the past week, currently standing at 4.61 billion tokens, significantly lower than the 6.05 billion in April. This trend indicates that the market's genuine demand for Zora is continuously increasing, and investors are more inclined to hold for the long term.

Technical Analysis: Multiple Indicators Support Continuation of Bull Market

From the daily chart, ZORA has recorded strong bullish candles for two consecutive days, following the "God Candle" with another green candle, indicating strong upward momentum.

From a technical analysis perspective, Zora has successfully broken through the key resistance level of $0.015, which is also the Fibonacci 38.2% retracement level and was previously a zone of heavy selling pressure.

More positive technical signals include:

• The 20-day moving average has crossed above the 50-day moving average, forming a "golden cross"
• Both MACD and RSI indicators are diverging upwards, indicating that buying pressure is continuously increasing.

If the current rise trend continues, ZORA is expected to further challenge the historical high of $0.034. If it breaks through this level, it will enter the "price discovery" phase, with a chance of achieving further rise.

However, be wary of the short-term RSI indicator approaching the overbought zone, which may trigger a technical correction.

Conclusion: Zora combines content creation, social interaction, and blockchain minting mechanisms to build new scenarios for Web3 content monetization. With the traffic support from the Base ecosystem, the ZORA Token is releasing strong bullish signals both technically and fundamentally. As Whales and public wallets continue to increase their holdings and exchange supply decreases, its pump potential is still worth paying attention to.