ZORA (ZORA) has pumped 12.90% in the last 24 hours.

Gate News Bot news, on October 17, according to CoinMarketCap data, as of the time of writing, ZORA (ZORA) is currently priced at $0.10, with a rise of 12.90% in the last 24 hours, reaching a high of $0.12 and a low of $0.06. The current market capitalization is approximately $460 million, an increase of $52.6 million compared to yesterday.

Zora is a decentralized creation and trading platform that allows users to mint, buy, sell, and collect digital artworks and NFTs. The platform aims to provide creators with more autonomy and revenue sharing.

Important news about ZORA recently:

1️⃣ Launch Believe Fund to Support Creators Zora launched the Believe Fund, initially investing 20 million ZORA tokens as startup capital. The fund aims to support the next generation of creators with potential and will gradually invest funds over the coming months to deepen the liquidity of creator tokens within the Zora economic system. This initiative is expected to attract more creators to join the platform and expand the ZORA ecosystem.

2️⃣ Price Continuous Pump Trend ZORA has shown a significant pump trend over the past week. Since October 10, the price of ZORA has risen consecutively for several days, with a considerable cumulative rise. This sustained rise reflects the rapidly increasing demand for ZORA in the market, and investor sentiment remains highly optimistic.

3️⃣ Market capitalization rapid rise Along with the price rise, ZORA's market capitalization is also rapidly expanding. It grew from 381 million USD on October 10 to 460 million USD on the 17th, an increase of approximately 79 million USD within a week. The rapid growth of market capitalization highlights investors' optimism about the prospects of the ZORA project and provides strong support for its position in the cryptocurrency market.

From a technical perspective, ZORA's price has seen a significant pump in a short period, and it may face short-term pullback risks. Investors should closely monitor the performance of price support levels to assess the subsequent market trends. At the same time, as a token of a decentralized creative platform, the long-term value of ZORA also needs to pay attention to the growth of platform users and the development of the ecosystem.

This message is not intended as investment advice, and investors should be aware of market volatility risks.