ZORA (ZORA) rose 18.12% in 24 hours

Gate News Bot news, on November 20, according to CoinMarketCap, as of the time of writing, ZORA (ZORA) is currently priced at $0.06, with a rise of 18.12% in the last 24 hours, peaking at $0.06 and dipping to a low of $0.05. The current market capitalization is approximately $263 million, an increase of $40.3 million compared to yesterday.

Important news about ZORA recently:

1️⃣ Zora injects large liquidity into Uniswap v3 On November 19, Zora injected $11 million in liquidity from its treasury into the ZORA-USDC trading pool on Uniswap v3. This move helps to enhance the liquidity of the ZORA token, providing users with a better trading environment, while also demonstrating the project's confidence in the future development of ZORA.

2️⃣ ZORA token price continues to pump The ZORA token has performed strongly recently, with a rise of 19.83% within 24 hours on November 13, reaching a high of $0.07. This upward trend continued into the reporting period, indicating the market's sustained optimistic attitude towards ZORA.

3️⃣ Market capitalization significantly rise With the price rise, ZORA's market capitalization has also seen a significant rise. On November 13, ZORA's market capitalization was approximately $318 million, an increase of nearly $52.6326 million compared to the previous day. This rapid rise in market capitalization reflects the growing recognition of the ZORA project among investors.

The rise in the price of the ZORA token may be directly related to its measures to enhance liquidity. The injection of substantial liquidity not only improves the trading environment but also conveys positive signals to the market, thereby driving the rise in token price and market capitalization. At the same time, the ongoing trend of price increase may attract more investors' attention, forming a virtuous cycle.

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