hitesh.eth
@hmalviya9
operating a thought train in between crypto and life // founder @dyorcryptoapp contributor: @0xfluid @nillionnetwork @nodeopsHQ @plumenetwork
5.7K Following    88.1K Followers
$ZORA was a memecoin. Not anymore. Now they've got a flywheel: Creator coins paired against $ZORA, with solid distribution from the newly launched Base App. Zora has witnessed a recent rise in key metrics like new creators, returning creators, daily traders, and trade volume. The spike in these metrics came after the Base App launch. There are around 5K creators on Zora now. They’re making around $17K daily since the Base App launch. That’s around $3.4 per creator on average, daily. If that trend continues, then creators could make $100 every month on average. But that doesn’t look like it’s going to happen. More creators onboarding would dilute the total reward pool, and some creators will take away most of the pool. All of this might help Zora gain attention, but in terms of scale, creator coins look interesting in the longer run - only if the Base App goes mainstream from here. And looking at Coinbase’s presence in the USA, that looks possible. So it’s a great speculative bet here with its own long-term risks. I’m not sharing any financial advice. I’m not holding $ZORA. I just thought to share some key insights - which I did. And you can always lose money if you APE BLINDLY.
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