Here’s why XPIN Network, Boundless (ZKC), Zora crypto prices are rising

The crypto market remained under pressure on Friday, with most tokens being in the red. Still, some notable tokens like XPIN Network (XPIN), Boundless (ZKC), and Zora (ZORA) rose, adding millions of dollars in value to their market cap.

XPIN Network price soared amid ecosystem growth 

XPIN Network price went parabolic, moving from a low of $0.0003180 on October 10 to $0.0030 today. It has jumped by over 840% from its lowest level this month. 

This surge has brought its market capitalization to $39 million. Its 24-hour volume was over $173 million, which is a sign of resilient demand among investors. 

The XPIN Network price surge is happening because of the post-airdrop speculation among market participants. It is also happening because of the strong demand among users as the number of dNFTs rose to over 372.18k. 

Total $XPIN deposits have jumped to 2.55 billion, which are equivalent to $6.25 million. The loyalty APR has jumped to 365%, while the flexible APY has moved to 85%.

Still, the main risk for the XPIN Network price is that it has become highly overbought. As a result, the token will likely retreat in the coming days as investors start to book profits. 

Read more: Here’s the top reasons why the crypto market crash is happening today

Boundless jumps as investors buy the dip

Boundless price went parabolic, soaring by over 70% in the last 24 hours. This rebound happened as its 24-hour volume jumped to $237 million and the market cap hit $60 million. 

The ZKC price has jumped by over 150% from its lowest point this year. It remains about 70% below the highest point this year.

Boundless, which is backed by top players like Figment Capital, Bain Capital, Delphi Ventures, and Galaxy, jumped as investors bought the dip following its post airdrop crash. 

There was no immediate news that triggered the jump. The most recent Boundless news was the team’s response to concerns shared by DAXA and Upbit about its tokenomics. DAXA is a consortium of the biggest South Korean exchanges, with its members including Bithumb, Upbit, Coinone, and Gopax. 

DAXA was concerned about its tokenomics, which the team has tweaked. Specifically, it reduced the ecosystem fund to 23.25% from the previous 31%. 

Boundless crypto price is also rising as investors buy the post airdrop dip. However, like XPIN, there is a risk that this surge will be brief.

Zora price rebounds after Upbit listing

Zora token has rebounded in the past few weeks, moving from a low of $0.0413 in October to $0.1018 today. This rebound has happened because of the popularity of Base Blockchain tokens. 

Zora price jumped as the volume soared by 52% to over $264 million. This surge brought its market capitalization to over $454 million.

The ongoing rebound is happening as hopes that it will be listed on Binance, the biggest crypto exchange in the industry. These hipes rose after Coinbase announced its BNB token listing, leading to hopes that Binance would list tokens in Coinbase’s ecosystem.

Zora also jumped after being listed on Upbit, the biggest crypto exchange in South Korea. Data shows that its 24-hour volume on Upbit jumped to over $34 million. It is common for tokens to jump after being listed on top exchanges.