Zora NFT Minting Surge Offers New Crypto Trading Opportunities

If you're into short-term crypto trading, here's some exciting latest news on cryptocurrency that could be a game changer. On May 5, 2025, Jesse Pollak dropped a big update on Twitter, announcing the minting of a new asset on Zora, a growing name in the blockchain crypto world. And the market responded—fast.

According to Dune Analytics, on-chain activity on Zora shot up, with NFT minting volume increasing by 24% in early May. This is a strong signal that traders are jumping in early to take advantage of primary NFT launches.

What’s Happening on Zora?

• Ethereum (ETH) jumped 2.3%, moving from $3,150 to $3,222.
• Trading volume spiked by 18%, reaching over 1.2 million ETH.
• Zora’s wallet interactions hit 5,000+, up 15% in 24 hours.

AI Bots for Trading: Reacting Fast to Crypto News

AI bots for trading likely contributed to this rapid market reaction. These bots use cryptocurrency AI trading strategies to scan social media, adjust positions, and react before human traders.

AI tokens like Fetch.ai (FET) and SingularityNET (AGIX) also rose 5% and 7% after the Zora news, showing how the Ethereum ecosystem can impact AI-related assets.

Technical Signals: Is ETH Still Bullish?

• RSI for ETH: 62 – suggesting further upside potential.
• MACD shows bullish crossover – momentum is building.
• Trading volume remains high – above 1.1 million ETH.
• Gas fees rose by 10%, driven by NFT transactions.

Traders looking at ETH/USDT may aim for a target price of $3,300 and place stop-loss orders at $3,100.

NFTs, Ethereum, and Image Generators: What's Next?

As activity on Zora grows, so does the use of tools like NFT image generators. The NFT market cap also increased by 3.5%, hitting $7.8 billion. That’s another bullish sign.