ZRX is a token of platform 0x. Its current price is around $0.8124 by writing, with a low of $0.4514, and has a market cap of 688 million dollars.
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What is 0x?
0x is an Ethereum token that allows users to trade different Ethereum tokens directly from their wallets. The 0x Protocol is designed to provide a low-cost method of trading Ethereum tokens. Its API is a trading system for DeFi (Decentralized Finance) applications which enables fast, user-friendly trades and has a professional grade liquidity aggregator to allow people to make faster decisions.
0x Protocol’s Ethereum-based token (ZRX) can be used to pay trading fees. This maintains a decentralized system for makers to connect with takers. In addition, the 0x smart order routing system splits your transactions across multiple exchange networks, giving you the best possible fill rate with the lowest slippage.
What is ZRX?
ZRX is the token of the 0x platform, which is around $0.8124 by the time of writing, with a low of $0.4514. Its current ranking is #100 according to CoinMarketCap, with a market cap of 688 million dollars.
ZRX reached a high of $2.22, with a low of $0.4514. ZRX is a relatively new project built on Ethereum. However, quite a few other projects built on the 0x Protocol have been successful in volume. Moreover, it can be used for permissionless trading of various cryptocurrencies such as ETH.
ZRX Coin Market Analysis
ZRX has a max supply of 1,000,000,000 coins worth around $0.8124 with a market volume of 188 million dollars, whereas the market capitalization is 688 million dollars at writing.
ZRX Price Prediction
ZRX is predicted to reach an all-time high this year which might also be a benchmark. According to 0x price prediction, if it continues to grow strongly, the price can go up to $1.49 by 2025.
On 1w timeframe, the price action of $ZRX/USDT Formed out the Descending Triangle Pattern where the price action broke out the Resistance Trendline and failed out the Retest candle currently, the price action is respecting out the Horizontal Support Level.
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Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.