- ZRX (0x): A Quick Introduction
- ZRX (0x): Revolutionizing The Crypto Space
- ZRX Price Prediction: Technical Analysis And Price History
- ZRX Price Prediction: By Industry Experts
- Is ZRX A Good Investment? When Should You Buy It?
- Final Thoughts
ZRX has an impactful value stored for the future. Before investing in ZRX, we suggest checking out our ZRX price prediction to get a clear investment idea.
ZRX is the native and staking token of 0x Protocol. The 0x Protocol allows Ethereum tokens to be traded directly from the Ethereum wallet at a low cost. ZRX has been building its positive momentum due to its dominance and features in the crypto market. Let’s determine ZRX’s future price and performance from our ZRX price prediction and consider whether you should add this coin to your portfolio.
ZRX (0x): A Quick Introduction
0x Protocol is a decentralized exchange (DEX) protocol that allows users to peer-to-peer exchange assets on the Ethereum network. 0x Protocol aims to ensure the security of investors and transactions with ZRX’s lightning-fast speed. ZRX protocol was developed and launched by 0x Labs, an organization based in San Francisco, with the motive of establishing its dominance in the crypto market with the 0x ecosystem. Will Warren and Amir Bandeali led 0x Protocol’s development, and they organized ZRX’s ICO in December 2017 and raised over $24 million. Basically, ZRX is used to pay fees to node operators (nodes that host maintain liquidity), as well as ZRX token holders can vote for the developments of the Protocol.
0x Protocol focuses on the fundamentals of private and censorship-resistant transactions, unlike other cryptocurrencies, i.e., Bitcoin and Ethereum, wherein all transactions and processes can be traced. The cryptography mechanism of ZRX (0x) Protocol acts as a protective cover that shields all transactions, keeping all data completely private and safe. Let’s know ZRX’s current market details to clarify our ZRX price prediction better.
| Cryptocurrency | 0x |
| Ticker Symbol | ZRX |
| Price | $0.2757 |
| Price Change 24H | -7.68% |
| Market Cap | $233,869,583 |
| Circulating Supply | 847,496,054.80 ZRX |
| Trading Volume | $22,470,247 |
| All Time High | $2.53 |
| All Time Low | $0.104 |
| 0x ROI | +146.62% |
ZRX (0x): Revolutionizing The Crypto Space
As described by the founders, 0x Protocol facilitates the peer-to-peer (P2P) transaction of Ethereum-based assets. In addition, 0x offers users a secure, audited smart contract, developer tools built on the 0x ecosystem, a decentralized global P2P order log (0x Mesh), and an API that enables easy access to the total liquidity gathered from a growing number of exchange networks.The whitepaper describes “a protocol that facilitates low friction peer-to-peer exchange of ERC 20 tokens on the Ethereum blockchain, where the protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality.”
The 0x Protocol aims to reduce congestion in transactions to execute faster, and thus it improves reliability while operating on the Decentralized Exchange (DEX). As a result, users can use this platform for multiple development tasks like data storage, cryptocurrency exchange, prediction market, and other impactful use cases.
Here is the list of things that one can build on the 0x Protocol:
- An over-the-counter (OTC) trading API
- A decentralized exchange platform for X asset on Y market
- A marketplace like eBay to sell digital goods
- A trading bot for improving market
- Building a DeFi protocol for liquidity and exchange to function (e.g., a derivative, lending, or options protocol)
0x Protocol launched its API on OptimismPBC, becoming the first DEX platform available on seven chains or L2 networks. The Protocol plans to expand its multichain further to other L2s and non-EVM chains for its Multiverse Version 3.
0x Protocol partnered with Coinbase NFT to boost the NFT marketplace. In addition, Set Protocol recently announced its partnership with 0x Protocol for innovative developments in the crypto ecosystem and contract improvements. According to our ZRX price prediction, it is expected that ZRX’s partnerships and developments will push this Protocol further and touch an overwhelming value in the future.
ZRX Price Prediction: Technical Analysis And Price History
Before moving on to ZRX price prediction, it is vital to know its price history to get a rough idea of ZRX’s future potential. ZRX has given an overwhelming return in the past, and our ZRX price prediction suggests a bright future for ZRX. However, it is advised that price history does not guarantee our ZRX price prediction.
At the time of launch in 2016, ZRX traded against the dollar at around $0.19. However, this did not last long as the token rose to a $0.38 high in September 2017. In 2018, the ZRX token began its upward movement at $0.904355, and by the beginning of January, ZRX touched $1.894210. After that, it again surged and reached $2.369930 in the same month, which was the result of investors’ sudden spike in altcoins in the year. The coin maintained its stability for a while; however, ZRX began to see a downfall to $0.322515 by the end of 2018.
In 2019, the decline continued from $0.27072 and ended the year at $0.189462. However, ZRX made a high at $0.349407 in June. In 2020, the crypto market started a downfall trend, and in 2021 0x dropped from $1.15 on 1 December to $0.80 on 31 December 2021. On 21 April 2022, the coin hit a high of $1.18, giving an upswing of over 50% over three days. Unfortunately, due to covid pandemic and the recent market crash, ZRX is currently trading near its bottom line.
According to CoinMarketCap, ZRX is currently trading near $0.27 with a market cap of $233,869,583. According to our ZRX price prediction, the Bollinger band’s upper limit is $0.4. If ZRX breaks this resistance level, we expect a price of around $0.65. Conversely, the Bollinger band’s lower limit is $0.15, and below this support level, ZRX may drop further and trade near $0.076. However, our ZRX price prediction indicates a negative momentum for ZRX in the upcoming months as RSI and MACD create selling pressure.
By the end of 2022, ZRX is expected to reach a minimum of $0.45. If the crypto market favors 0x, then we can see its price again at $1.31 in 2025. Our ZRX price prediction suggests an excellent future for ZRX as it can skyrocket soon and reach $9 in 2030.
ZRX Price Prediction: By Industry Experts
According to Wallet Investor’s ZRX price prediction, a long-term increase is expected; the 0x price prognosis for 2026 is $3.584. With a 5-year profitable investment, the revenue is expected to be around +341.39%.
Trading Beast’s ZRX price prediction suggests that ZRX coin has a bright future among other digital assets on the chart for long-term investment. It might get marginally impacted, but bulls will be back for trade, and around 2024, its 0x price could skyrocket to an average of $1.010.
Will Warren, CEO of ZRX labs said, “We put our ecosystem of integrators first because if they succeed, we all succeed. Many of the top crypto companies already use and trust 0x, and we’re ready to take the next big step in our mission by onboarding the next 100x wave of users, businesses, and institutions to Web3.”
Is ZRX A Good Investment? When Should You Buy It?
According to our ZRX price prediction, ZRX has a slow and steady future. However, it can skyrocket anytime, depending upon the market and its innovative developments on the path. Our ZRX price prediction advises an entry point at $0.12 for a great return on investment in the long run.
Final Thoughts
Our ZRX price prediction reveals that ZRX is a profitable investment option in the long term. ZRX has gained the market’s attention due to its popular peer-to-peer exchange of coins on the Ethereum network. As Ethereum is expected to remain in the crypto market, it is also likely that ZRX will still serve some relevance. Our ZRX price prediction suggests that investors refrain from any massive investment in the crypto market. However, investors are advised to research the coin before investing as the market can change its mood anytime.
