The 0x project was founded in October 2017 by a professional and ambitious team. It aims to create a protocol for the p2p exchange of any ERC-20 tokens in an open and decentralized environment. All operations in the 0x Protocol environment are performed through Ethereum smart contracts. This project offers exciting ideas, so it is definitely worth attention.
Let’s explore ZRX token, and take a look into the future of the coin. Here’s a new ZRX price prediction for 2022 and 2030 by Changelly!
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- 0x (ZRX) Overview
- What is 0x (ZRX) about?
- 0x Price Analysis
- 0x Price Prediction 2022
- ZRX Price Forecast for December 2022
- 0x Price Prediction 2023
- 0x Price Prediction 2024
- 0x Price Prediction 2025
- 0x Price Prediction 2026
- 0x Price Prediction 2027
- 0x Price Prediction 2028
- 0x Price Prediction 2029
- 0x Price Prediction 2030
- 0x Price Prediction 2031
- What does Zrx coin do?
- What are the benefits of Zrx?
- What is the difference between Zrx and 0x?
0x (ZRX) Overview
|Price Change 24h||1.90%|
|Price Change 7d||-0.56%|
|Circulating Supply||847,496,055 ZRX|
|All time high||$2.53|
|All time low||$0.10|
What is 0x (ZRX) about?
In 2017, a development team led by Amir Bandeali and Will Warren introduced the unique 0x protocol for the decentralized exchange of ERC-20 and ERC-721 tokens. Their main idea was to create a secure blockchain network for launching decentralized apps and over-the-counter cryptocurrency trading with minimal fees.
If Binance or Kraken are ready-made user applications, then 0x is the protocol on which new applications and trading platforms can be “built-in”. This approach solves the main problems of cryptocurrency exchanges:
- Lack of decentralization. The exchange is managed not by its participants, but by the administration. In 0x, the power is given to users – it is they who during the voting make decisions on the development of the platform.
- Vulnerability to Attacks. Servers and the protection of conventional exchanges can be hacked, and even top platforms like Binance have already become victims of hacker attacks. The protocol does not have a single server – its capacities are scattered all over the world, and the level of security of such a system is an order of magnitude higher.
- Inconvenience to users. Many traders know that the exchange can ban an account, and then withdraw funds from the balance will not work. Besides, for regular operation, you have to go through a complicated registration procedure, which is also not available in several countries. And to conduct transactions with fiat, you need to go through additional verification and pay a huge commission. And at 0x you don’t even need to register, install the application and get started.
All operations are outside the blockchain. Any user can run their application on the platform and become a relay that will maintain the system’s performance. A user will also receive a reward in ZRX, internal platform tokens. There are no restrictions on the size of the award, but it directly depends on the number of repeaters. The more repeaters, the lower the reward.
Tokens are also used to pay commissions within the network: for launching applications, creating orders, trading cryptocurrencies, etc. Besides, only ZRX holders have voting rights in the system.
0x Price Analysis
The token appeared on the market in August 2017 and then cost 10 cents. In just two days, its price increased fivefold, and capitalization increased from 67 to 300 million dollars.
The sharp increase was associated with an initially high interest in the project but gradually moved into the correction phase. It was also aggravated by the mass appearance of new promising coins (Bitcoin Cash, Tron, NEO, EOS, IOTA and others). By the end of December, the price dropped to 20 cents, and capitalization to 118 million dollars.
ZRX is currently trading at $0.21 after a slight decline from the all-time high of $1.03 set in early 2018. However, the token has shown good growth potential since mid-March 2020 and is still up 5x from its lows during the COVID-19 market crash.
The 0x protocol experienced a massive increase in trading volume in Q1 2020 as decentralized exchanges (DEXs) began to gain popularity due to their increased security and privacy relative to centralized exchanges (CEXs).
The total value locked in DEXes increased from $50 million to $1 billion in the first quarter of 2020, with Uniswap accounting for the majority of this growth. The 0x protocol is the second-largest DEX by TVL, with a current TVL of $278 million.
0x Price Prediction 2022
According to the technical analysis of 0x prices expected in 2022, the minimum cost of 0x will be $0.179982. The maximum level that the ZRX price can reach is $0.209979. The average trading price is expected around $0.19998.
ZRX Price Forecast for December 2022
Based on the price fluctuations of 0x at the beginning of 2022, crypto experts expect the average ZRX rate of $0.19998 in December 2022. Its minimum and maximum prices can be expected at $0.179982 and at $0.209979, respectively.
0x Price Prediction 2023
After the analysis of the prices of 0x in previous years, it is assumed that in 2023, the minimum price of 0x will be around $0.279972. The maximum expected ZRX price may be around $0.339966. On average, the trading price might be $0.289971 in 2023.
0x Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of 0x, in 2024, ZRX is expected to have the following minimum and maximum prices: about $0.419958 and $0.479952, respectively. The average expected trading cost is $0.429957.
0x Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of 0x and their fluctuations during the previous years. It is assumed that in 2025, the minimum ZRX price might drop to $0.619938, while its maximum can reach $0.709929. On average, the trading cost will be around $0.649935.
0x Price Prediction 2026
Based on the analysis of the costs of 0x by crypto experts, the following maximum and minimum ZRX prices are expected in 2026: $1.09 and $0.919908. On average, it will be traded at $0.949905.
0x Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of 0x. Based on their predictions, the estimated average ZRX price will be around $1.38. It might drop to a minimum of $1.33, but it still might reach $1.59 throughout 2027.
0x Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of 0x. It is estimated that ZRX will be traded between $1.99 and $2.34 in 2028. Its average cost is expected at around $2.06 during the year.
0x Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the 0x’s price. The year 2029 will be determined by the maximum ZRX price of $3.46. However, its rate might drop to around $3.01. So, the expected average trading price is $3.11.
0x Price Prediction 2030
After years of analysis of the 0x price, crypto experts are ready to provide their ZRX cost estimation for 2030. It will be traded for at least $4.40, with the possible maximum peaks at $5.32. Therefore, on average, you can expect the ZRX price to be around $4.52 in 2030.
0x Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the 0x’s price. The year 2031 will be determined by the maximum ZRX price of $7.68. However, its rate might drop to around $6.22. So, the expected average trading price is $6.44.
What does Zrx coin do?
Zrx is the native coin of the 0x protocol, a decentralized exchange protocol built on Ethereum that allows for ERC20 token trading. Zrx is used to pay fees to relayers (nodes that host and maintain liquidity), as well as to vote on protocol upgrades.
What are the benefits of Zrx?
The main benefits of Zrx are its decentralization, security, and privacy relative to centralized exchanges. Additionally, Zrx holders can earn rewards by staking their tokens and running a node, and they have voting rights on protocol upgrades.
What is the difference between Zrx and 0x?
Zrx is the native coin of the 0x protocol.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.