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 2020 and 2025 by Changelly!
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.
Curr. Supply / Total Supply
604,421,968 ZRX / 1,000,000,000 ZRX
ROI since launch
Data is relevant on December 11, 2019.
0x (ZRX) Latest News
The American division of the cryptocurrency exchange Binance has opened the possibility of depositing digital assets Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX).
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.
However, 2018 began very successfully for the altcoin. Against the backdrop of a general rise, its price quickly rose to $2, and capitalization reached a billion. Then again came the correction, which cut the indicators almost threefold.
In May, quotes briefly returned to their previous level. The reason for the rise was the fact that the Coinbase exchange bought out the Paradex trading platform operating on the 0x protocol.
Soon a rollback occurred, which in winter turned into a general bearish trend. Since then, market indicators have mainly fallen and only occasionally and briefly rise by 5-10%. This happens due to the weak price dynamics that many investors doubt whether it is worth investing in ZRX.
Today ZRX token price is $0.222463.
0x Technical Analysis
Well, there is not actually any technical analysis expertise of 0x cryptocurrency. However, here is the aggregate rating for ZRX from several traders & analysts on TradingView.
ZRX rate depends on the user demand for technology that the platform is promoting. The more users switch to the innovative protocol, the stronger the internal value of the token will grow. Let’s look at the strengths and weaknesses of the project:
The technology is actively used. The protocol is already used by 14 decentralized applications, including Paradex, Radar, Veil, Ethfinex, dEX, LakeTrade, etc.
Technology occupies a promising niche. 0x can be used not only to create decentralized exchanges. The platform also provides another option of asset tokenization. This is an up-and-coming market, with a capitalization of billions of dollars.
The technology offers a new approach to the exchanges work. It’s not just that users pay lower commissions, and their accounts are better protected from hacking and arbitrary bans. All new tokens based on Ethereum automatically appear in the listing of sites working on 0x. This is possible due to the fact that the protocol is synchronized with the Ethereum smart contracts.
#1. Beincrypto Price Prediction for 2020
The source predicts the fall of the ZRX price. In 2020, ZRX cryptocurrency can go back to $0.1.
#2. Walletinvestor Price Prediction for 2020, 2025
Walletinvestor claims 0x price to drop soon. There are no significant changes in the forecast for next year. In 2020, the coin will cost $0.11. In 5 years, ZRX will worth $0.27. Trading Beasts Price Prediction for 2019 and 2020
#3. Trading Beasts Price Prediction for 2020
This year, the price will increase slightly. By the end of 2020, the 0x cryptocurrency average rate will be from $0.25 to $0.37.
#4. Digitalcoin Price Prediction for 2020 – 2025
Digitalcoin source predicts quite a positive rate for 0x crypto. In 2020, the ZRX rate will go up to $0.301. In 2025, the price will increase twice to $0.665.
What to expect from 0x cryptocurrency in 2020, 2025
Promising technology, a strong development team, and communication with Ethereum allow us to expect the token to become popular. Most experts suggest that this will have to wait another 3-4 years. Not only because of slow development. It is unlikely that now a little-known platform for exchanging ETC tokens will be able to compete with promoted sites like Binance and Bittrex.
Nevertheless, we expect an increase in the ZRX rate. An estimated average price is $0.2. Long-term forecasting of the price of a coin seems to be not entirely reliable, since the price of altcoin may completely depend on the price of Bitcoin.
Buy ZRX Token at the Best Rate
[add-changelly-widget from=usd to=zrx]
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.