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What Is ZRX Coin?
ZRX, known as 0x, is the abbreviation of 0xproject, as well as its native token. 0x was co-founded by Will Warren and Amir Bandeali in 2016. It is said “0x” is the abbreviation of “zero exchange”, pronounced as “zero-ex”. 0x is also the prefix of hexadecimal numeric constants, including Ethereum addresses.
According to the white paper published in February 2017, 0x is an open-source decentralized transaction protocol. It aims to facilitate token transactions on the Ethereum blockchain and hopes to be a shared infrastructure for Ethereum DApps.
As a public platform, developers and companies can apply 0x to create products that allow them to purchase and trade cryptocurrencies. It offers an opportunity to exchange ERC-20 tokens and other cryptocurrencies without any assistance from central agents, just like typical crypto exchanges. Ox is proposed to support a wide range of markets such as game products and financial instruments.
Initially, 0x only supports ERC-20 token transactions. Since September 2018, the official launch of 0x 2.0 has also supported ERC-721 transactions.
ZRX Price History
As for this writing, CoinMarketCap shows that the price of ZRX is around $0.6 with a market capitalization of about $517 million, ranking 98 in the top 100 cryptocurrencies. Before getting into the ZRX price prediction, investors may want to analyze ZRX price history to determine whether it’s worthy to invest in.
Born early, ZRX has experienced the boom of altcoins in late 2017. Created in August 2017 by ICO, 0x issued 1 billion coins, sold 500 million, and raised $24 million. Its price was up to $0.47 very soon after the offering but then bottomed $0.1 for the almost whole year.
In late 2017 and January 2018, the crypto market ushered a bull and ZRX has reached a record high of $2.3. It didn’t last for long, though.
In May, it tried to climb but failed. Then in July, it rose to $1.25 but dropped again. In October, ZRX’s price failed to break through the record and went down to $0.2 again. Even the release of the tool kit 0x Launch Kit that aims to facilitate users in quickly creating Relayers in late 2018 made little influence on the price rise. The price prediction of ZRX that it would break a new high failed.
After the downside in late 2018, ZRX’s price in 2019 did not change much as it’s almost all trading between $0.2 and $0.3. The price once reached $ 0.37 but just a flash in the pan.
Similarly, in 2020, the ZRX price was going around $0.3, with a transient high at $0.73.
Like many other altcoins, ZRX has been falling since the beginning of 2018. Many reasons caused the price to decline. But the most essential might be the influence of the bear, and the overall market environment. Altcoins were underperforming during this time, which had a chain effect on ZRX. The market panic forcing holders to sell off.
ZRX Price Prediction
In 2021, as the crypto market revived, ZRX price was moving steadily upward and topped $2.3 in April, an all-time-high these years.
Designed to solve the inefficiency of decentralized transactions and the inability to cooperate between different exchanges, ZRX (0x) attracts the attention of many investors and experts. Next, we will share some ZRX price predictions given by financial agencies and experts to help investors decide whether ZRX is a good investment.
ZRX Price Prediction 2021
ZRX was once expected to outperform as it soared $2.3 in April 2021 during the bull run in the crypto market. After May, however, it fell to $0.6 once again, as the entire market encountered yet another Winter.
Despite it, ZRX is still of great potential in the long term because of the uniqueness of the 0x protocol. Digitalcoin has made a ZRX price prediction 2021 that it will rise again up to $1.05 in the second half of 2021. The upward trend will continue for a really long time.
ZRX Price Prediction 2022
Based on the current price movement of ZRX and the market performance, some traders may look down on its future. Oppositely, experts and experienced investors forecast that it will keep the rising momentum and up to $1.24 in 2022, an increase of 99.16 %.
The ZRX price prediction 2022 may come true if the bull remains strong, and long-term holders can expect a significant return.
ZRX Price Prediction 2023-2024
In the next few years, the Bitcoin Halving will still be one of the major events, which may extend the bull in the crypto market. Investors accordingly are likely to keep bullish on cryptocurrencies.
Certainly, the price of ZRX will occasionally drop after 2023. But 0x should have access to its own leading technology and achieved decentralized financing at that time. Therefore, investors give a ZRX price prediction 2023-2024 that it will continue to rise, even reach $1.86, then remain stable.
ZRX Price Prediction 2025-2030
In terms of cryptocurrencies, it is hard to make accurate long-term predictions. But national supervision of cryptocurrency will gradually improve in the next five years, allowing people to gain a better understanding of cryptocurrency. This gives ZRX ample room to grow.
Walletinvestor is obviously more bullish on ZRX as it forecasts that ZRX price will exceed $3 and top $4 in early 2050. Holders will gain confidence from this ZRX Price Prediction 2025-2030.
Conclusion: Is ZRX A Good Investment?
According to the price history, ZRX price was moving at a very low price for over years. Will the price prediction is trustworthy and will ZRX be worth investing in now? Is ZRX a good investment in the future?
The 0x protocol aims at promoting transactions of ERC-20 tokens on the Ethereum network. Its uniqueness in allowing investors to exchange ERC-20 tokens on the platform makes it more powerful in exchange function. In addition, ZRX has many active followers in the social community, which will bring great vitality to the project. It also gives updates on the project and keeps users posted.
All these aspects may help ZRX’s price going upward again in the near future, though it does not do well in the second half of 2021.