intermediate
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!
0x (ZRX) Overview
Our real-time ZRX to USD price update shows the current 0x price as $0.224204 USD.
Our most recent 0x price forecast indicates that its value will increase by 1.57% and reach $0.227714 by May 17, 2023.
Our technical indicators signal about the Bearish Bullish 34% market sentiment on 0x, while the Fear & Greed Index is displaying a score of 50 (Neutral).
Over the last 30 days, 0x has had 12/30 (40%) green days and 9.90% price volatility.
0x (ZRX) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
0x (ZRX) Price Prediction For Today, Tomorrow and Next 30 Days
0x Prediction Table
0x Historical
According to the latest data gathered, the current price of 0x Protocol is $$0.22, and ZRX is presently ranked No. 146 in the entire crypto ecosystem. The circulation supply of 0x Protocol is $190,458,133.63, with a market cap of 847,496,055 ZRX.
In the past 24 hours, the crypto has increased by $0.0039 in its current value.
For the last 7 days, ZRX has been in a good upward trend, thus increasing by 0.34%. 0x Protocol has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of ZRX has increased by 23.96%, adding a colossal average amount of $0.05 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
0x Price Prediction 2023
According to the technical analysis of 0x prices expected in 2023, the minimum cost of 0x will be $0.1661993784. The maximum level that the ZRX price can reach is $0.2150149964. The average trading price is expected around $0.2638306143.
ZRX Price Forecast for May 2023
Based on the price fluctuations of 0x at the beginning of 2023, crypto experts expect the average ZRX rate of $0.2093655614 in May 2023. Its minimum and maximum prices can be expected at $0.187711227 and at $0.2310198957, respectively.
June 2023: 0x Price Forecast
Cryptocurrency experts are ready to announce their forecast for the ZRX price in June 2023. The minimum trading cost might be $0.1661993784, while the maximum might reach $0.2606586915 during this month. On average, it is expected that the value of 0x might be around $0.213429035.
ZRX Price Forecast for July 2023
Crypto analysts have checked the price fluctuations of 0x in 2023 and in previous years, so the average ZRX rate they predict might be around $0.2603428331 in July 2023. It can drop to $0.2568550519 as a minimum. The maximum value might be $0.2638306143.
August 2023: 0x Price Forecast
In the middle of the year 2023, the ZRX price will be traded at $0.2527213853 on average. August 2023 might also witness an increase in the 0x value to $0.2565966978. It is assumed that the price will not drop lower than $0.2488460729 in August 2023.
ZRX Price Forecast for September 2023
Crypto experts have analyzed 0x prices in 2023, so they are ready to provide their estimated trading average for September 2023 — $0.2448415834. The lowest and peak ZRX rates might be $0.241095448 and $0.2485877187.
October 2023: 0x Price Forecast
Crypto analysts expect that at the end of summer 2023, the ZRX price will be around $0.2369617815. In October 2023, the 0x cost may drop to a minimum of $0.233086469. The expected peak value might be $0.2408370939 in October 2023.
ZRX Price Forecast for November 2023
Having analyzed 0x prices, cryptocurrency experts expect that the ZRX rate might reach a maximum of $0.2328281149 in November 2023. It might, however, drop to $0.2253358442. For November 2023, the forecasted average of 0x is nearly $0.2290819795.
December 2023: 0x Price Forecast
In the middle of autumn 2023, the 0x cost will be traded at the average level of $0.2212021776. Crypto analysts expect that in December 2023, the ZRX price might fluctuate between $0.2173268651 and $0.22507749.
0x Price Prediction 2024
After the analysis of the prices of 0x in previous years, it is assumed that in 2024, the minimum price of 0x will be around $0.519948. The maximum expected ZRX price may be around $0.629937. On average, the trading price might be $0.539946 in 2024.
0x Price Prediction 2025
Based on the technical analysis by cryptocurrency experts regarding the prices of 0x, in 2025, ZRX is expected to have the following minimum and maximum prices: about $0.749925 and $0.889911, respectively. The average expected trading cost is $0.769923.
0x Price Prediction 2026
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 2026, the minimum ZRX price might drop to $1.12, while its maximum can reach $1.30. On average, the trading cost will be around $1.16.
0x Price Prediction 2027
Based on the analysis of the costs of 0x by crypto experts, the following maximum and minimum ZRX prices are expected in 2027: $1.97 and $1.61. On average, it will be traded at $1.67.
0x Price Prediction 2028
Crypto experts are constantly analyzing the fluctuations of 0x. Based on their predictions, the estimated average ZRX price will be around $2.47. It might drop to a minimum of $2.38, but it still might reach $2.85 throughout 2028.
0x Price Prediction 2029
Every year, cryptocurrency experts prepare forecasts for the price of 0x. It is estimated that ZRX will be traded between $3.36 and $4.18 in 2029. Its average cost is expected at around $3.48 during the year.
0x Price Prediction 2030
Cryptocurrency analysts are ready to announce their estimations of the 0x’s price. The year 2030 will be determined by the maximum ZRX price of $5.98. However, its rate might drop to around $4.92. So, the expected average trading price is $5.06.
0x Price Prediction 2031
After years of analysis of the 0x price, crypto experts are ready to provide their ZRX cost estimation for 2031. It will be traded for at least $7.36, with the possible maximum peaks at $8.45. Therefore, on average, you can expect the ZRX price to be around $7.57 in 2031.
0x Price Prediction 2032
Cryptocurrency analysts are ready to announce their estimations of the 0x’s price. The year 2032 will be determined by the maximum ZRX price of $13.15. However, its rate might drop to around $10.83. So, the expected average trading price is $11.21.
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.
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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.
FAQ
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.
