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Summary
- 0x’s native crypto tokens, ZRX, have increased by 92 per cent in the past one year.
- On Wednesday, 28 July, they were being traded at a value of US$ 0.7033 per unit, noting a 24-hour volume rise of US$ 58.77 million against its market cap of US$ 594.6 million.
- 0x came into existence in 2016, and after a year, its co-founders Will Warren and Amir Bandeali launched its initial coin offering (ICO).
0x’s native crypto tokens, ZRX, have increased by 92 per cent in the past one year. On Wednesday, 28 July, they were being traded at a value of US$ 0.7033 per unit, noting a 24-hour volume rise of US$ 58.77 million against its market cap of US$ 594.6 million.
Ethereum blockchain-based 0x is an infrastructure protocol that allows investors to buy and sell ERC-20 tokens without going to any mainstream crypto exchange. For that purpose, it is also known as autonomous decentralized exchange.
Use case of 0x
0x follows open-source smart chain contracts that bring in more transparency and flexibility in crypto trading. Its ZRX token is also an ERC-20 built crypto.
The process of decentralized coin listings on 0x gets settled in ZRX tokens. The decentralized exchange claims to provide a user-friendly interface.
The blockchain participants use ZRX to interact with 0x. ZRX holders can also participate in the platform governance, and they can also vote on any amendment to the protocol.
In 2019, the project changed its protocol by allowing ZRX holders to stake their tokens to generate passive income or rewards along with their voting rights.
ZRX Token
0x came into existence in 2016, and after a year, its co-founders Will Warren and Amir Bandeali launched its initial coin offering (ICO). The 0x team raised around US$ 24 million through its native token.
It ranks at 96th spot among cryptos listed on CoinMarketCap. The token holds a current circulation of 845.34 million. 0x has a capped supply of 1 billion ZRX tokens.
Copyright © 2021 Kalkine Media
What is ZRX crypto’s price prediction?
ZRX is down 71 per cent against its one-year high of US$ 2.4 apiece. It may rebound on the back of higher demand for decentralized exchanges among anonymous crypto traders. It has surged over 98 per cent in 2021.
As per price predictions, the token could bounce back over US$ 2 apiece by 2022. ZRX use case is likely to grow on the back of high-volume trade in ERC-20 cryptos.
How to buy a ZRX token?
Decentralized crypto wallet holders can trade and stake ZRX through its autonomous exchange. Other crypto investors can buy and sell ZRX coins via crypto exchanges like Binance, OKEx, Coinbase, Huobi Global, and CoinTiger.
It is exchangeable through Euro, US dollar, Bitcoin (BTC), Binance stablecoin (BUSD), and Tether (USDT).
