The Decentralized Finance (DeFi) ecosystem has been expanding rapidly throughout the past few years – especially during 2021. As it expands, it opens itself to face new challenges, and with challenges come new solutions. Also, considering the efficiency of blockchain technology, DeFi is overcoming most issues in creative ways.
To make this space even better, numerous crypto projects have been created for the sole purpose of aiding major cryptocurrencies like Bitcoin and Ethereum. Today, with the help of these projects, this ecosystem is known for being well-built and highly efficient, with few issues every here and there.
0x belongs to this group of projects. In fact, 0x is considered to serve as the heart of the cryptocurrency market. But why so? What is 0x in essence? Will ZRX experience growth? We will do our best to answer these and many more questions throughout this article. Moreover, we will provide a price prediction for 0x.
0x (ZRX) Fundamental Analysis
To begin with, we must present the fundamentals of 0x. This crypto project was first mentioned in its white paper that was published on the 21st of February 2017. Its founders, Will Warren and Amir Bandeali, described their project as a protocol that facilitates cheap and fast Peer-to-Peer (P2P) transactions of ERC-20 tokens on the Ethereum blockchain.
So, 0x is an Ethereum-based protocol that offers an open-source platform for developers to experiment with and build Decentralized Applications (DApps) that focus on exchange functionality. In other words, 0x serves as a platform to build Decentralized Exchanges (DEXs) in the Ethereum blockchain.
Decentralized exchanges aim to provide their users with a platform safer than that of centralized exchanges because of their decentralized nature. Since there is no central party in DEXs, they are virtually invulnerable to cyber-attacks. Moreover, in a DEX, each user directly connects with other users by creating a smart contract. That being said, DEXs do not need a third party to process transactions because of their Peer-to-Peer (P2P) origin.
0x has not caught the eye of major crypto news outlets; however, most articles about this protocol are positive. One such article is that of Tech Crunch. They emphasize the power of the 0x protocol and state that 0x allows any app to become the Craigslist of the crypto industry. They claim 0x does this by connecting traders with each other without the need to hold a single token itself.
To wrap it up, 0x claims to be the liquidity endpoint for DeFi on numerous blockchains such as Polygon, Ethereum, and Binance Smart Chain (BSC). It provides a platform for developers to develop DEXs and is considered to be one of the biggest liquidity providers. We must mention that they also provide private liquidity pools.
0x (ZRX) Price Analysis
The 0x token, ZRX entered the market at the end of August 2017 with a trading value of $0.29. Before it rolled out in the open market, 0x held an Initial Coin Offering (ICO) during which it sold 500 million tokens and reached its goal of generating $24 million. Ethereum was the only accepted form of payment during the 0x ICO. Calculating the number of tokens sold and the amount of ETH generated, we can conclude that one 0x token was offered for around $0.04.
Related: ICO Meaning in Crypto – What Is an ICO?
Immediately after entering the market, 0x experienced a dip and could not break the $0.30 resistance level and $0.18 support zone even after trying numerous times. However, this changed by mid-December, when 0x entered a bull run. The token entered the month of December with a price of $0.20 and left it with a trading value of $0.87, experiencing a 4x in 30 days.
This growth did not stop even after the end of 2017; with the token setting an all-time high of $2.53 on the 9th of January 2018. Although 0x experienced a huge decrease in its price throughout March, trading for as low as $0.44, its price shot up once again in May, reaching $1.86 on the 10th of May.
Rank: 187
The token continued to devaluate until the end of November when it officially entered a bear market. Throughout the next few years, 0x experienced small price movements, continuously bouncing between $0.13-$0.31. Nevertheless, this began to change by June 2020 when its price experienced an increase and reached $0.41.
This year was quite fruitful for 0x which experienced a huge increase. Entering the year with a price of $0.35, it took 0x only a month to double its trading value. Moving forward, only two weeks in February this year, 0x reached a price of $1.80. On the second week of April, 0x was trading at $2.38 and nearly broke its current all-time high. However, during the summer, 0x experienced a dip and its price fell.
At the time of writing, 0x is trading for $1.04 with a trading volume of $84 million. It has a total supply of 1 billion of which 845 million are in circulation. This leaves it with a market capitalization of $863 million.
0x (ZRX) Market Price Prediction
GovCapital
Amongst numerous predictions done for 0x future price is the prediction done by GovCapital – one of the biggest prediction websites. According to them, 0x is set to experience a decrease during the next few weeks, but strive in the long run. Their price prediction for 0x shows the token sitting at $1.52 exactly after one year. Furthermore, they claim that ZRX might reach an all-time high of $5.16 by the end of 2026.
Wallet Investor
Another prediction website that covered 0x is Wallet Investor. Similar to GovCapital, Wallet Investor also thinks that the next few weeks may lead to a decrease in the price of 0x. But when it comes to the long run, they state that its price is likely to increase. According to their short-term price prediction for 0x, the token might surpass the $2 milestone during February 2022. Moreover, their long-term price prediction for 0x leaves the token with a potential price of $5.12 by October 2026.
Crypto Kit
Crypto Kit is a Youtuber that posts videos regarding the future of certain cryptocurrencies using technical and fundamental analysis. Recently, he made a video covering the future of 0x. On a bullish note, Crypto Kit says that the token might surpass its current all-time high of $2.53 by the end of 2021. However, if the bears take over, 0x might drop to $0.64. When it comes to the long run, Crypto Kit claims that 0x has the potential to reach a trading value of $15 by the end of 2025.
Crypto Academy 0x (ZRX) Price Prediction
0x is a big project for us as Crypto Academy, so we decided to make our price prediction regarding its future using both fundamental and technical analysis.
0x (ZRX) Price Prediction 2021
This year has been crazy for cryptocurrencies which experienced huge increases. As for 0x, this year has been huge, even though it did not manage to surpass its all-time high that was set back in 2018. Moving towards the end of the year, we believe that the whole crypto market is set to experience huge growth in its price. We believe that 0x might experience one last bull run this year, potentially surpassing its current all-time high and reaching a price of around $2.68.
0x (ZRX) Price Prediction 2022
The year 2022 is believed to be quite a rollercoaster for the price of every cryptocurrency. Our 0x price prediction for 2022 shows signs of growth during the early months of 2022, leaving 0x with a potential price of $3.74 by April 2022. Nevertheless, its price is believed to dip throughout the summer of 2022, potentially reaching a yearly low of $1.90. After using September and October 2022 to recover, we believe that 0x may end the year with a possible trading value of $4.02.
0x (ZRX) Price Prediction 2023
As for 2023, this year is expected to be slow for 0x, which is likely to experience small price movement throughout the year; similar to the whole crypto market. 0x’s price is likely to drop considerably throughout this year. Yet, when we consider the amount of potential this token has to reach partnerships with big names in the crypto industry, a balance might be achieved. That being said, the 0x token may experience low volatility and end the year 2023 with a price of around $4.59.
0x (ZRX) Price Prediction 2024
Moving forward, we believe that the year 2024 might be huge for 0x. Following the Bitcoin halving, the whole market is expected to act similar to how it acted each time – increase drastically. Even though the beginning of 2024 may be slow for the token, as we move towards the end of the year, 0x is likely to enter a huge bull run. As a result, 0x might be trading at $7.28 by the end of the year.
0x (ZRX) Price Prediction 2025
The ZRX token is expected to continue the bull run initiated in late 2024 throughout the first months of 2025. This is believed to be the time around which 0x might surpass the $10 milestone and set a new all-time high of $14.20. After reaching this peak, it is likely for 0x to drop to $9.15. This is believed to change as we move towards the fourth quarter of 2025. By December 2025, the price of 0x is expected to skyrocket, potentially reaching a trading value of $17.81.
0x (ZRX) Price Prediction 2026
0x may enter the year 2026 with a price between $18-$20. Cryptocurrencies are likely to have achieved huge implementation until the year 2026, which is believed to drastically lessen their volatility. 0x is likely to experience some growth during the first months of 2026, leaving it with a potential price of $21.55. After setting another all-time high, 0x is expected to drop to around $17.50 and dwell around that price for quite some time.
How to Buy 0x (ZRX)?
Step 1: Create an Exchange Account
The easiest way to get your hands on some cryptocurrencies is through centralized cryptocurrency exchanges such as Binance, Coinbase, and Kraken. To buy 0x (ZRX), you must first find a cryptocurrency exchange that has listed 0x and provides enough liquidity for your purposes.
Most centralized exchanges require a Know-Your-Customer (KYC) form. This is done to know who is the owner of the account and what cryptocurrencies does that specific person hold. We recommend you use one of the above-mentioned exchanges because of their liquidity, ease of use, and safety.
Step 2: Fund Your Account
After you choose the cryptocurrency exchange that fits you the best, you can proceed with funding your account. Funding your exchange account is very easy and can be done in numerous methods. Most of the major cryptocurrency exchanges include these payment methods: debit/credit card, bank transfer, and Paypal.
To fund your account, all you have to do is choose your preferred payment method and select the amount of money you want to allocate to your account.
Step 3: Buy ZRX
Now that you have successfully opened and funded your exchange account, you are all clear to buy ZRX. To do so, simply locate a market pair that includes ZRX and the asset/currency that you deposited onto your account. Some examples are ZRX/USDT, ZRX/ETH, ZRX/USD, and ZRX/EUR.
After finding the market pair of your preference, enter the amount of ZRX you are interested in purchasing and click on “BUY”. Please make sure to double-check if you can afford the amount of ZRX tokens you want to buy.
FAQ
Will 0x (ZRX) reach $10 in 2021?
Maybe. 0x has a lot of potential without a doubt; although it is not entirely impossible, we believe that the highest 0x may go this year is $5. Considering that ZRX is a low-cap token, the token has the potential to reach a price between $5-$10, but claiming that it will reach that milestone in 2021 is impossible.
Where can I buy 0x (ZRX)?
At the time of writing, you can buy 0x in most major cryptocurrency exchanges. This includes Binance, Coinbase, Kraken, Bitnovo, and BitMart. As we stated earlier, we highly recommend you use Binance, Coinbase, or Kraken to pursue the purchase of 0x tokens.
Should I invest in 0x (ZRX)?
Yes. Investing in cryptocurrencies today may be one of the wisest things you can do – especially in low-cap tokens like 0x. Until today, 0x has left many investors with huge gains and we believe this trend might continue. According to numerous price predictions, including our own, 0x is likely to increase in price in the future.
Also Read: Ethereum Price Prediction 2021 and Beyond – Can ETH Reach $20,000 in 2021?
Takeaways
- As the Decentralized Finance (DeFi) ecosystem grows, so do the problems in it.
- Bitcoin and Ethereum require assistance from smaller crypto projects, even though they are the ones leading the market.
- 0x is one of these projects, providing a platform for developers to develop all kinds of Decentralized Exchanges (DEXs).
- Their native token is known as ZRX and is an ERC-20 token.
- At the time of writing, ZRX has a market capitalization of $863 million and a circulating supply of 845 million.
- The ZRX token is likely to reach a price between $2-$4 by the end of 2021.
- According to numerous price predictions, 0x is likely to increase in the long run, possibly reaching a price above $15.