0x, identified in the market with the label ZRX, is one of the few cryptocurrencies that had not had its bullish peak. However, on Wednesday 0x managed to wake up from a prolonged slumber, having a strong gain in the last 24 hours.
0x is one of the few cryptocurrencies that had not been on the bullish wave of the crypto market in recent months. This seems to be changing with the rise of the Token in recent days.
One of the key factors that is driving 0x is the euphoria that is being experienced in the DeFi sector in general. As long as this uptrend continues in Decentralized Finance, the cryptocurrency can keep climbing.
0x’s vision in the cryptocurrency market
0x (ZRX) is an open source protocol that provides a liquidity and smart contract infrastructure, to enable peer-to-peer token exchange on the Ethereum blockchain. ZRX is the token that allows 0x users to vote on improvement proposals that make the system evolve over time.
The goal of 0x is to create robust systems for decentralized exchanges.
The main advantage of decentralized exchanges promoted by 0x is that the vulnerability of the user’s cryptocurrencies is radically reduced. Well, while using a decentralized platform, it is practically impossible to steal user assets.
Reviewing what happened, 0x has been growing at a somewhat slow rate compared to other cryptocurrencies.
0x finally wakes up with a hike in the last 24 hours
At the time of writing, 0x has a daily volume of $ 159,726,707, a price of $ 0.63 per unit, and a market capitalization of $ 457,872,678. Also, according to CoinMarketCap, 0x has a historical ROI of 469.41% currently.
In this way, it rose in the positions of the ranking of cryptocurrencies to 35th place, after having remained 42nd in the crypto ecosystem.
With these data it can be ensured that 0x you are waking up little by little from its lethargy, since the adoption of the 0x protocol has been on the rise by users, and with it the upward peak in the last 24 hours.
Will this finally be the sign that 0x is managing to consolidate in the Crypto market? Let us know your thoughts in the comment box.