Price Action
Over the past week, 0x saw its price go down by -10.26%. It is below its 20 day moving average by 8.76%, so it’s somewhat away. 0x’s bullish momentum, determined by its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Regarding volatility, 0x is more volatile than roughly 12% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect 0x to bounce between 0.3045733 and $0.3606867 US dollars per coin.
Where to trade 0x (symbol: ZRX): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for 0x has ranged between 630,943.6 and 13,597,599 currency units. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. 0x experienced a turnover rate of about 0.95% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 33.33% of the cryptocurrencies we monitor, which means it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
0x saw the number of wallets holding its coin go from 98,659 to 99,956 over the past week — a change of 1.31%. As for overall transactions, they increased from 887,384 to 897,967 — an increase of 1.19%. This translates to a combined engagement growth rate of 2.50% for 0x — which is higher than 63.64% of the cryptocurrencies we’re reporting on. This could indicate that the coin’s engagement is growing at an above average rate.
Technology Development Status
0x currently has 30 public repos on GitHub, with the oldest one clocking in at 2.15 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. 0x’s public repositories collectively have a total of 1779 watchers, which is very impressive; that’s more than 87 % of the top 100 coins we compare it to. The coin has 139 issues reported across its public repositories. In comparison to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for 0x we see that its issue/watcher ratio looks healthier than 51% of similar coins in our index.
Where to Buy
You can trade 0x, listed under the symbol ZRX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
