Price Action
In the week prior, the price for 0x went up by 6.52%. It is above its 20 day moving average by 5.34%, so it’s somewhat away. 0x’s bullish momentum, if assessed by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, 0x is more volatile than roughly 10% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect 0x to experience a price range in US dollars between 0.3065881 and $0.3600019.
Where to trade 0x (symbol: ZRX): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, 0x’s daily volume, in terms of its own unit of currency, has fluctuated between 721,418.4 and 8,979,410. Over the past three weeks, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw 0x’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.67%. This turnover rate is higher than approximately 26.53% 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
The number of wallets holding 0x went from 95,681 to 97,232 in the past week, marking a change of 1.62%. And in regards to cumulative transactions logged on the blockchain, they went from 869,137 to 878,375, which amounts to a change of 1.06%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of 0x is thus at 2.68% which, relatively speaking, is ahead of 61.76% of the cryptocurrencies we’re tracking. This could indicate that the coin’s engagement is growing at an above average rate.
Technology Development Status
0x currently has 30 public repositories on GitHub, with the oldest one now 2.11 years young. Its last public update to any of its 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 repos that are visible to the public collectively have 1757 watchers — that’s more than 85 % of the top 100 coins we compare it to. The coin has 132 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against 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 59% 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
