Price Action
In the week prior, the price for 0x went down by -2.46%. It is above its 20 day moving average by 0.56%, which is quite close. 0x’s bullish momentum, if assessed 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 13% 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 0.3121221 and $0.3577279 US dollars per coin.
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 1,354,259 and 11,900,823. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. The past 7 days saw 0x’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.69%. This turnover rate is higher than approximately 30% 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
Over the past week, 0x saw its holders go from 96,981 to 98,659, an increase of 1.73%. As for overall transactions, they increased from 877,178 to 887,384 — an increase of 1.16%. This translates to a combined engagement growth rate of 2.89% for 0x — which is higher than 66.67% of the cryptocurrencies we’re reporting on. This growth rate suggests the coin’s engagement is growing at an above average rate.
Technology Development Status
At the moment, 0x has 30 repositories open to the public on GitHub, with the oldest one now being 2.13 years young. The last recorded update to its public repositories was within the past week which is not bad, as the coin is still being updated routinely. 0x’s public repositories collectively have a total of 1761 watchers, which is very impressive; that’s more than 81 % of the top 100 coins we compare it to. The coin has 125 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, seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching 0x’s GitHub repos is more favorable than 63% 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
