Price Action
Over the past week, 0x saw its price go up by 1.04%. It is above its 20 day moving average by 3.2%, so it’s fairly close. 0x’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, 0x exhibits greater price volatility than approximately 11% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for 0x in US dollars is expected to be between $0.3038256 and $0.3581744.
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 1,502,611 and 14,900,486. In the three weeks prior, volume has steadily declined, but the trend in price is not as clear one way or the other. Over the past week, 0x saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.99%. Its trading turnover percentage is higher than about 32.63% of the coins we’re tracking, so 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 93,938 to 94,935, an increase of 1.06%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 854,186 to 862,723, which translates to growth of 1.00% for the week. 0x’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 2.06% which puts it ahead of 55.56% of the coins in our index. One interpretation of this may be that the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
At the moment, 0x has 30 repositories open to the public on GitHub, with the oldest one now being 2.07 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 repos that are visible to the public collectively have 1701 watchers — that’s more than 85 % of the top 100 coins we compare it to. The coin has 118 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison to the number of watchers it has, though, 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 66% of similar coins in our index.
0x News and Commentary
Over the past week, we found one link about 0x that we thought was particularly interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Where to Buy
You can trade 0x, listed under the symbol ZRX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
