Price Action
Since last week, 0x’s price went up by 3.53%. It is above its 20 day moving average by 7.36%, so it’s slightly away. 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 48% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect 0x to bounce between 0.2509912 and $0.3670988 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 1,548,306 and 6,481,024. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. 0x experienced a turnover rate of about 0.75% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 27.27% 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
0x saw the number of wallets holding its coin go from 92,793 to 93,938 over the past week — a change of 1.23%. And in regards to cumulative transactions logged on the blockchain, they went from 845,514 to 854,186, which amounts to a change of 1.03%. 0x’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 2.26% which puts it ahead of 61.11% of the coins in our index. This could indicate that 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 2.05 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 public repositories collectively have a total of 1523 watchers, which is very impressive; that’s more than 80 % of the top 100 coins we compare it to. The coin has 117 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 60% 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.
Relayer Report #21 — Veil Releases Augur Lite, 0x a
Where to Buy
You can trade 0x, listed under the symbol ZRX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
