0x (ZRX) is the cryptocurrency of the moment as it is one of the best performers in the cryptocurrencies market. It started the month well, fell back a few points, and it is now bullish as its listing on Coinbase cryptocurrency exchange platform is shaping up.
ZRX started the month at $0.587 and surged to $1.13 on July 5th. Then, however, it plummeted to $0.76, but recovered and in the last couple of days 0x (ZRX) skyrocketed to $1.08, at the moment of this writing, appreciating by about 14% in the last 24 hours.
0x (ZRX) is also increasingly popular, and its trading volumes also went up, as well as its market cap which is now around $577,6 million. The significant surge boosted ZRX to the 23rd place in the cryptocurrencies market, outperforming Lysk (LSK) and Bytecoin (BCN), among others.
Coinbase cryptocurrency exchange platform considers listing 0x (ZRX), among other four crypto token
The 0x protocol is designed for the decentralized trading of Ethereum assets such as ERC-20 tokens by employing off-chain exchanges with lower costs. In fact, the 0x serves as the foundation for decentralized exchanges, the so-called DEXs. Even more, recently, with the launch of 0x v2, the ZRX project is on the right track for the release of its proprietary MainNet which will boost its value more.
But the breakthrough for 0x (ZRX) would be its listing on Coinbase cryptocurrency exchange platform, one of the major ones in the world and the leading crypto trading platform in the US. In fact, according to the latest official announcement coming from the crypto exchange platform, Coinbase is exploring five new crypto tokens, namely, Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).
When the information came up, the traders reacted by buying the before-mentioned cryptos, a fact that triggered their prices surge we can witness today.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.