0x turnaround opportunity
Coin of the day is 0x.
One more turnaround chance for the most popular ERC 20 token and one of the biggest growers of this spring - ZRX.
To recap, 0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets could eventually be built using 0x.
DEX’s exchanges (Decentralized Crypto Exchanged) becoming the more popular within past year, many even think that this technology will eventually replace centralized exchanges like Binance. A lot of DEX’s are developing based on 0x protocol, which is fueling the growth of the coin, as 0x is one of the most popular tech providers for the Decentralized Exchanges.
Latest news
Jun 26 - LedgerDex beta launch announcement. As a token manager, LedgerDex allows users to keep track of their token balance, send and receive ERC20 tokens. As a decentralized exchange (DEX) built on top of the 0x protocol, LedgerDex allows wallet-to-wallet trading of any ERC20 tokens and supports unlimited trading pairs.
Technicals
Didn’t able to turnaround on Jun 15 above the 100-days EMA ZRXBTC went down, probably under the overall pressure on the crypto markets, provoked by Bitcoin price stagnation. Yesterday the price found support on the strong psychological level 0.0001. Also, turnaround on this level will fit in the correction to the spring uptrend scenario and would be a good spot to start a next uptrend cycle from the technical view. The last key-point for a turnaround which will fit in a growth scenario would be 0.000085 level which coincides with the Bullish Trend Line at this point of time. From the upside, a breakthrough of the 0.000115 will confirm the turnaround formation and send the price testing 0.000135 – 0.00014 zone.
One more turnaround chance for the most popular ERC 20 token and one of the biggest growers of this spring - ZRX.
To recap, 0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets could eventually be built using 0x.
DEX’s exchanges (Decentralized Crypto Exchanged) becoming the more popular within past year, many even think that this technology will eventually replace centralized exchanges like Binance. A lot of DEX’s are developing based on 0x protocol, which is fueling the growth of the coin, as 0x is one of the most popular tech providers for the Decentralized Exchanges.
Latest news
Jun 26 - LedgerDex beta launch announcement. As a token manager, LedgerDex allows users to keep track of their token balance, send and receive ERC20 tokens. As a decentralized exchange (DEX) built on top of the 0x protocol, LedgerDex allows wallet-to-wallet trading of any ERC20 tokens and supports unlimited trading pairs.
Technicals
Didn’t able to turnaround on Jun 15 above the 100-days EMA ZRXBTC went down, probably under the overall pressure on the crypto markets, provoked by Bitcoin price stagnation. Yesterday the price found support on the strong psychological level 0.0001. Also, turnaround on this level will fit in the correction to the spring uptrend scenario and would be a good spot to start a next uptrend cycle from the technical view. The last key-point for a turnaround which will fit in a growth scenario would be 0.000085 level which coincides with the Bullish Trend Line at this point of time. From the upside, a breakthrough of the 0.000115 will confirm the turnaround formation and send the price testing 0.000135 – 0.00014 zone.
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