0x ZRX/USD is a peer-to-peer (P2P) decentralized exchange (DEX) for Ethereum-based tokens.
It utilizes smart contracts over a shared infrastructure, and it utilizes state channels alongside automated market makers (AMMs).
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The Coinbase partnership as a catalyst for growth
On February 1, 2022, we saw 0x get listed on eToro, which signaled a high level of growth and overall acceptance of this protocol.
On April 20, 2022, Coinbase announced the launch of one of the much anticipated social marketplaces for non-fungible tokens (NFTs), which is powered by 0x.
Through the utilization of powerful, multi-chain NFT swap support, as well as the most robust feature set for any NFT exchange protocol thus far, 0x was chosen to power the marketplace.
Due to the fact that the 0x Protocol v4 is up to 54% more gas efficient, the Coinbase marketplace users will get access to low trading fees. Beyond just letting new users just buy and sell NFTs, Coinbase will also make its marketplace a place where communities can engage with one another.
Should you buy 0x (ZRX)?
On April 21, 2022, 0x (ZRX) had a value of $1.12.
In order for us to get a better perspective as to what kind of value point this is for the 0x (ZRX) cryptocurrency, we will need to go over its all-time high point of value alongside its performance throughout the previous month.
When we go over the all-time high value of the token, 0x (ZRX) had its ATH on January 13, 2018, when it reached a value of $2.50. Here we can see that the token was higher in value by $1.38 or by 123%.
Going over the performance of the token throughout the previous month, 0x (ZRX) had its lowest point of value on March 7 with a value of $0.4641.
Its highest point of value, however, was on March 31, when the token increased to a value of $0.8401. Here, we can see that the token increased in value by $0.376 or by 81%.
With all of this in mind, at $1.12, the ZRX token is a solid token to buy as it can reach $1.7 by the end of April.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- bitFlyer, simple, easy to use and regulated. Register here >
*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Source: https://invezz.com/news/2022/04/21/coinbase-partners-with-0x-how-will-that-affect-zrx-value/