0x Price Analysis – DEX trading volumes reach nearly US$1.4 billion in October
Relayer trades and trade volumes have increased substantially over the past few months, while on-chain data suggests very little continuous day-to-day token use.
0x Price Analysis – Technical and fundamental indicators turn bullish
Technicals for the ZRX/USD and ZRX/BTC pairs are both bullish, with spot prices above the respective 200-day exponential moving average and daily Ichimoku Cloud levels.
0x token holders vote on reduced fees
Voting has begun on the 0x (ZRX) governance platform for a new improvement proposal to reduce transaction fees on the network. The proposal is driven by the recent rise in gas prices on the Ethereum platform.
0x Price Analysis – Staking gives ZRX a bullish use case
0x (ZRX) is an ERC-20 token designed to power various forms of decentralized exchange (DEX). The current USD spot price is down 86% from the all-time high set in January 2018. The token has a current total value of US$237 million, with US$25 million in trade volume over the past 24 hours.
0x Price Analysis – A hint of pending bullishness
In April 2019, 0x co-founder Will Warren proposed a stake-based liquidity incentive (ZEIP-31), slated for release in v3.0 later this year. ZRX v3.0 was approved in November 2019 with a 99% ‘yes’ vote, ushering a type of staking mechanism on the network.
0x Price Analysis – v3.0 and staking now live
With the opportunity to stake ZRX now here, a potential use case has emerged. However, the number of active addresses on the network, currently near an all-time low, suggests that users have not embraced this mechanism.
0x Price Analysis – With staking likely by 2020, the ZRX token has finally found a use case
V3.0 of the 0x platform is slated for release on November 18th, pending ZRX token holder approval. Voting begins on October 28th and ends on November 4th.
0x Price Analysis – Use cases in development
The ZRX token price currently sits on all-time-lows, and bearish technical indicators suggest there may be further pain in the near future. Fundamentals point to suppressed token use and relayer activity. However, if the roadmap improvements are implemented, ZRX token use cases and value may increase.
0x Price Analysis – Use cases in the pipeline
If the potential roadmap improvements are added, ZRX token use cases and value may increase.
0x Price Analysis – Creating asset value remains elusive
Users and relayers are no longer required to hold the ZRX token to trade on any ZRX platforms.
As enforcement bites, decentralized protocols promise a different future
As the threat of enforcement looms large over crypto exchanges, developers continue to work on decentralized projects that hold promise in a rapidly-evolving regulatory landscape.
0x Price Analysis – More Relayers, less token use
Fundamentals show that the quantity of Relayers continues to grow, while the order flow of those relayers has remained relatively flat over the course of the year. On balance, an increase in low-risk options for traders through DEXs is incredibly healthy for an industry plagued with exchange hacks on a regular basis.
Decentralized exchanges — the road ahead
While decentralized exchanges (DEXs) offer many advantages over their centralized counterparts, user uptake remains low. However, new technologies like the 0x protocol may present a viable evolutionary path for DEXs in what is clearly a David & Goliath competitive landscape
0x Price Analysis – The Golden Touch
ZRX continues to be one of the hottest projects in 2018 in terms of dev activity, community growth, and as a potential fiat gateway. The core ZRX team continues to be transparent with future updates, and releases those updates on time. The number of relayers also continues to grow, ensuring a competitive DEX environment and plenty of options for users. Decentralized governance with the protocol remains an area for research, exploration, and improvement, as no strong set guidelines have been implemented as of yet.
ZRX Price Analysis – Relayer Usage Grows
ZRX had a 300% bull run after April first, fueled by speculation around Coinbase using the protocol. CEO Brian Armstrong hinted at this in his latest blog post regarding decentralized crypto-to-crypto trading. Developing a competitor to ETHfinex and Binance, or directly acquiring a relayer like Radar Relay, remains a strong possibility.
0x Price Analysis – Liquidity plagues the DEX
Cryptocurrency has a growing, ever-present problem. Despite blockchain being a centralization disruptor, the ecosystem is filled with single points of failure. Over US$1 billion has been stolen from exchanges in exploits, hacks, and thefts. These events are becoming a mainstay thanks to systemic custodial risks, ballooning coin valuations, and an increasing number of investors on exchanges.
