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Price Action

Over the past week, 0x saw its price go up by 2.51%. It is below its 20 day moving average by 1.97%, so it’s fairly close. 0x’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, 0x is more prone to sizable price moves than 30% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect 0x to experience a price range in US dollars between 0.2676613 and $0.3325787.

Where to trade 0x (symbol: ZRX): Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Volume Update

In the week prior, the daily volume for 0x has ranged between 544,158.8 and 11,155,993 currency units. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. 0x experienced a turnover rate of about 0.93% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 55.79% of the cryptocurrencies we monitor, which means it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.

Engagement Update

Over the past week, 0x saw its holders go from 113,834 to 115,209, an increase of 1.21%. And in regards to cumulative transactions logged on the blockchain, they went from 1,023,596 to 0, which amounts to a change of -100.00%. 0x’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is -98.79% which puts it ahead of 0.06% of the coins in our index. This could indicate that the coin’s usage is not growing much at all.

Technology Development Status

0x currently has 30 public repos on GitHub, with the oldest one clocking in at 2.49 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. 0x’s repos that are visible to the public collectively have 1988 watchers — that’s more than 83 % of the top 100 coins we compare it to. The coin has 205 issues reported across its public repositories. Relative to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for 0x we see that its issue/watcher ratio looks healthier than 56% of similar coins in our index.

0x News and Commentary

We found one link over the past week about 0x that we thought was especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.

TWIBS — Tezos and tZero to Tokenize Millions in Real Estate, 0x Holders to Vote on v3 Upgrade, aelf Added to Google Cloud Marketplace, Ark Introduces Multipayments, ICON Completes Phase 1 Decentra

Article by SixJupiter

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