DEX Token Price Prediction Part 2 – KYBER, ZEROX, NASH

The demand for DEXs has been growing steadily. We have seen an impressive rise in the price of several DEX tokens in 2020. It is safe to say that 2020 has been the year of DEXs as DeFi has boomed.

DEX tokens provide a wide range of options to its holders like staking, providing liquidity, liquidity mining, governance, funding, borrowing, farming etc. Some of these farmed yields have initially given an APY of over 100,000% in the first few hours of yield farming. As such, there has been some tremendous movement in DEX token price for the various exchanges.

Such high gains are bound to attract more and more investors in this space.  We covered the price predictions for UNI, CRV, AAVE, and BAL in the previous article. Today we will cover the price predictions for KNC, ZRX and NEX.


KNC/USD – Price Prediction


KNC is approaching the first support zone of $0.86, which would be a good place to open a long. We could see a potential move towards $1.05, $1.20, and $1.31. Failure to hold the support at $0.86 could result in a drop in KNC price towards $0.79 and $0.70.

ZRX/USD – Price Prediction


ZRX could not break the resistance at $0.45, and we have seen a downward movement on the price of 0x since then. We could see a potential move towards $0.36, $0.34, and $0.31 to retest the previous support zone. In order for ZRX price to be bullish, it has to break the resistance of $0.45 and make higher highs and higher lows. In case we close a few daily candles above $0.45 and flip the resistance zone to support, we could see a move towards $0.55 and $0.62.

NEX/USD – Price Prediction


Nash Exchange Token is approaching a resistance zone at $1.20. If it can break this resistance, we can start seeing a move towards $1.45, $1.65, and $1.95. Failure to hold the break the resistance at $1.20 could lead to a drop in price towards $1.00 and $0.80, which would be good areas to long since there is a long-term support at that zone.

Images courtesy of TradingView.

The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.