0x is an infrastructure protocol that enables users to trade ERC20 tokens and other assets on the Ethereum blockchain. It accomplishes this without relying on centralised intermediaries like typical cryptocurrency exchanges.
0x supports both fungible (ERC-20) and non-fungible (ERC-723) tokens, unlike many other Ethereum decentralised exchange protocols. This means it can be used for permissionless trading of a wide range of assets, allowing users to buy, sell, and swap the vast majority of Ethereum assets through over a dozen different apps. The 0x protocol can be used for a variety of purposes, including eBay-style digital product, etc. It can also be used OTC trading desks, DeFi protocol exchange capabilities, and plain-old decentralised exchanges. 0x may be used to construct highly flexible exchange products. Let us review the ZRX price
ZRX Price Prediction
Bullish Scenario: Before the Coinbase alliance, the ZRX price was in a gradual upward trend on the daily chart. ZRX has increased by more than 50% and is now trading at $0.89, its highest level since December of last year. ZRX is trading above the $0.80 support level. If it remains above this zone and the $1.01 resistance level breaks, we could see a move towards $1.18, $1.41 and above.
Bearish Scenario: ZRX is still in a downturn on higher time frames including daily, weekly, and monthly so we aren’t quite out of the woods yet to have a strong optimistic bias. Failure to hold the $0.80 support level and a break below $0.65 might lead to a slide to $0.52 and even below.
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