- Summary:
- an analysis of ZRX fundamentals and its underlying technology. We will also be looking at ZRX Price Prediction for 2022, 2025, and 2030.
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In this article, we are going to look at ZRX fundamentals and its underlying technology. We will also be looking at ZRX Price Prediction for 2022, 2025, and 2030.
ZRX runs on the blockchain protocol 0x, a technology that allows for the decentralized exchange of tokens and assets on the Ethereum blockchain. OX and ZRX allow developers to create their applications for cryptocurrency exchange.
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ZRX Overview
ZRX was first issued as an initial coin offering (ICO) on July 16, 2017. The crypto raised over $24 million in ether from a group o 12,000 backers.
Among the top funders of the project were venture capitalist firms, including Polychain Capital, Blockchain Capital, and Pantera Capital. Chinese firms Jen Advisors and FBG were also part of the early project funders.
At its core, 0x does not manage decentralized exchanges. However, they provide the technical know-how, technologies and support to help build these exchanges. This is achieved by using relayers instead of on-chain to manage order books through off-chain messaging. This allows the platform developed using technologies provided by ZRX to be faster and cost-friendly.
Price History
ZRX started trading at around $0.1 and traded below $1 for the next few months until December 30, when it broke the $1 price.
On January 9, 2018, ZRX reached its all-time high, trading at $2.53, before the prices dramatically dropped to $0.3 by March 18, 2018.
Today, ZRX is trading at 71 percent below its all-time high. Crypto has also been on a long-term downward trend since November 12, 2021.
| Date | Milestone | ZRX Price |
| Jan 09, 2018 | All-Time High | $2.53 |
| Aug 16, 2017 | All Time Low | $0.104 |
| 52 Week Low | 52 Week Low | $0.4514 |
| 52 Week High | 52 Week High | $2.40 |
Adoption
ZRX is one of the largest, most versatile and community-owned Dex protocols. The 0x platform, which ZRX runs on, also prides itself on making it possible for developers to bring swap functionalities into their wallets and DeFi applications. This is achieved by the protocol aggregating 0x native liquidity from other popular DeFi liquidity sources to deliver competitive prices to their users and integrators.
The above functionalities make ZRX popular in developing decentralized exchanges,m Games and collectibles, prediction markets, order books and applications that facilitate decentralized loans.
ZRX can also find applications in the development of decentralized finance apps and futures and forward trading apps.
Some of the applications that have been developed using ZRX includes:
- In decentralized exchange, platforms such as Radar Relay, Pradex and Star Bitex have used ZRX prtocol to enable them trade without storing tokens or assets.
- Games and collectible decentralized applications such as Gods unchained have sucessfully built market place for NFT trading.
- Decentralized loans platforms such as Bamboo Relay have also implemented ZRX to facilitate lending of of decentralized assets.
ZRX Price Prediction 2022
My ZRX price prediction for 2022 will heavily rely on support and resistance levels. The analysis will also look at the past price history and the growth of the cryptocurrency over the years. Correlation with Bitcoin will also be considered when making the ZRX price prediction for 2022.
Looking at the daily price chart of ZRX, crypto recently set a new support level of $0.45. This set off a new upward push that started on January 25 and has seen the crypto prices increase by 55 percent since then, to current levels of $0.69.
On October 31, ZRX set a new resistance level at $1.66. This resistance level is about 131 percent from the current prices.
Based on past prices, where the crypto has gained over 700 percent since August 2017, a growth rate of around 47 percent increase per year.
ZRX is also positively correlated with Bitcoin. The correlation has been one of the reasons why we have seen a decline in the prices of ZRX for the past few months. However, when the Bitcoin bearish tide turns, I also expect the ZRX long-term outlook to be bullish.
Based on these facts, I expect the growth of ZRX in 2022 also to be a very conservative increase of 133 percent price increase. I also don’t expect the prices of ZRX to go past the $1.66 resistance level. I also expect the crypto to trade within the blue area highlighted below in the ZRX daily chart.
ZRX daily chart
ZRX Price Prediction 2025
Between 2023 and 2025, I expect ZRX prices to increase by 43 percent. This means that, by 2025, my ZRX price prediction expects the crypto to trade at around its all-time high of $2.5
The conservative prediction is based on the past price history of ZRX, where it has huge trading ranges within a year. However, the prices trade only within support and resistance levels. Although the crypto is highly volatile, the prices do not move very high or low and mostly trade within a confined area.
Another factor that I have considered in my ZRX price prediction between 2023 and 2025 is the price of Bitcoin. This is because both cryptocurrencies are positively correlated. The ZRX prices closely follow the direction of Bitcoin.
Based on my personal Bitcoin analysis combined with other Bitcoin experts’ outlooks, there is a consensus that Bitcoin is poised to make huge gains during the period between 2023 and 2025. The bullish Bitcoin move will also impact the prices of ZRX, which will follow the bullish move.
Therefore, by 2025, the current prices of ZRX will have increased by 251 percent. This will be a 52 percent annual growth.
ZRX Weekly Chart
ZRX Price Prediction 2030
My ZRX price prediction for 2030 is based on the annual growth rate over the years. Therefore, it also relies heavily on ZRX price prediction for 2022 and 2025.
My prediction assumes that the prices of ZRX between 2025 and 2030 will go at a 50 percent growth rate per annum.
Using this formula, I expect ZRX prices to be around $19 by 2030. However, there is a high possibility that crypto can grow aggressively. When that happens, then I expect the ZRX to be above $40 by 2030.
However, I do not expect ZRX to have hit $100 by 2030. This is because it will mean an annual growth rate of around 90 percent per year between now and 2030. My fundamental and technical analysis of ZRX prices indicates such a growth rate for ZRX is almost impossible. It is also based on the fact that the crypto will also enter long-term bearish markets between now and 2030. This will slow its price gains, preventing it from reaching $100 before 2030.
Is ZRX a good investment
Based on my ZRX price prediction analysis for 2022, 2025, and 2030, ZRX will grow at a rate of over 50 percent per year.
In most traditional financial institutions, the annual growth barely touches 20 percent. Therefore, for traders looking to make huge profits in the crypto market, my view is ZRX is a great investment that will see a return on investment of about 250 percent by 2025 and 2,600 percent by 2030.