ZRX Price Prediction – 2022, 2025, 2030
- ZRX price prediction in 2022 is bearish at $0.43 however it will surpass its ATH in the long-run.
- ZRX price prediction for 2030 is an impressive $10.10.
ZRX is the native governance and staking token of Ox protocol, a decentralized exchange protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain. It was launched by Ox Labs, an organization based in San Francisco with the primary purpose of creating new markets in the Ox ecosystem. Basically, ZRX is used to pay fees to relayers (nodes that host maintain liquidity), as well as to vote on protocol upgrades.
Ox Protocol, led by Will Warren and Amir Bandeali, had its ICO in December 2017 and raised $24 million. The protocol’s vision to serve as an open standard and core DeFi building block for any developer needing exchange functionality appealed to the crypto community. Six years post-launch, the project has recorded incredible milestones. Last March, Ox Protocol announced that the ecosystem just surpassed $150 Billion in tokenized value traded. Coinbase NFT marketplace is also using Ox Protocol to provide better ways to discover, buy, sell and connect around NFTs at the lowest transaction costs for users.
This article will evaluate the Ox Protocol and the role of ZRX in its ecosystem. We will cover the roadmap, milestones, tokenomics as well as the factors affecting ZRX. Then, we will give you a comprehensive ZRX price prediction from 2022 – 2030 based on both qualitative and quantitative factors.
What is Ox Protocol?
OX Protocol CEO and Founder Will Warren described 0x as a protocol that facilitates the peer-to-peer (P2P) exchange of Ethereum-based assets. 0x offers secure, audited smart contracts; developer tools tailored to the 0x ecosystem; a decentralized global P2P order book (0x Mesh); and an API that provides easy access to aggregated liquidity sourced from a growing number of exchange networks.
To illustrate, here are some of the things that you can be built on Ox:
- An over-the-counter (OTC) trading desk
- A decentralized exchange for X asset on Y market
- An ebay-style marketplace for digital goods
- A market making or arbitrage trading bot
- A DeFi protocol that needs liquidity and exchange to function (e.g., a derivative, lending, or options protocol)
In addition, 0x can also be integrated into any existing application where an exchange is a feature but not the core purpose of the application. So games with in-game currencies, digital wallets whose users want to exchange tokens and portfolio management tools and portfolio management platforms can use Ox Protocol. In fact, it has been integrated into numerous cryptocurrency projects and generated billions of dollars in trading volume.
Ox Protocol has teamed up with Matcha, a DEX aggregator, with a focus on simplicity and an intuitive user experience. OpenANX, a DApp of OAX Foundation and Blocknet, a decentralized protocol that enables the transfer of data across different blockchains also built on top of Ox Protocol.
So what exactly sets Ox Protocol apart from its competitors? Basically, it is a hybrid off-chain relay, on-chain settlement architecture. Unlike other decentralized exchanges that solely operate on-chain, 0x does not store orders on the blockchain. Instead, orders are stored off-chain, and only trade settlement occurs on-chain. This unique feature makes 0x a flexible and gas-efficient DEX protocol for developers to build on.
Users who create 0x orders are called “makers” and users who fill those orders are called “takers.” When creating an order, makers will indicate the details of that order, including the tokens they wish to exchange and the price at which they are willing to exchange them.
Now, let’s move on to the centerpiece of OX Protocol’s ecosystem: ZRX Tokens.
How ZRX Coin Overview
The ZRX token offers both governance and staking utility so it is an essential aspect of Ox Protocol’s decentralization.
Market makers that stake ZRX tokens receive a liquidity reward funded through a protocol fee applied to every 0x trade. The fee is denominated in ETH and deposited into a staking contract. Fees are pooled within the staking contract over a fixed window of time, which is referred to as an epoch. At the end of each epoch, market makers that stake ZRX tokens collect a portion of the accumulated pool.
Market makers can contribute stake on their own behalf or establish a 0x staking pool that allows ZRX token holders to delegate stake to them. Each staking pool specifies a fixed percentage of future liquidity rewards to be shared with the pool’s stakers. Establishing a 0x staking pool allows market makers to participate in the liquidity reward program without locking up funds that may otherwise serve as working capital. Half of the voting power associated with the delegated ZRX tokens will be under the market maker’s control. For this reason, potential stakers will need to evaluate their options carefully before joining a pool.
ZRX token holders are able to vote on 0x Improvement Proposals (ZEIPs) which are public proposals to change the behavior of the 0x pipeline of smart contracts, including their parameters. This could also extend to off-chain tooling proposals if it relates to how the contracts are interacted with. Each token equals one vote, so the amount of tokens an individual holds determines how much voting power they have.
ZRX Market Status and Sentiment
As of press time, ZRX is trading at $0.33. ZRX price has moved 4.00% in the last 24 hours.” The current market cap of ZRX is $327,700,000.00 and a maximum supply of 1,000,000,000 ZRX coins. The top cryptocurrency exchanges for trading the token are Binance, OKX, Bybit, Bitget and FTX.
“ZRX could reach around $0.52 in June 2022, an upswing of over 30%.”DigitalCoinPrice
“ZRX might climb up the rank in the market capitalization ladder. In the next 5 years, ZRX will be high on partnerships and integrations, which will make it a user-friendly cryptocurrency. In a time frame of 5 years, ZRX might reach $9.125.”CoinSwitch
“Ox ZRX might attain one of the top 30 growth positions as per market cap this year, and the 0x price-performance might be thoroughly maintained even throughout the year with a 258% hike.”Tokeneo
“ZRX could reach $0.66 in a year’s time but might be worth $1.63 in five years’ time”Wallet Investor
“ZRX coin has a promising future among crypto assets on the chart for long term investment. It might get marginally impacted, but bulls will be back for trade, and around 2024, its 0x price could skyrocket to an average of $1.010.”Trading Beasts
Since we have laid down the basic elements of Ox Protocol and factors affecting ZRX, let’s proceed to the technical analysis.
ZRX Price Analysis
ZRX was first listed in August 2017 with a trading price of 10 cents. In just two days, its price increased fivefold, and capitalization increased from 67 to 300 million dollars. Following the ICO, the price of 0x was $0.42 and it rose to $1.8 by the end of January 2018.
The stellar launch and surge in price were associated with an initially high interest in the project but gradually moved into the correction phase. It was also aggravated by the mass appearance of new promising coins (Bitcoin Cash, Tron, NEO, EOS, IOTA and others). By the end of December, the price dropped to 20 cents, and capitalization to 118 million dollars.
By November 2018, ZRX fell below $0.40 as the lowest price. Then, it continued the bearish trend until July 2019. The 0x protocol experienced a massive increase in trading volume in Q1 2020 as decentralized exchanges (DEXs) began to gain popularity due to their increased security and privacy relative to centralized exchanges (CEXs). So ZRX initiated recovery and crossed the $0.7 mark in mid-August 2020. Then, it faced rejection and marked a correction below $0.35. However, from the beginning of 2021, the ZRX price registered a tremendous rally and it has marked a new high at around $0.79.
The fourth quarter of 2021 was a difficult period for the cryptocurrency market and 0x fell from $1.15 on December 1 to $0.80 by end of 2021. There was a very slight recovery in the New Year and it met a four-week high of $0.94 on 3 January 2022. However, after the brief peak, the coin continued on a general downtrend, and by 24 January 2022 the coin was worth $0.50.
The current trading price is a slight decline from the all-time high of $2.5 set in early 2018. However, this is not alarming considering that it is a bear market. Moreover, the token has shown tremendous potential since mid-March 2020 and the current price is still up 5x from its lows during the pandemic market crash. In addition, there have been plenty of positive price actions this year with the release of 0x Protocol v4. According to the team, this will open up the protocol to new and more diverse opportunities for NFT marketplaces and dApps.
ZRX Price Prediction 2022
According to the ZRX forecast and technical analysis, the minimum cost of ZRX this year will be $0.41. ZRX crypto has been trying to keep its head above the water this year until earlier this month when prices dipped to $0.3379. However, the coin will bounce back a bit and the maximum level that it can reach is $0.50. Meanwhile, the average trading price will be around $0.43. 0x recorded 15/30 (50%) green days with 13.82% price volatility over the last 30 days.
0x is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 38 days, since Apr 30, 2022. The price is also below the 50-day SMA and this indicator has been signaling SELL for the last 33 days, since May 05, 2022. Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action.
Meanwhile, the Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 46.80, which indicates that the ZRX market is in a neutral position.
One of the key factors influencing the price action is the successful integration of Ox Protocol with other projects. For example, last March, it announced the successful implementation of a new NFT swap standard on Polygon, Avalanche, and Fantom.
ZRX Price Prediction 2023
Are you planning to purchase ZRX in 2023? If so, we are sure that one of the first things you want to look at is the price prediction of ZRX. In 2023, Ox Protocol is poised to intensify its expansion thanks to the launch of 0x Protocol v4. With the roll-out of new partnerships, the price prediction is slightly optimistic. ZRX is in a strong position to carve more market share and compete with other coins available in the crypto space. The DeFi boom can positively impact the price and push mass adoption as well as user acquisition.
Considering the historical trends and market conditions, the minimum price of ZRX will be around $0.73 and the maximum will be around $0.81. On average, the trading price will hit $0.65.
ZRX Price Prediction 2024
According to the ZRX price prediction and technical analysis, the bullish trend will continue this year. ZRX is expected to have the following minimum and maximum prices: about $0.87 and $1.08, respectively. The average expected trading price is $0.90. Historically, ZRX has shown full potential to not only sustain but consistently grow even in adverse conditions in the long term. There’s a consensus among investors that in the long-run the blockchain space will grow the value of digital coins with utility will certainly rise in the future.
ZRX Price Prediction 2025
This year might mark as the benchmark year as ZRX value is predicted to surpass a new all-time high around $5 by all means. According to ZRX price prediction, with mass adoption, ZRX is estimated to reach around $1.49 by 2025, a price increase like never before. Also, the average price would be $1.37.
ZRX Price Prediction 2026
The cryptocurrency market is extremely volatile but a strong bull run in 2026 can push the price of ZRX to $1.65 in January and August and straight to the $1.85 mark towards December 2026. Ox Protocol should maintain its momentum by focusing on expanding its ecosystem and acquiring more users.
ZRX Price Prediction 2027
Building upon the price action of the bull run, the estimated average ZRX price will be around $2.77. It might drop to a minimum of $2.68, but it still might reach $3.30 throughout 2027. Of course, the market may crash after a long bull run, which is typical in the cryptocurrency market.
ZRX Price Prediction 2028
For the ZRX 2028 price prediction, we considered major factors such as the total addressable market along with the historical prices. If Ox Protocol succeeds in its vision to expand beyond Ethereum to further solidify the 0x protocol as a core DeFi building block in a multi-blockchain future then ZRX can continue rallying the price upwards. It is estimated that ZRX will be traded between $3.89 and $4.62 in 2028. Its average price is expected to be around $4.03.
ZRX Price Prediction 2029
By 2029, ZRX would smash previous records because the maximum ZRX price is predicted to be $7.69. However, its rate might drop to around $6.82. So, the expected average trading price is $7.02.
ZRX Price Prediction 2030
0x protocol is an open and community-oriented product that has contributed to Ethereum’s rapidly growing DeFi ecosystem. It also pioneered new business models that prioritize community usage over short-term profits. By now, expansion beyond Ethereum will be in full swing. Hence, the market outlook is very bullish. ZRX will be traded for at least $9.80, with the possible maximum peaks at $11.25. Therefore, on average, you can expect the ZRX price to be around $10.10 in 2030.