The trading volume of 0x (ZRX) is $13,912,789.19 in the last 24 hours, representing a 11.74% increase from one day ago and signalling a recent rise in market activity. The highest price paid for 0x (ZRX) is $2.50 , which was recorded on Jan 13, 2018 (about 5 years). Comparatively, the current price is -91.2% lower than the all-time high price. The lowest price paid for 0x (ZRX) is $0.120667 , which was recorded on Mar 13, 2020 (almost 3 years). Comparatively, the current price is 81.6% higher than the all-time low price. Market capitalization of 0x (ZRX) is $185,785,514 and is ranked #185 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ZRX tokens (850 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of 0x (ZRX) is $219,216,966 . This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion ZRX tokens are in circulation today. Depending on how the emission schedule of ZRX tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 71% of users are feeling good about 0x (ZRX) today.
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There are two schools of thought in determining the price of 0x.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of 0x, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of 0x from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of 0x on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for 0x as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for 0x and the cryptocurrency market as a whole.
2. What is the highest price of 0x in history?
0x achieved the all-time high of R$11.68 in 2018-01-13, and is currently trading at R$1.02.
3. What is the lowest price of 0x in history?
In 2020-03-13, 0x reached the all-time low of R$0.56.
4. Should I buy 0x now?
It is important to remember that 0x, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.