0x Price Analysis: ZRX Pulls A surprising Performance As Protocol v2.0 Is Launched. Wednesday, September 26
0x Price Analysis; 0x Pulls A surprising Performance As Protocol v2.0 Is Launched
Today, Wednesday 26, the market is mixed with cryptocurrencies performances, some are in the red zone and others in the green zone. Although most major cryptocurrencies like bitcoin, Ethereum and XRP are recording slight gains, some cryptocurrencies are still dropping. One particular coin, 0x, is putting up an outstanding performance. In the last 24 hours, the coin has soared by 16.52% and indications show that it is not about to slow down. At the time of press, the coin is trading at $0.530100 with a market cap of $21,135,554,094.
Recent Major Announcements
The price surge might be as a result of a string of recent announcements made by the team. On Monday 24, the team announced the launch of the protocol v2.0. Finally, after a year of development, on Monday the team completed mainnet testing for 0x protocol v2.0, finally launching it. According to the official post from the team, Version 1 enabled developers to create beautiful user experiences, tap into public pools of liquidity, reduce development time, and lower costs associated with trading. Now the team says that the new Version 2 will support all these features and introduce new case uses.
Just days before the launch of the new protocol, we reported on 0x being listed by a major cryptocurrency exchange, Circle Invest. This was a major achievement for the coin, the platform exposes 0x to a wider user market.
The string of positive news might be the reason the coin is performing exceptionally well today. The coin is still a long way from its all-time high of $3.65 but the upward movement is a step closer. If the project receives more positive news in the coming days, it could finally break the $0.9 resistance level. Breaking past $0.9 would trigger demand for the coin and maybe it could very well soar to its all-time high.
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