0x - promising technology
Coin of the day is 0x.
Decentralized exchanges(DEX’s) is one of the hot topics in 2018. Many believe that soon DEX’s will replace centralized exchanges, as their philosophy fits better to the crypto world. If such things are about to happen, the logical conclusion is to bet on technology providers.
0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets can eventually be built using 0x.
Latest news
May 23 – Coinbase acquires cryptocurrency trading 0x based trading platform Paradex.
Cryptocurrency exchange Coinbase has acquired Paradex, a platform that enables users to trade virtual coins directly with each other, the San Francisco-based company said on Wednesday.
Coinbase plans to make some enhancements to the technology and launch Paradex's services to customers outside of the United States, enabling them to trade "hundreds of tokens," it said.
Technicals
Sustained growth already brought ZRXBTC price higher than the all-time peak at 0.0002, and expectedly threw the coin back into a correction. The correction did not take long and the price peaked-up with huge volumes getting close to the all-time high 0.0002 level again. In case of a breakthrough of this zone, the price will not have any resistance from above thou could go high. From the below, Bullish Trend Line and 100-days EMA would serve as a long-term supporting levels for the growth scenario.
Decentralized exchanges(DEX’s) is one of the hot topics in 2018. Many believe that soon DEX’s will replace centralized exchanges, as their philosophy fits better to the crypto world. If such things are about to happen, the logical conclusion is to bet on technology providers.
0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets can eventually be built using 0x.
Latest news
May 23 – Coinbase acquires cryptocurrency trading 0x based trading platform Paradex.
Cryptocurrency exchange Coinbase has acquired Paradex, a platform that enables users to trade virtual coins directly with each other, the San Francisco-based company said on Wednesday.
Coinbase plans to make some enhancements to the technology and launch Paradex's services to customers outside of the United States, enabling them to trade "hundreds of tokens," it said.
Technicals
Sustained growth already brought ZRXBTC price higher than the all-time peak at 0.0002, and expectedly threw the coin back into a correction. The correction did not take long and the price peaked-up with huge volumes getting close to the all-time high 0.0002 level again. In case of a breakthrough of this zone, the price will not have any resistance from above thou could go high. From the below, Bullish Trend Line and 100-days EMA would serve as a long-term supporting levels for the growth scenario.
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