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- 1 The 0x Protocol token price dropped 2.31% in the past 24 hours and was at $0.357 at the time of writing.
- 2 The 0x Protocol crypto price experienced profit booking in recent sessions after a short term surge.
0x is a protocol for trading Ethereum assets without middlemen. It supports both fungible and non-fungible tokens. It can be used for many things, like markets, OTC trading, DeFi protocols, and more.
It also helps developers add trading to their web3 apps. It uses smart contracts to make transactions cheap and safe.
0x has a token, ZRX, which is used for paying fees and voting on the protocol. 0x is open-source and clear. It has generated over $200 Billion in trading volume since its launch.
It has a maximum supply of 1 Billion. Currently, over three quarters of the maximum supply are in circulation and just a small fraction of this is locked up for staking rewards.
0x Protocol Crypto Price Technical Analysis
The 0x Protocol price has been under steady selling pressure since mid November. The price slid down forming lower highs and lower lows. The recent decline has dragged the price below the 50-day EMA, signaling weakness.
Moreover, the long term still stands on the positive side. The price witnessed a short term price jump of over 90% in a very short span in the 1st week of November. The recent price decline seems to be a pullback and a profit booking spree after a short term gain.
As per the technical analysis of the ZRX/USD chart, The price has undergone short term correction. The long term trend seems to be on the positive side until the price hovers above the 200-day EMA.
The price may retest the previous breakout zone and may resume its long term trend if the buying volume dominates the trend near the previous breakout zone.
0x Protocol Price Prediction 2023
The price prediction for 2023 showcases a neutral to bearish outlook in the short term. The most optimistic price forecast of the analysts expects a price hike of 24.80%. the price could advance to a high of $0.445 by the year-end. However, the pessimistic view of analysts predicts that the price could drop to $0.282.
0x Protocol Price Prediction 2024
As per our analysts, the most optimistic target that the 0x Protocol token may achieve is $0.7702; suggesting an upside potential of 114.51% from the CMP. The average analyst price target to be attained is $0.629 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.531.
0x Protocol Price Prediction 2025
According to the most optimistic analysts’ projections, the ZRX price could reach up to $1.142 in the next three years as its highest value. The price may surpass $0.895 according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $0.727.
0x Protocol Price Prediction 2026
The price analysis for the year 2026 shows that the ZRX cryptocurrency may achieve $1.535 as the highest price. The bearish view of the analysts expects the price to reach a low of $1.120 by 2026.
0x Protocol Price Prediction 2027
The most bullish analysts foresee a potential value of $1.895 by the year 2027. A minimum price target that the ZRX crypto may achieve by 2027 is $1.410.
0x Protocol Price Prediction 2028
The price forecast of the 0x Protocol crypto shows that it may reach a high of $2.448 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for 0x Protocol is $1.798.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
