ZRX (0x) as Large-cap Token is 41st in the 2100NEWS ranking. The quality of the order book of ZRX is Good. The average quality of the order book for large caps members of the NWSL100 index is 12.1. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
ZRX has been launched in 83 exchanges. Through ICO in September 2017, 0x raised $24 million.
0x as Large-cap Token is 41st in 2100NEWS ranking (after Index Review of 6th December 2019). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100.
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 12.3, (Average for Large caps: 11.6)
Over the past week, the average market cap was $129.5 million, average daily volume was $16.1 million.
To make appropriate peer comparison we gauged the ZRX (0x) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the ZRX vs. NWSL100, in the middle of the chart is the original ZRX price, at the bottom of the chart are NWSL100 and correlation between ZRX and NWSL100. On average (purple area graph), the relationship between ZRX and NWSL100 has shown ZRX has grown and beaten the NWSL100, it has increased by 73.89% vs. NWSL100 in the last four months. However, the correlation graph gives us an explanation that correlation is weak and negative (Pearsons correlation coefficient = -0.29) but positive and strong in the last month, for 60% of the time, it was moving in the same direction as the NWSL100. So, it has not been a typical representative of the NWSL100 index in terms of price changes.
According to Etherscan, there are 119,115 token holders (at the time of this article’s writing).
0x has done a lot already. They have focused on providing the best liquidity API for the rapidly expanding DeFi economy. In November they successfully launched 0x v3 which deepen networked liquidity and improve the developer experience building on 0x. Nevertheless, they have set many interesting goals for the future. They want to do four key things in 2020: Cross-platform, 0x v3 Upgrade, Limit Orders and Scaling with ZKPs. They invest heavily in communications with the community. They have 151.8K followers at Twitter.
About 0x – what they do
0x is a protocol that facilitates the peer-to-peer exchange of Ethereum-based assets. The protocol serves as an open standard and common building block for any developer needing exchange functionality. 0x provides secure smart contracts that are externally audited; developer tools tailored to the 0x ecosystem; and open access to a pool of shared liquidity. Developers can integrate with 0x at the smart contract or application layer.
0x is important infrastructure for the emerging crypto economy and enables markets to be created that couldn’t have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past.
Mission: Creating a tokenized world where all value can flow freely.
Their Core Values: (1) Do The Right Thing; (2) Consistently Ship; (3) Focus on Long-term Impact.
0x is based in San Francisco, USA. They have a distributed team with backgrounds in engineering, academic research, business, and design. The core team: Will Warren (Co-founder & CEO) and Amir Bandeali (Co-founder & CTO).
Exchanges: ABCC, Alterdice, BiKi, Bilaxy, Binance, Binance US, BitAsset, BitBay, Bitbns, Bitci, Bitfinex, Bithumb, Bitkub, BitMart, BitMax, Bitrue, Bitsdaq, Bittrex, Bitvavo, BKEX, BW.com, C2CX, Cat.Ex, Coinbase Pro, CoinBene, Coinbit, Coineal, CoinEx, CoinField, CoinHe, CoinJar, Coinone, CoinTiger, CoinZest, COSS, C-Patex, CredoEx, Crex24, Cryptomate, Dcoin, Dex-Trade, DigiFinex, Exmo, Exrates, FCoin, Folgory, Gate.io, GOPAX, HitBTC, Hotbit, Hubi, Huobi Global, Huobi Korea, IDEX, Independent Reserve, Korbit, KuCoin, Kyber Network, LiteBit.eu, Livecoin, LocalTrade, Mercatox, MXC, OceanEx, OKEx, OKEx Korea, Omgfin, OpenLedger DEX, P2PB2B, Poloniex, ProBit Exchange, Radar Relay, RightBTC, Sistemkoin, Stellarterm, Tidex, TOKOK, Upbit, VCC Exchange, Vebitcoin, WazirX, ZB.COM, ZBG.
You can follow them: Twitter Reddit Facebook
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens ZRX.