Price Prediction

Ox Price Prediction: Will ZRX Price Go up or Crash?

Ox is an open-source protocol that promotes the peer-to-peer exchange of Ethereum based assets. It offers secured and audited smart contracts. It comprises freely composable Defi blocks and builds a protocol that needs liquidity and exchange to functions. 

ZRX price went parabolic over the years and eventually regain the lost position after a pretty long gap. With the notable change, Ox successfully attracted many which aided the price surge.

Will investing in ZRX, incur profit or loss? If it is a profitable investment, when the price may hit higher levels?

If you are also concerned about these queries, then you have landed on right place. This article implies providing you the complete information on Ox price prediction for 2021 and beyond. Let’s see how high the ZRX price could reach.

Table of contents

Overview

CryptocurrencyOx
TokenZRX
Price(At the Press time)$2.01
Market Capitalization$1,593,476,147
Circulating Supply791,675,021,51 ZRX
All Time High$2.53 (Jan 09, 2018)
All Time Low$0.104 (August 16, 2017)

Fundamental Analysis of ZRX

ZRX is an open source blockchain protocol that allows decentralized exchange of tokens and assets issued in the Ethereum blockchain. ZRX is used to induce users to host and maintain order books for Ox markets. It is a digital token used to pay Relayer fees and to participate in the governance of the Ox protocol.

Created by Will Warren and Amir Badeali, ZRX supports both fungible and non-fungilbe tokens.  

Also Read: Ampleforth Price Prediction, Will AMPL Price Reach $10 By The End Of 2021?

ZRX Price Prediction 2021

On a bearish note, ZRX commenced the year 2021 with a trading price of $0.35. Later the bulls entered the market and surprisingly the price started to escalate as the token initiated an upward trajectory. 

Further the token is assumed to increase if it continues to be in a bullish rally. The currency may attain more investors with upgradation of its wallets and platforms. By the end of 2021, ZRX might hit the high price of $3 to $3.5

ZRX Price Prediction 2022

Ox might proceed in the year 2022 at an amount of $2.5. The price may escalate further, if the community concentrates on promoting the platform and works on the software upgradation. 

The price might decline if it fails to attain the minds of the marketers. At the end of 2022, ZRX might be exchanged at $5.5.

Price Prediction For The Next 5 Years

In the next 5 years, ZRX might succeed in conquering the market and compete with other altcoins available in the sphere. As it comprises DeFi blocks its price may intensify further and may result in attaining the more users as well as the investors. By the end of 5 years, ZRX might reach the highest value of $10

ZRX Market Prediction

Coinswitch

According to CoinArbitrage, Ox price would be $9.125 by the end of 2025 and the lowest could be $2 to $3.

WalletInvestor

According to WalletInvestor, Ox is a good investment for the long term and it is assumed to be traded at $3.043 at the end of 2021 and $7.278 by 2026.

DigitalCoinPrice

According to DigitalCoinPrice, ZRX would trade at an average price of $3.16 at the end of 2021 and could reach $6.12 by the end of 2026.

Primexbt

Primexbt analysts predicts the price may reach $2.50 by the end of 2021.

Our ZRX Price Prediction

Ox is anticipated to accumulate as it is built on the Ethereum network and its price might consistently increase if the value of Ethereum escalates. It might gain more investors as it facilitates the developers to build its platform. By the end of 2021, ZRX expected to reach as high as $3 to $5.

Also Read: Compound Price Prediction: Can COMP Reach $2K By 2021?

Historical Market Sentiments

2017

ZRX made an existence in the crypto market on 17 August 2017 with a trading value of $0.22. The price climbed to $0.44 within some days and further reduced to $0.17 by early November. Significantly, Ox incited an upward trajectory as it recognized in the market. Effectively, the price rose to $0.72 at the end of December to close the year 2017.

2018

On a bullish note, ZRX continued the year 2018 with a price of $0.96. Later with a price surge the token progressively hit $2.53 to record an all time high by mid January. Shockingly, Ox failed to be stable and the price declined to $1.42 within a few days. Further the price resisted at $1.98 by the end of January.

 Later, the bulls started to drag the prices down and ZRX sank to the lowest price of $0.44 and effectively surged to $1.82 by mid May. With certain variations, the token again dropped to $0.48 in September and continued to recover after. Further the ZRX sloped to as low as $0.31 to end the 2018.

2019

ZRX reumed the year 2019 with a trading value of $0.31. With certain price inequalities, Ox shockingly slumped to $0.16 by September as the bear’s acquaintance. The token did not perform well after and hovered between $0.18 and $0.26 for several days and ended the year 2019 with an exchange value of $0.19.

2020

ZRX entered the year 2020 at a cost of $0.19. The price steadily recovered to $0.32 by mid February and further plunged to the lowest price of $0.14 by mid March as the crypto market crashed due to the Covid-19 outbreak. Later with certain recovery, Ox progressively moved to $0.71 by August and again slid to $0.32 by November. The currency traded at $0.35 by the end of december to conclude the year 2020. 

FAQ

Can ZRX be halved?

No ZRX cannot be halved neither mined.

Is ZRX a profitable investment?

Yes, ZRX might be a profitable investment if you are planning to invest for the long term.

Is ZRX an ERC-20 token?

Yes, ZRX is an ERC-20 token built on Ethereum blockchain. 

Which is the consensus mechanism used by Ox?

Ox uses the Proof-of-Stake consensus mechanism.

Where to trade ZRX?

ZRX can be traded at the popular exchanges like Binance, Coinbase Pro, Bithumb, VCC Exchange and many more.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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