Those traders who tend to estimate the genuine value and the prospectiveness of a coin not only by its historical price action and news but also by virtue of fundamentals should definitely pay close attention to 0x (ZRX). The project behind this cryptocurrency is engaged in the development of some interesting solutions for decentralized cryptocurrency exchanges, which many consider being the future of cryptocurrency trading.
Fundamentals incentivize price action of 0x
In a nutshell, 0x is an open-source protocol created on the foundation of Ethereum blockchain that facilitates an instant and cost-efficient exchange and purchase of cryptographic assets. The project’s chief product is API that offers plenty of perks and can be easily integrated into virtually any decentralized cryptocurrency exchange. The primary purpose of the API is to attract liquidity to the platforms and reduce the chances of slippage, which would be achieved by combining the order books from different cryptocurrency exchange platforms. The API was launched on January 29, and this event has found its reflection on the price charts.
1-day ZRX/USDT chart