Following Coinbase listing, 0x [ZRX] surges by a whopping 33%

Coinbase, one of the largest crypto exchanges in the world, has announced its support for 0x [ZRX], currently sitting on the 22nd spot in terms of market cap. Announced via a Medium blog post, Coinbase said that it will begin to support ZRX via its Android and iOS applications. Customers can now trade or simply send and receive 0x, in addition to coins such as Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], among others, as stated by Dan Romero, vice president and GM of Coinbase Consumer in the blog post. The fervor around the Coinbase announcement was soon reflected in the crypto market, with ZRX surging 30% against the U.S. dollar in a matter of 8 hours.

ZRX is now live at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, send, receive, or store ZRX. https://t.co/kzDisSZrFu

— Coinbase (@coinbase) October 16, 2018

ZRX/USD

The key support level of 0x was traced at $0.6663, which the coin last touched on Thursday. The key resistance level of ZRX was noted at $0.7199, which the coin surpassed on Monday when the bullish move began. The MACD shows that the coin is in a bullish swing and the 100 EMA line points to an uptrend for ZRX. The hourly RSI indicator is currently at 80.23, implying that the coin is overbought in the market. The trading range for ZRX is noted at $0.8613-$1.009. At press time, 0x had shot up about 34% against the U.S. dollar and was valued at $0.9801.

ZRX/BTC

Currently, the virtual currency has gained 34.3% against Bitcoin [BTC] and one ZRX is equivalent to 0.00014921 BTC.

Market Capitalization

The market cap of ZRX has been hovering around the $400 million mark for the past week, prior to the bullish wave. As of 1830 UTC on Tuesday, the market cap of 0x was $401.14 million and has increased by a staggering 32.4% to $530.19 million, as of 0230 UTC on Wednesday.

0x [ZRX] Price Prediction 2018, 2020

• According to WalletInvestor, the digital asset will trade at $1.169 in one year’s time. The five-year prediction for the coin was placed at $3.374.
• Coin Switch has predicted that the virtual currency will be valued at $2.73 in one year while the five-year forecast is set at $9.13.
• Going by a Trading Beasts prediction, ZRX is expected to hit $0.88 by the start of December this year and finally end the year at $1.20. By the end of 2020, the token is forecast to trade within a range of $2.06-$3.03
• According to MCP forecasts, the one-year price prediction of ZRX is $16.88 and the five-year prediction is set at $61.76.

0x [ZRX] Latest Updates

0X has not seen immense developments over the past few months, barring the Coinbase announcement. However, Circle Invest, the investing application, had added ZRX to its portfolio last month. The crypto's potential growth and performance were taken into account before being added to the app. See also: Stellar Lumens, EOS, Qtum & 0x now available on Circle Invest app See also: Coinbase hopeful about the Japanese market, despite FSA scrutiny Image via Shutterstock Join our Telegram group