ZRX Cryptocurrency
ZRX is a cryptocurrency of the 0x protocol, designed for seamless trading of assets on the Ethereum blockchain (you can read what a blockchain is by following this link). It provides an opportunity to avoid the use of centralized platforms, and thus to reduce possible risks to zero. When you buy or sell assets using 0x, they are transferred from the seller's wallet to the buyer's wallet directly.
Background of its creation
Ethereum is the largest blockchain. In addition to the coin of the same name, many other digital tokens operate on it. There are also non-exchangeable assets, aka NFTs, stored in it. For example, art objects in the form of images. Initially, cryptocurrencies and other assets on this blockchain were traded mostly on centralized platforms. It works as follows:
- A seller puts his or her assets on a trading platform, whether it's coins or NFTs.
- A buyer transfers funds to the platform address.
- Then, on the platform, they can make an exchange of some assets for others.
- Once the trades are completed, assets are sent from the chosen marketplace to the personal wallet.
Although this system has its advantages, it still involves several risks:
- If the centralized platform is hacked, hackers will be able to transfer assets to their wallets, resulting in the risk of loss both on the seller and the buyer.
- Bidders have to trust the platform with their funds. If management or someone on staff turns out to be untrustworthy, in fact, they can steal assets at any time.
- Conducting a trading operation takes more time due to the need to perform additional actions.
The founders of Project 0x decided to create a protocol that would save users from these risks. The system they developed works in a fundamentally different way. The protocol is decentralized, and users' assets are stored on their own wallets. Therefore, neither the creators of the protocol nor hackers can steal them.
The advantages of ZRX cryptocurrency
One of the components of the 0x protocol that makes it work is the ZRX crypto. This coin is used for:
- paying commissions when using the protocol;
- voting for possible directions of development of the protocol - it is the holders of ZRX cryptocurrency who decide what innovations can be introduced in the system in the near future;
- staking - you can earn passive income by transferring your ZRX tokens to the protocol, and then they will be used in it to ensure the stability of the system.
Protocol 0x, together with ZRX cryptocurrency, can be used for different purposes. For example, to create trading platforms where users can exchange assets, such as NFTs, without risks and dependence on regulators and the management of these platforms.
How the price of cryptocurrency ZRX changed
ZRX crypto has surpassed the $2 per token mark twice in its trading history. The first was in 2018, shortly after its launch, which coincided with a big rise in the crypto market as a whole. The second time was in April 2021. By that point, the protocol had already carved out a niche for itself in the market, so it grew along with it.
For most of 2020, the ZRX cryptocurrency was at $0.15 to $0.4 per token. Accordingly, in April 2021, users invested in it at the time could sell the asset for 4 to 13 times more than they bought it. And even at the time of writing, when the crypto market experiences uncertainty and a slight decline, the coin is still trading at times higher prices than in 2020.
ZRX Cryptocurrency Forecast
Cryptocurrency ZRX is one of those assets that follow the direction of the market. After all, as the trading is more active, the more demand for the token among people who need to sell or buy something. So when the market is at a peak, the price spikes. And when trading volumes fall, the value of the asset goes down with it.
That's why experts make some pretty bold predictions about ZRX crypto. They believe that in the long term, the price will not only reach previous peaks above $2 (because in general, the crypto market is constantly developing and growing), but will exceed them. Some experts expect a value of $4-5 per token in the next few years.
Where to Buy ZRX Cryptocurrency
If you think the forecast of experts about the cryptocurrency ZRX will come true and its price will increase several times, you need to find a convenient and reliable way to invest in this asset. The best choice for a beginner is the Broex exchanger. You can buy ZRX crypto through Broex without any doubts about its fairness. Broex is licensed to allow users to buy and sell digital assets. It was approved by the Estonian regulator, which made the company completely legal.
The creators of the exchanger have taken care to make it as convenient as possible. The interface is intuitive and very quick to master. It takes less than a minute to make a transaction. All you have to do is make a deposit, choose a cryptocurrency, and specify how much you want to buy it for.
You don't have to withdraw the assets to third-party wallets. Broex will take care of their safe storage, and you will be able to access them at any time through your personal account.
The advantages of Broex exchanger:
- Technical support. Our support staff is ready to help you at any time of the day or night, even on weekends. Any problem is solved in a few minutes, which is especially important for beginners who are worried about not being able to quickly figure out how to buy ZRX cryptocurrency.
- Low commissions. From 0.1%, and in a number of scenarios there are no commissions at all.
- Instant deposit by a variety of methods. Choose the most convenient method - you can deposit via bank card or AdvCash. In this case, the minimum deposit is only 1500 rubles.
In addition, Broex has a convenient, fast and functional mobile app. Using it, you can make exchanges, manage your assets, and much more. Functionality is exactly the same as the web-version, but optimized for mobile devices. Thanks to this, you can use Broex from anywhere with an Internet connection.