Daily Crypto Update: ZRX Rises 13.53 percent in 24 hours!

Daily Crypto Update: ZRX Rises 13.53 percent in 24 hours!

Ox (ZRX) has risen 13.53 percent in the last 24 hours. The cryptocurrency saw a low of 1.12 USD yesterday, May 23, and is now being traded at 1.27 USD.

What is Ox?

0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.

The Ethereum blockchain is an open, borderless financial system that represents a wide variety of assets as cryptographic tokens. In the future, most digital assets and goods will be tokenized.

In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Anyone can build a relayer. 0x protocol is a pluggable building block for dApps that require exchange functionality. Join the many developers that are already using 0x in their web applications and smart contracts.

Built on Ethereum’s distributed network with no centralized point of failure and no downtime, each trade is settled atomically and without counterparty risk. 0x is open source, permissionless and free to use. Trade directly with a known counterparty for free or pay a relayer some ZRX tokens to access their liquidity pool. By sharing a standard API, relayers can easily aggregate liquidity pools, creating network effects around liquidity that compound as more relayers come online.

Reasons for the Rise

While there isn’t any specific reason for the recent gain of the cryptocurrency, the gain can certainly be accredited to the highly volatile nature of the crypto market.

Other Major Gainers

The top ten currencies who have gained in the last 24 hours other than Ox are:

Holo (HOT) has gained 5.04 percent, and Mixin (XIN) has gained 3.59 percent.

EOS (EOS) has gained 3.53 percent, and Bitcoin Private (BTCP) has gained 3.32 percent.

Enigma (ENG) has gained 1.71 percent, and Nebulas (NAS) has gained 1.56 percent.

Loom Network (LOOM) has gained 1.43 percent, and Bitcoin Diamond (BCD) has gained 1.16 percent.

Ontology (ONT) has gained 0.87 percent and the last cryptocurrency to be able to make its way into the list of gainers is Aion (AION)  with 0.75  percent.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.