0x is a platform that supports the peer-to-peer exchange of digital assets on the Ethereum network. Developed in 2016 and launched the following year, 0x was one of the first projects to specifically focus on the development of decentralised exchanges.
If you’ve been watching the cryptocurrency market over the last year or so, then you’ll no doubt be aware that decentralised finance - DeFi - has attracted huge amounts of attention and reinvigorated investor appetite for digital finance in general.
Whilst Bitcoin continues to dominate the market in terms of token value, it seems that more and more cryptocurrency investors are now looking for projects that have the potential to support the expansion of DeFi and blockchain technology - and 0x is one such project.
The 0x protocol allows developers to build and implement decentralised exchanges within their own projects. This potentially offers huge value to the cryptocurrency markets, as new projects can leverage 0x technology to build their own marketplaces using ERC-20 tokens to represent just about any asset.
But does 0x’s native token, ZRX, have potential as an investment or is it overshadowed by other DEX-focused tokens? In the following 0x price prediction for 2025 and 2030, we’ll take a closer look at the platform and what sort of opportunity it presents for potential investors.
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A Brief History of 0x
ZeroEx Inc, a company founded by Will Warren and Amir Bandeali, began the development of 0x in 2016. The idea was to create a platform that would allow cryptocurrency to be used to represent any kind of assets, even stocks and commodities, which could then be exchanged and traded in a decentralised manner.
In July the following year, the organisation raised $24 million in funding with an ICO of its native ZRX token. Major venture capital vehicles including Blockchain Capital, Polychain Capital, and Pantera Capital were involved in this injection of funds.
The company also has several prominent advisors, including Coinbase co-founder Fred Ehrsam, Scalar Capital co-founder Linda Xie and Augur co-founder Joey Krug.
0x - an Overview
0x is an open trading protocol that developers can use to build their exchanges. Effectively, what it does is provide pre-made tools to execute trades and place/fill orders. So how does it work? The inner workings are fairly complex and beyond the scope of this article, but we can provide an overview of the key features.
0x processes transactions on off-chain relays. This is an important distinction between it and other DEX protocols, as it significantly reduces congestion and GAS fees when compared with DEXs that perform their transactions on the main chain. 0x’s advantage is that it only communicates with the main chain for settlement.
This means orders can be carried out by users via relays. The relays communicate and host the orders as required. They create a pool of orders, which are then submitted to the main chain for settlement. This allows for a much faster exchange mechanism that incurs lower fees - making 0x highly appealing to DeFi projects that have been hamstrung by Ethereum’s soaring costs.
There are already several prominent DeFi projects using the 0x protocol, including Augur, Gnosis and district0x.
What Other Features Does 0x Have?
Since it’s launch in 2017, the team behind 0x have continued to innovate and expand its features, which should only serve to make it more appealing to developers.
The 0x Launch Kit
One of the most interesting features is the 0x launch kit. This is an SDK that gives just about anyone the ability to launch their own DEX, potentially within minutes. The Launch Kit has seen several upgrades and includes support for everything from cloud computing services to NFTs.
0x Instant
0x instant is a very cool innovation that allows users, developers or businesses to take a few simple lines of code and add cryptocurrency purchasing to any app or website. The widgit supports ETH and is delivered via aMetaMask, Ledger, Trezor, or any other Ethereum wallet. 0x Instant can also support NFTs, which means it offers the ideal platform for artists and gaming platforms to sell their digital assets.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The ZRX Token
The native token of 0x is ZRX, which has a couple of use cases. First and foremost, it is used as a reward for users that operate nodes (the relays), which are the lifeblood of the protocol. When other users make trades using the 0x platform, those providing the nodes receive a share of the fees.
In addition to this, ZRX is also the governance token of the platform. This means that ZRX holders can vote on changes to the software, in effect guiding the direction of the project.
Looking At 0x’s Price History
When 0x first hit the markets, it had a trading price of around $0.22. However, the first few months of its existence were marked by a significant upturn that occurred throughout December 2017 and January 2018, wherein ZRX soared by over 1000% in a month to reach its all-time high of $2.50.
The price didn’t hold long and in March 2018 ZRX plummeted to just $0.45 per token. However, the very next month 0x saw another major surge in value and went from just above $0.50 per token to around $1.90 in a matter of weeks. Despite a crypto market downturn subduing prices, 0x saw several peaks throughout 2018, but by December it had succumbed and ZRX was trading at less than $0.30 per token.
Throughout 2019, ZRX saw consistent volatiltiy, but it was not able to breach $0.40 for an average trading price. Instead, the token seemingly bounced between a low of $0.15 and a maximum upper trading price of around $0.37.
0x had a better year in 2020, spending much of its time above $0.40 and experiencing a substantial bull in August that saw its token price rise to $0.73, before settling back down. It was in 2021 that things took off again and in the first week of February the price of ZRX surged from $0.60 to $1.61, peaking again to $1.87 the following week.
Another major upswing occurred in April that took ZRX close to record highs at $2.32. However, a downturn followed that took the token back to around $0.64. It recovered to an average trading price above $1.30 before the year was out, but a widespread market downturn saw it slump to $0.54 in January 2022.
Don't Miss: The 5 Best Ways To Buy 0x (ZRX) In 2022
0x Price Predictions For 2025
As we have seen, 0x price has diverged from the wider market on several occasions. It has also demonstrated its ability to undergo significant upswings. However, price history’s value to investors is that it forms the basis for price forecasts. So what do 0x price predictions for 2025 look like?
If we look at DigitalCoinPrice, it seems that prices are expected to rise but 0x will continue to see substantial volatility. For example, by July 2023, the token is expected to be worth around $0.96 - up 75% on today’s price. However, by November of that year, it will be worth an estimated $0.78 - an increase of around 43% on today’s price. Similarly, in 2025 the 0x token is predicted to be over 110% up in November, at a price of $1.14, before declining to $0.79 in December.
Elsewhere, WalletInvestor also sees ZRX’s price fluctuating significantly, though it also expects the token to hold its value slightly more. By the end of 2022, the platform’s forecast suggests 0x will have a trading price of $1.09. The token will then continue on an upward trajectory throughout most of 2023, reaching an average trading price of $1.53 by December. Looking ahead to 2025, WalletInvestor suggest the 0x token could reach a high of over $2 before the year is out.
Finally, TradingBeasts is forecasting far steadier growth in its 0x price prediction for 2025. Whilst it does foresee periods of volatility over 2022, by the end of 2023 the token is expected to have reached a trading price of $1.01 - up around 47% on today’s price. Then the token is expected to perform well across 2025, reaching a potential high of $1.31 by December 2025.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
0x Price Predictions For 2030
It seems that most analysts are predicting growth for 0x over the next few years albeit with a high degree of volatility from month to month. But what about over the longer term? Whilst we try to discourage investors from putting too much faith in long-term cryptocurrency forecasts, it's still worth noting 0x price predictions for 2030 to get an idea of how analysts see its long-term prospects.
DigitalCoinPrice, for example, actually sees 0x’s price appreciation accelerating after 2026. By December of 2027, the token is expected to have grown by 181% on today’s price, with an average price of $1.54. However, by the time January 2029 comes around, ZRX could be worth as much as $2.43. Price growth is expected to cool across the remainder of the year, but by 2030 we could see 0x trading at $2.73.
A far more optimistic - and arguably unrealistic - 0x price prediction for 2030 can be found on PricePrediction.net. It has ZRX having more than quadrupled in value by the close of 2025 and expects the token to continue on a steep upwards trajectory. By 2027, 0x is expected to be worth $4.89 and by 2030 PricePrediction.net suggests the coin could reach as high as $16.87.
Of course, this is an ambitious target and its difficult to see how the 0x price predictions for 2030 differ so much in their figures, but as always, these forecasts should be seen as suggestive only. They should not be used to inform your investment strategy, whether it be long-term or otherwise.
Don't Miss: 0x (ZRX) Price Predictions 2022 – 2030
Conclusion: Should You Invest In 0x?
Realistically, 0x is never going to be a big-name token in the same sense as Bitcoin or Solana is. However, despite a lack of notoriety, the fact that it provides immense value behind the scenes should see it continue to attract investment as the years go by.
By providing what is effectively a plug-and-play solution for anyone looking to build a project that involves the exchange of Ethereum tokens, 0x has a very strong use case and the more tools it develops to make developers’ lives easier, the more uptake is likely to grow.
The 0x price predictions for 2025 and 2030 that we saw would certainly suggest that the project is expected to grow from strength to strength. Whilst these are by no means guaranteed, they are certainly a positive sign for anyone looking to invest in 0x in 2022.
That being said, investors will need to keep a close eye on developments - particularly with the Ethereum 2.0 upgrades, which could lessen the appeal of an off chain solution such as 0x. There may also be rival platforms that start to offer more competition as the years go by.
All things considered, 0x could well prove to be a good investment in the coming years and investors should definitely have it on their watch list - especially as 2022 looks to be an exciting time for the market.
Where To Buy 0x
If you want to buy 0x’s native token, ZRX, then the first thing you’ll need to do is find a broker that lists the token. There are now hundreds of retail brokers and exchanges providing their services online, but for our money, you’d be hard pushed to find a better provider than eToro.
Not only does eToro have a solid reputation in the industry, but it also has an award-winning trading platform that is suitable for both novice and more advanced traders. There’s also a wealth of information available on the site, covering everything from investment strategy to cryptocurrency guides.
Opening an account takes just a few minutes and once verification is complete you’ll have access to all of eToro’s considerable trading resources.
eToro – Best Platform To Buy 0x (ZRX)
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
What is 0x?
0x is an advanced blockchain project that supports the peer-to-peer exchange of Ethereum-based assets. It also offers several solutions to allow developers to add cryptocurrency exchanges and payment options to their applications.
Is 0x an Ethereum blockchain?
0x serves the Ethereum blockchain in that it offers an off-chain relay network for developers looking to build exchanges but wanting to avoid the congestion and high GAS fees of the parent blockchain.
Should I buy 0x?
0x is one of the less glamorous cryptocurrencies out there. There are no major celebrity endorsements or Reddit-driven price runs on the cards, but the platform is hugely valuable within the cryptocurrency world and its native token, ZRX, is expected to grow in value in the coming years. As such, 0x could prove a smart investment in 2022.
What is the native token of 0x?
0x native token is called ZRX and it performs an essential role in the project’s infrastructure as it is used to reward those providing nodes on the network. It is these nodes, or relays, that collect the orders to be processed and make it possible for 0x to offer fast transactions with relatively low fees.
Where can I buy ZRX?
If you want to buy ZRX then you’ll need to find a broker that lists the token. We recommend eToro, as it is one of the most trusted names in retail investment. You’ll find it lists ZRX as well as numerous other cryptocurrencies which can be bought and sold via its award-winning trading platform.
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