ZRX Rallies by 40% While Having Anemic Performance for Last Year

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Arman Shirinyan

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ZRX delivers a nice surprise for investors with 59% price increase at the top of the day

Another coin that had been around in the cryptocurrency industry since 2018 0x (ZRX) unexpectedly rallied by more than 30% despite showing no outstanding moves since 2021, dropping the correlation with the majority of altcoins and Bitcoin.

At some point, ZRX 24 hour performance showed a 59% price increase but then the coin retraced for approximately 20%. Such a volatile price performance is usually tied to the speculative nature of a price rally.

According to data provided by Santiment on-chain metrics tracker, a large whale transaction volume followed the 29% pump. The number of large transactions hit a four-week high as 52 transactions larger than $100,000 appeared.


Such a large transactional volume among whales should not be considered as something extremely positive amid a rapid price increase as it may be tied to the incoming selling pressure, and investors tend to move the asset for profit on the market.

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According to the IntoTheBlock data, 0x is one of the most profitable assets on the cryptocurrency market with 72% profitability. Cryptocurrencies with profitability above 50% and below 75% are considered relatively stable as most investors remain in profit but do not massively take profit.

0x is an infrastructure protocol that allows exchanging ERC20 tokens and other Ethereum-powered assets with no third party like CEXs. Projects mostly function on open-source smart contracts with easy-to-implement products.

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