Cryptocurrency

Solana

Bitcoin

April

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 <p class="paragraph">During a favorable phase for most cryptocurrencies, 0x (ZRX) emerged as one of the standout performers, albeit less conspicuously. Amidst its bullish trend, both its market capitalization and value saw a significant multiplication.</p>
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 <p class="paragraph">In recent <a rel="noopener noreferrer nofollow" title="months" href="https://thebittimes.com/tag/months.html">months</a>, 0x’s <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> capitalization experienced remarkable growth, soaring by +238% in two <a rel="noopener noreferrer nofollow" title="months" href="https://thebittimes.com/tag/months.html">months</a> and, notably, almost doubling (+89%) in a mere two-day span. This surge in value coincided with a significant uptick in large-scale ZRX transactions, reaching a peak not seen in 1.5 years.&nbsp;</p>
 <p class="paragraph">Additionally, older coins, which had been dormant, re-entered circulation. This activity was highlighted by <em>Santiment</em>, a blockchain and cryptocurrency behavior analysis platform, in a post on November 12.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="607" src="https://cdn.thebittimes.com/images/2023/11/13/a7cac5830fbcdc252502e1ce94fa546a.webp" alt="ZRX value and market cap increase.  Source: Santiment" class="wp-image-137038" srcset="https://cdn.thebittimes.com/images/2023/11/13/a7cac5830fbcdc252502e1ce94fa546a.webp 1024w, https://cdn.thebittimes.com/images/2023/11/13/a7cac5830fbcdc252502e1ce94fa546a.webp 300w, https://cdn.thebittimes.com/images/2023/11/13/a7cac5830fbcdc252502e1ce94fa546a.webp 768w, https://cdn.thebittimes.com/images/2023/11/13/a7cac5830fbcdc252502e1ce94fa546a.webp 1536w, https://cdn.thebittimes.com/images/2023/11/13/a7cac5830fbcdc252502e1ce94fa546a.webp 1705w" sizes="(max-width: 1024px) 100vw, 1024px">
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   ZRX value and market cap increase. Source: Santiment
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 <p class="paragraph">This multiple-fold increase over the two-month period has brought the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of 0x to $479.97 million.&nbsp;</p>
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 <p class="paragraph">There have been 23 transactions exceeding a value of $100,000 in a single day since April 22, 2022. Notably, the average age of 0x investments is dropping, indicating that older wallets are moving and more coins can circulate.</p>
 <p class="paragraph">This trend looks set to continue in the near future, which will further increase the liquidity of this <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> asset and allow for more new investors to step in.</p>
 <h2 class="wp-block-heading" id="h-zrx-price-analysis">ZRX price analysis</h2>
 <p class="paragraph">At the time of press, 0x was trading at $0.58, representing a 9.83% positive increase in the 24-hour period, which has followed a remarkable 123.92% increase over the 7-day period, coupled with a skyrocket in value of 176.67% in the previous 30-day span.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/13/5571549cc8b51c2c19428b99f0180b6f.webp" alt="ZRX 24-hour price chart.  Source: Finbold
" class="wp-image-137039" srcset="https://cdn.thebittimes.com/images/2023/11/13/5571549cc8b51c2c19428b99f0180b6f.webp 1024w, https://cdn.thebittimes.com/images/2023/11/13/5571549cc8b51c2c19428b99f0180b6f.webp 300w, https://cdn.thebittimes.com/images/2023/11/13/5571549cc8b51c2c19428b99f0180b6f.webp 768w, https://cdn.thebittimes.com/images/2023/11/13/5571549cc8b51c2c19428b99f0180b6f.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   ZRX 24-hour price chart. Source: Finbold
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 <p class="paragraph">This value increase comes from solid indicators in the same period, where it has outperformed 91% of the top 100 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets in a year. Also, 0x has had 21 green days in the previous 30 days and is trading above the 200-day moving average simultaneously.</p>
 <p class="paragraph">However, it is still -79% down in value from its all-time high, and indicators suggest that it is overbought and may soon experience a decrease in value.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-cryptocurrency-has-tripled-its-market-cap-in-2-months-tbt70058.html">https://thebittimes.com/this-cryptocurrency-has-tripled-its-market-cap-in-2-months-tbt70058.html</a></p>

This cryptocurrency has tripled its market cap in 2 months

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