2018-10-8 17:59

0x District’s token, ZRX, is starting the week among the top performers in the top 100. It has had an over 10% gain over the past 24 hours. ZRX has been outperforming recently forming higher highs and higher lows with some significant increases in price. The token has also been holding its value better than counterparts during the bear market which has been taking place for most of this years. This is typically an indication that investors value the project due to its fundamentals and offerings.

The RSI has also been forming higher highs and higher lows along with the MACD diverging to the upside. Both of these indicating increasing buyer pressure and momentum. The increases in price have come from Coinbase hinting at a listing of ZRX. The listing hasn’t been officially confirmed but ZRX has appeared on Coinbase’s tax calculator.

ZRX Daily Chart – Source: Tradingview.com

The hourly chart shows the spike in price move ZRX from around $0.66 to an intraday high of $0.79, an almost 20% appreciation. ZRX is typically not the most liquid assets but the Coinbase rumors brought significant liquidity into the market. However, this did not prevent the price having volatile movements. Since the rumors, the price moved to a high $0.79, back to $0.66, back to $0.79, and currently retraced to $0.73.

ZRX Hourly Chart – Source: Tradingview.com Key Takeaways: ZRX among top performers amid rumors of listing on Coinbase. Coinbase listing has not been officially confirmed, but ZRX has appeared on the Coinbase tax tool. The rumors have brought significant liquidity into the market, but the price has been undergoing volatile movements. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

0x [ZRX] Among Top Performers Amid Coinbase Rumors was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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