Price Predictions

0x (ZRX) Price Prediction Weekly (June 2022): Will ZRX Price Slide to INR 10 This Week?

Ox price prediction

Key Takeaways: 

  • The Ox price closed the previous day’s trade at INR 19.68 with a market capitalization of INR 16.99 billion and a circulating supply of 847,496,054.8 ZRX
  • The recent market slash has squeezed the huge amount of value and hence the asset may require to halt the bearish trend, which could be possible only when market conditions settle out

Ox Price Analysis: Will ZRX Price Hit INR 30 This Week of June?

June’s trade also began with a huge price slash much similar to that of the beginning of May’s trade. The rally currently appears to have lost most of its strength and hence a rebound does not appear to be on cards in the near future. The price maintained a notable consolidation for nearly a month and was expected to break out from these levels soon. But the recent market crash has turned the tables for the asset. 

Currently, the ZRX price has lost nearly 43% of its value since the beginning of June’s trade. Therefore, it would be extremely difficult for the asset to recover the losses while the bears still hold control over the rally. Therefore, if the price halts the descending trend, then a rebound may be expected, else the asset could test new lows throughout this week of June.

Additional Read: 5 Things To Keep In Mind Before Investing in Crypto

Ox Price Prediction: ZRX Price Trend Comparison with KNC (Last 30 Days)

Source: Tradingview

  • Ox and Kyber Network, both are among the popular DeFi’s infrastructure protocol, aiming to offer users to trade ERC 20 tokens without depending on the centralized exchanges
  • Both the assets maintain a similar trend after the May’s crash and attempted very hard to halt the descending trend
  • ZRX/USDT price dropped hard from average levels to as low as -60%, further to which it dropped to -69% after consolidating for nearly a month
  • On the other hand, KNC/USDT price dropped from nearly +15% to the lowest levels at -75% and despite a flip to -50%, the recent crash dragged the price to the same levels
  • The market sentiments are extremely bearish and hence both the assets may visit lower levels in the coming days

Correlation of ZRX/USDT and ZRX/BTC (Last 30 Days)

Source: Tradingview

  • Ox prices had maintained a similar trend with both the trading pairs until the beginning of May, further to which both the pair slumped hard 
  • The market crash that began with the LUNA-UST crisis ignited a strong bearish trend, but the recent Celsius Network crisis has fueled the downtrend and hence both the pairs have marked their lowest bottoms
  • The ZRX/USDT dropped hard from 14% to as low as -74% earlier and after a brief consolidation again tanked back to the same levels at the moment
  • On the other hand, ZRX/BTC also dropped from the average levels and dropped down to -60% and further the recent crash dragged the price to as low as -69.68%
  • Currently, both the assets are looking for a base to flip from the bearish trend, but eventually could be highly impacted with the current bearish trend 

Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Flamingo Finance(FLM) INR 11.09 +34%
Fantom(FTM) INR 19.82 -31.83%
Gala (GALA) INR 5.22 -23.07%
Theta Token(THETA) INR 94.42 -7.80%

Top Losers

Crypto Price* 7-Day Percentage Change
Alpaca Finance(ALPACA) INR 16.97 -35%
Monero(XMR) INR 10,261.25 -35%
Tron (TRX) INR 5.06 -25.6%
Klaytn(KLAY) INR 19.42 -41.5%

*Prices are of June 14 2022, at 11 am

What’s New on CoinDCX? New Coin Listings on CoinDCX App

Crypto Price*
Band Protocol (BAND) INR 109.32
SKALE Network (SKL) INR 4.21
Moonbeam (GLMR) INR 72.84
Livepeer (LPT) INR 683.81

*Prices are of June 14 2022, at 11 am

Download CoinDCX App, India’s safest and simplest crypto investment app. 


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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