Ox found a bottom and is going up rapidly
Coin of the day is Ox.
As it says in the whitepaper: “Ox is an open protocol for decentralized exchange on the Ethereum blockchain.”
The 0x team are working on a protocol using Ethereum smart contracts, that will help anyone in the world to operate a decentralized exchange.
Briefly, Ox is a technology developed to provide an improved exchange of Etherum tokens.
The team believes that there will be thousands of Ethereum tokens in the future and there will be a need to trustlessly and efficiently exchange them. This token could play an important role in the future of the crypto technologies and Ethereum infrastructure.
In March 2017, the protocol closed a huge round of financing, which was headed by Polychain Capital.
After peaking at the beginning of 2018, ZRXBTC was lowering due to the recession across the cryptocurrency markets and especially because of decline in the ETH price.
Recently the coin started to draw a reversal pattern on the 0.00005 level. The growth potential is big, as only three months ago the price was at the 0.0002 high.
If the price will be able to hold above the 0.000065 level and the Bullish Trend Line that would be a bullish sign. The next target, in this case, will be the 0.000086 level, which is close to the 100-days EMA.
As it says in the whitepaper: “Ox is an open protocol for decentralized exchange on the Ethereum blockchain.”
The 0x team are working on a protocol using Ethereum smart contracts, that will help anyone in the world to operate a decentralized exchange.
Briefly, Ox is a technology developed to provide an improved exchange of Etherum tokens.
The team believes that there will be thousands of Ethereum tokens in the future and there will be a need to trustlessly and efficiently exchange them. This token could play an important role in the future of the crypto technologies and Ethereum infrastructure.
In March 2017, the protocol closed a huge round of financing, which was headed by Polychain Capital.
After peaking at the beginning of 2018, ZRXBTC was lowering due to the recession across the cryptocurrency markets and especially because of decline in the ETH price.
Recently the coin started to draw a reversal pattern on the 0.00005 level. The growth potential is big, as only three months ago the price was at the 0.0002 high.
If the price will be able to hold above the 0.000065 level and the Bullish Trend Line that would be a bullish sign. The next target, in this case, will be the 0.000086 level, which is close to the 100-days EMA.
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