- 0x (ZRX) price skyrockets to over $1.
- Coinbase network collaborated with ZRX to power up its NFT marketplace.
- ZRX price might skyrocket to over 100x.
Professional grade liquidity aggregator 0x’s (ZRX) price skyrocketed to over $1 with a 24-hour surge rate of almost +50%. This aggressive movement was noticed when the Coinbase network collaborated with ZRX. The partnership enables Coinbase to utilize the blockchain of ZRX to power up its NFT marketplace.
With the combined technology of Coinbase and ZRX, the marketplace can provide up to 54% gas efficiency with low trading fees. Furthermore, Coinbase marketplace also aims to let its users engage with each other for a healthier community.
This made Sanchan Saxena, VP of Product at Coinbase react:
The rise of NFT communities have shown us that online conversation extends far beyond the moments around transactions. We’re building a place that’s for more than just buying and selling. We want Coinbase NFT to be a place that helps creators and collectors build and engage their communities.
On the other hand, Coinbase maintains its position as one of the top 3 exchanges in the market. This is because of the investors that continue to support the exchange over time. With all these supporters that Coinbase possesses, it can be expected that the marketplace can also earn more fans and investors.
Moreover, the achievement of the Coinbase marketplace is also the success of the 0x network. As a result, ZRX might be facing mass adoption anytime soon. Hence, 0x price skyrocketing to over 100x may happen anytime within this year. But of course, this bullish forecast for ZRX will still depend on the performance and behavior of its investors and supporters in the network.
Will Warren, Co-Founder and Co-CEO of 0x Labs explained:
We’re thrilled that Coinbase is using 0x to power their new social marketplace for NFTs and anticipate this launch will unlock a massive wave of new users into the blockchain space. We look forward to seeing many more apps and marketplaces take advantage of 0x Protocol’s robust NFT swap feature set and industry-leading gas efficiency in the coming future.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.