Technical Analysis

ZRX/USD has completed a 5 Elliot wave structure followed by a A-B-C correction structure. This entire play completes Wave 1 and Wave 2 respectively in the broader structure of ZRX/USD.

ZRX/USD has now started Wave 3 of the broader structure and poses a good risk reward in the long term.

Fundamental Analysis

Earlier this year before its Coinbase NFT marketplace partnership, 0x Labs rolled out a set of NFT swap features, which enable users to exchange digital collectibles across multiple blockchains such as Ethereum , Polygon, Fantom, Avalanche, Optimism, BNB Chain, and Celo. The team claims their offering is roughly 50% cheaper than trading on leading NFT marketplaces like OpenSea and LooksRare.