ZRX-BTC. Trading recommendation for 0x (ZRX)
Today it is probably the best DEX protocol for ether tokens (ERC-20). Moreover, on its basis, you can not only organize a exchange, but also launch an access point to your liquidity and earn as a market maker (for example, combine lists of orders of various exchanges into one, not only DEX — such as Binance is possibly too). I don’t want to go deep, just believe that this is a sensible product, the coins of which are traded on all top exchanges. In the summer, a new version of the Launch Kit was released for quick launch of exchanges and other trading floors based on the 0x protocol. Now it takes several minutes to start and just one line of code.
PS: Ask yourself the question “Why did Binance releasea week ago its stable coin on the ETH blockchain, and not on its own ?” I think thanks to the developed ecosystem and the prevalence of ERC-20.
❗️ This week, the brothers Winklevoss Gemini exchange launched a service for storing high-level cryptocurrencies and they have ZRX on the list. It also trades on Coinbase PRO and will soon be trading on Binance.US. She is also on the Bakkt tracking list with a probable subsequent listing. Her prospects are directly dependent on the success of Ethereum, which will make updates, the transition to POS and ETH 2.0. And most importantly, in the third quarter of 2019 (no later than September 30), the launch of V3.0 platform 0x was announced.
📈 I see a good entry point 1560–1580 satoshi. Almost drawn out of the wedge. At a price of 1600 satoshi, up to 1450 movement within the wedge is possible. But a good divergence has already been formed on the RSI indicator, and the overall picture on the market indicates a continued upward movement. You can partially enter the deal now and place several orders down to 14600. The short-term goal is 2140 and then 3000. The main part is best sold at 2140 in order to catch a possible rollback and reload.
What awaits us in the field of DEX on Ethereum ?
The Starkware team and 0x released a demo version of decentralized exchange using STARK technology on the Ethereum Ropsten test network, in which were modeled Binance transactions as they happened in real time.
The goal was to show the competitiveness of DEX performance with centralized exchanges. Apparently they succeeded, as it was shown to produce 500 transactions per second, which is about 200 times more than the peak Ethereum capacity today, using less than 1000 gas per transaction. StarkDEX shows such capabilities by processing the bulk of off-chain calculations, sending to the block chain only proof of zero knowledge of the integrity of the calculations and the correct matching of transactions. The subsequent transition to POS and ETH 2.0 should increase productivity still.