0x is holding up in the crushing bear market compared to other tokens

Wingleness

jr. member

Activity: 458

Merit: 2

Quote from: vit05 on November 02, 2018, 03:30:10 PM

It is very interesting that it has managed to hold the value while other ERC20 tokens have plummeted in value. I bought the first time soon after the ICO and at the beginning I was worried because it had fallen a lot. But after that, it never dropped below 100 million in marketcap. In addition, good news always comes.

It's a risky project, though. It is difficult to understand the utility of the token, although the idea is very revolutionary.

I believe with time, it shall surely prove itself since it could still stand firm even in this bearish season. I must commend the team behind the project though, nice work they must be doing somewhere.

Bytem3

full member

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0x Project is one of the best projects out there. It has a lot of potential, worth holding for sure!

BitcoinHodler

hero member

Activity: 1456

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HODLing is an art, not just a word...

the coins that crashed fast in the beginning have ALL being strong ever since. that is how the market works!

after a pump you need to get dumped back down to the bottom. some smaller coins got dumped fast and reached that bottom fast which is why they have been holding that price and also a lot of them have been having new pumps.

meanwhile the big coins that got pumped but their dump has been slow and never reached their bottom, are still struggling to keep up and experience dumps every now and then. that is why none of the top 10 coins had any pumps yet.

vit05

hero member

Activity: 672

Merit: 526

It is very interesting that it has managed to hold the value while other ERC20 tokens have plummeted in value. I bought the first time soon after the ICO and at the beginning I was worried because it had fallen a lot. But after that, it never dropped below 100 million in marketcap. In addition, good news always comes.

It's a risky project, though. It is difficult to understand the utility of the token, although the idea is very revolutionary.

bigcash2011

sr. member

Activity: 1442

Merit: 265

It just goes to show that solid quality project can retain its value even in strong bears market, market has shown unparalelled confidence in 0x tgat is the main reason ut has shown resistance against bears.

Wingleness

jr. member

Activity: 458

Merit: 2

Well, the bear market has been tough on tokens. It’s pretty obvious if we take a look at the charts. When a coin sees the slightest hint of green, it’s worth noting. 0x has seen a flash of green in day-on-day trading, so we want to see how this compares over the year.

At the start of the year, 0x entered proceedings as the 59th most valuable cryptocurrency by market cap on January 7th, and traded at $1.45 USD. At the time, the cryptocurrency bore a total market cap of $695,907,214 USD.

Fast forward to the current state, and although 0x has gained traction in the position, it is now trading for only $0.822246 USD and bears a total market cap of $448,492,301 USD.

Looking at the stats, the token has lost a near 43% of its trading value over the past months, while its market cap has similarly diminished by approximately 35% amount.

While a loss is never good, 0x is in much better shape than many other tokens, such as Cardano and Monero which are facing more than 80% and 90% losses.

Source: https://www.coininsider.com/0x-green-trading/

Topic: 0x is holding up in the crushing bear market compared to other tokens (Read 87 times)