During a favorable phase for most cryptocurrencies, 0x (ZRX) emerged as one of the standout performers, albeit less conspicuously. Amidst its bullish trend, both its market capitalization and value saw a significant multiplication.
In recent months, 0x’s market capitalization experienced remarkable growth, soaring by +238% in two months and, notably, almost doubling (+89%) in a mere two-day span. This surge in value coincided with a significant uptick in large-scale ZRX transactions, reaching a peak not seen in 1.5 years.
Additionally, older coins, which had been dormant, re-entered circulation. This activity was highlighted by Santiment, a blockchain and cryptocurrency behavior analysis platform, in a post on November 12.
ZRX value and market cap increase. Source: Santiment
This multiple-fold increase over the two-month period has brought the market cap of 0x to $479.97 million.
There have been 23 transactions exceeding a value of $100,000 in a single day since April 22, 2022.
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