• The ZRX 0x price rockets to above $1.
• ZRX and Coinbase collaborated to build their NFT market.
• ZRX prices could soar to more than 100x.

Professional grade liquidity aggregator 0x’s (ZRX) price skyrocketed to over $1 with a 24-hour surge rate of almost +50%. ZRX and Coinbase collaborated to create this aggressive trend. This partnership allows Coinbase to use ZRX’s blockchain to boost its NFT market.

The combined technology of ZRX and Coinbase can deliver up to 54% efficiency in gas consumption while charging low trading fees. Coinbase marketplace aims to foster a healthy community by allowing users to connect with one another.

Sanchan Saxena VP of Products at Coinbase was made to respond:

NFT communities are proving that the internet is not just for transactions. We’re building a place that’s for more than just buying and selling. Coinbase NFT should be an environment that supports creators as well as collectors to build and engage communities.

Coinbase, on the other hand is still ranked among the top three exchanges in the marketplace. The exchange’s investors continue to be supportive over the years. Coinbase has many supporters and it is possible that Coinbase will continue to attract more investors.

Furthermore, success for the Coinbase market is also an achievement for the 0x Network. ZRX could be soon adopted in mass quantities. There is a possibility that the ZRX price will skyrocket to 100x or more within the year. However, ZRX’s bullish outlook will depend on its supporters and investors.

Will Warren, co-founder and Co-CEO at 0x Labs, explained it:

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. This article is not intended to be used as investment advice. CoinQuora advises its users to research cryptocurrency before making any investment.

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