[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 136 KB, 886x364, 0xzrxmoon.png [View same] [iqdb] [saucenao] [google]
21637901 No.21637901 [Reply] [Original]

Ok so what the hell is this ZRX? Is it legit? Looks like it broke its current resistance and is trending upwards in value.

Their gay marketing:
https://www.youtube.com/watch?v=c04eIt3FQ5I

>> No.21638073
File: 55 KB, 934x643, zrx.png [View same] [iqdb] [saucenao] [google]
21638073

cont.

To get an idea of what 0x could be worth, we have to look at how much potential market share could migrate to the 0x protocol. The most obvious place to look at first is trading.

US Crypto exchanges are averaging $265 billion in annual volume. That’s just the US. coin market. There is no known access to historical trading volume, but recent worldwide daily volume was $82.6 billion, which annualizes to $30.17 trillion.
So there’s $30.17 trillion of annual cryptocurrency trading volume, of which DEXs account for less than 1%. If we assume annual trading fees of 1%, then centralized crypto exchanges are generating over $300 billion a year in fees. If just 1% of that volume moves to the 0x protocol, we could see $3 billion in fee generation. These fees would all be paid in 0x tokens. Even if we cut that assumption by two-thirds and assume less than 1% of the crypto trading migrates to 0x, that will still create $1 billion per year in fees paid in ox tokens.

The circulating supply of tokens is currently 626 million. The current market cap is $99.7 million. Once actual fee-driven demand kicks in, the price of the token will have to rise. Assuming we see usage hit the $1 billion level in fee generation, we estimate the market will move the value of 0x to a fully diluted value of as much as $8 billion.

Coinbase generated about $1 billion in revenue in its last published report and according to published reports, the company has a value of approximately $8 billion. Assuming the token market uses the Coinbase valuation as a rough guide, then just 2% market share could give 0x a token price of $8. If we are really right and almost 2% 0f the world’s eiypto trading migrates to the 0x protocol, the Coinbase model suggests we could see prices as high as $40 per token for 0x.

Under the type of crazy moves we see during the halving, we could see 0x move like Ethereum did and 4x our most aggressive estimate. Under that scenario, the coin would be worth $160.