{"id":15050,"date":"2022-04-27T07:54:55","date_gmt":"2022-04-27T07:54:55","guid":{"rendered":"http:\/\/egrowonline.com\/?p=15050"},"modified":"2022-04-27T07:54:55","modified_gmt":"2022-04-27T07:54:55","slug":"why-jared-leto-backed-0x-zrx-is-spiking-today","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=15050","title":{"rendered":"Why Jared Leto-Backed 0x (ZRX) Is Spiking Today"},"content":{"rendered":"


\n<\/p>\n

\n

0x <\/strong>(ZRX), the token of an infrastructure protocol that allows for easy trade of assets on the Ethereum<\/strong> (CRYPTO: ETH<\/a>) blockchain, is defying the downturn in major cryptocurrencies.
ZRX has spiked 8.55% to $0.84 even as Bitcoin<\/strong> (CRYPTO: BTC<\/a>), Ethereum, and Dogecoin<\/strong> (CRYPTO: DOGE<\/a>) traded in the red over 24 hours leading up to early Wednesday morning.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Tron (TRX) Price Performance<\/caption>\n
Time-frame<\/strong><\/th>\n% Change (+\/-)<\/th>\n<\/tr>\n<\/thead>\n
24-hour<\/td>\n8.55%<\/td>\n<\/tr>\n
24-hour against Bitcoin<\/strong> (CRYPTO: BTC<\/a>)<\/td>\n14.7%<\/td>\n<\/tr>\n
24-hour against Ethereum<\/strong> (CRYPTO: ETH<\/a>)<\/td>\n14.8%<\/td>\n<\/tr>\n
7-day<\/td>\n15.8%<\/td>\n<\/tr>\n
30-day<\/td>\n13.9%<\/td>\n<\/tr>\n
\n

YTD-performance<\/p>\n<\/td>\n

-3.45%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Trading Volume Explodes<\/h3>\n

The 24-hour trading volume for ZRX spiked nearly 432% to $608.865 million at press time.<\/p>\n

0x Raises $70M In Series B Funding Round<\/h3>\n

0x Labs said in a blog post on Tuesday that it had raised $70 million in a Series B funding round led by Greylock<\/strong>. Other participants included Pantera<\/strong>, Sound Ventures<\/strong>, OpenSea<\/strong>, Coinbase Holdings Inc<\/strong> (NASDAQ: COIN<\/a>) and Jared Leto.\u00a0<\/strong><\/p>\n

The funding will be deployed to fuel the expansion of 0x Labs team and its product and service offerings including a search engine for tokens known as Matcha<\/strong>.<\/p>\n

0x On The Web<\/h3>\n

Web3 development platform Alchemy tweeted on Tuesday that 0x uses its technology to maintain reliable Remote Procedure Call (RPC) connections and to check system health and usage insights.<\/p>\n

\n

5. So how does 0x use Alchemy?<\/p>\n

To power the next DeX generation, 0x uses:<\/p>\n

– Alchemy Supernode, to maintain reliable RPC connections<\/p>\n

– Alchemy Monitor, to check system health and usage insights<\/p>\n

– Alchemy’s Enhanced APIs, to access higher-level abstractions for blockchain APIs<\/p>\n

\u2014 Alchemy | We’re Hiring! (@AlchemyPlatform) April 26, 2022<\/a><\/p>\n<\/blockquote>\n

The presence of Leto did not go unnoticed on Twitter.<\/p>\n

\n

Maybe not\u2026 he\u2019s on the Alchemy team\u2026 or advisor team. pic.twitter.com\/FADYdAmTVE<\/a><\/p>\n

\u2014 CryptoMonk (\u221e) + (@CryptoMagi) April 26, 2022<\/a><\/p>\n<\/blockquote>\n

Read Next: <\/em>If You Invested $100 In Dogecoin When Elon Musk Made His Twitter Offer, Here’s How Much You’d Have Already<\/em><\/a><\/p>\n

Photo<\/a> courtesy: James Ackerley on Wikimedia<\/em><\/p>\n<\/p><\/div>\n

\u00a9 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/i><\/p>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

0x (ZRX), the token of an infrastructure protocol that allows for easy trade of assets on the Ethereum (CRYPTO: ETH) blockchain, is defying the downturn in major cryptocurrencies.ZRX has spiked 8.55% to $0.84 even as Bitcoin (CRYPTO: BTC), Ethereum, and Dogecoin (CRYPTO: DOGE) traded in the red over 24 hours leading up to early Wednesday […]<\/p>\n","protected":false},"author":1,"featured_media":15051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[7617,7618,7619,446,7372],"class_list":["post-15050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-jared","tag-letobacked","tag-spiking","tag-today","tag-zrx"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/1600px-jared_leto_soho.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15050"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15050\/revisions"}],"predecessor-version":[{"id":15052,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15050\/revisions\/15052"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/15051"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15050"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}