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The ZRX has shown outstanding price performance over the past few weeks. But What is the reason for the 263% increase of Ox (ZRX)? In this post, we will talk about “Pooyan Music” and the price action of this coin.
It has emerged as an outstanding performance. Its market value has seen a staggering increase of 238% in two months. The price increase is not just a number. This is a testament to the self-confidence and patience of Oaks owners. Recent data shows that the price of OX has almost doubled and increased by 89% in just two days. It indicates strong market activity and increased investor interest.
The underlying factors that contribute to this explosive growth have various aspects. Whale trades for ZRX, where large-scale trades typically exceed $100,000, hit a 1.5-year high. This level of activity often reflects significant interest from high net worth individuals or institutional investors, indicating a bullish outlook on the asset’s future performance.
Another important piece of the puzzle is the movement of sleeping coins. The average age of OX investors has decreased significantly. This means that the old wallets that contained coins are now back on the market. This circulation of old coins could be a signal of increased liquidity and token distribution, potentially leading to a more dynamic and healthy market.
The data presented also shows a significant increase in the number of transactions. 23 transactions over $100,000 in one day, which is the single-day record since April 21, 2022. This impressive trading volume is often the precursor to price increases. Because it shows both increased activity and liquidity.
From a technical analysis point of view, the ZRX price chart shows an uptrend with more highs and lows. A pattern that often indicates a strong uptrend. The increase in the volume of transactions along with the price also confirms the real interest of investors instead of speculative transactions.
