ZRX is very close to a weekly breakout of a 4-yr base as they just raised a Series B from notable VCs and partnered with Coinbase for their NFT marketplace. When Gamestop announced that LRC would be their partner for NFTs, the coin shot up 6-7x. Given the small cap of ZRX at $765mm and technical setup here, think this has the potential to do the same
Comment:
Starting to firm up nicely in a weekly flag against resistance. With the Fed taking 75bps rate increase off the table and less uncertainty given the May FOMC meeting is behind us, the market may be able to liftoff and put risk back on. If so, would expect ZRX to make a big run over the next couple months
Comment:
If market crashes, then obviously this idea doesn't happen. Yesterday appears to have been a giant bull trap