Zcash (ZEC) Price Analysis: The Upcoming Hardfork Of Zcash Has Already Swirled Crypto Community With So Many Expectations

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The upcoming hard fork of ZEC is Overwinter. It will be an upgradation of its network. The entire upgradation period will consist of 90 days to effectively ensure the users that the crypto exchanges which holds ZEC, support the new protocol. This upcoming update has already dignified the reputation of ZEC, and investors are holding a lot of expectations from the same. Moreover, people have started to realize that BTC lacks privacy, so, they are shifting their choice to ZEC, which is basically famous for maintaining anonymity in the transactions. Already in 2018, after the hard fork happened, it increased ZEC’s value greatly. The same is expected with the upcoming hard fork.

Current status:

  • Current price: USD 75.23
  • Market cap: 494,938,249 USD
  • Market rank: 23
  • Circulating supply: 6,579,056 ZEC

Price analysis and future price predictions:

Zcash

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The above chart shows that currently, ZEC is getting traded at 74.90 USD or 0.00946819 BTC. Its present 24h volume is worth of 408,893,997 USD (UTC time 09:04). The same chart makes it evident that approx. One month earlier, ZEC had a trading value of 59.76 USD with a market cap of 382,492,262 USD. So, within this duration, the value of ZEC has spiked up by 25.33% with 68.67 USD as a good support resistance.

On the basis of the above price predictions and current facets, we think that ZEC can trade around $80.68 by the end of 2019.

Conclusion:

Although the crypto market sphere is really turbulent, the upcoming hard fork is holding a lot of expectations from ZEC. Besides that, its number of users are on growing due to its focus on anonymity. Overall, it is a great option for long term investment.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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