Price Analysis

Zcash Price Analysis: A Command Line Version of Paper Wallet Out for Usage

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Interestingly, Zcash Foundation has announced for the live streaming of the Zcash Conference “Zcon1” over various digital platforms. According to the foundation, the streaming will help in adding new users and will help in enriching their understanding of the altcoin. Additionally, a major development took place regarding their new paper wallet. Now, any user can download and use the paper wallet through CLI.

ZEC/USD 60 Days Chart By TradingView

zcash price chart - 14 june 2019
ZEC/USD 60 Days Chart

Zcash Price Current Statistics:

  • At UTC 19:25:51 June 14 2019, ZEC to USD was trading around $88.43.
  • Again, the market capitalization of the altcoin was 596,308,908 USD.
  • There were a total of 6,754,144 ZEC chips were in circulation, at the same time.
  • Zcash ROI is of -97.94%.
  • The 24-hrs trading volume in Zcash (ZEC) was 443,105,777 USD.

ZEC Coin Comparison:

On May 19, Zcash price was trading at 76.36 USD. From there, the coin has shown unprecedented growth, and today after 25-days, the coin is trading with 20.20%. Again, in last 6-day trading, Zcash (ZEC) has shown an immense growth of 13.31%, when compared to the trading price of 84.47 USD on June 07. Nevertheless, the coin fell yesterday, by a small margin of 3.61 USD (3.95%). Zcash (ZEC) started trading, the other day, at 91.49 USD while closed at 87.88 USD.

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Zcash Price Prediction:

Although the coin saw a slight dip yesterday, the whole crypto space went bearish in the 2nd half of the day. Not to forget that, Zcash price dropped below the $90 mark in the previous day trading. As Zcash will not hit 150 USD but by end of the year 2019 we may see around 20.15% price raise between $108 to $112 compared to current price.

Conclusion:

Although the Zcash foundation is taking some time in the release of the new paper wallet, the command line based version of the wallet is out. It shows the serious effort of the team and their dedication toward following the roadmap. As far as trends are concerned, the long term trends are bullish, try to stay put in short term holdings.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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