Price Analysis

Zcash Price Analysis: After Getting Delisted From BitOasis, Zcash (ZEC) Will Not Spike Up

Finmax

ZEC has recently got delisted from BitOasis, and according to its fan followers or users on Twitter, this news of getting delisted was not informed earlier and that it was a sudden thing. On top of that, ZEC has not been in good news regarding forming new partnerships which other altcoins are stressing on to attain a global presence. Even, the price ranges from ZEC chart is also indicating that it can be on a bearish zone in the upcoming days.

ZEC Price Analysis

Zcash price chart - may 29

Finmax BTC
Current status of ZEC
Market price in USD 81.87 USD (UTC 09:50)
Market price in BTC 0.00951556 BTC
Circulating supply 6,636,544 ZEC
Market cap $543,461,656 USD
Market rank 23

Price analysis and future price predictions

Considering the 1-Day chart of ZEC, we can see that yesterday night, ZEC had a deterring price which went as low as 76.18 USD, but it got upraised to 88.38 USD yesterday morning. Since then, its momentum has faced ups and downs and ultimately today, it gravitated completely towards a bearish zone with a trading value of 81.55 USD. Just within one day, its value got deterred by 6.58%. So, it is well understood that ZEC is going to be highly impacted by the market volatility and turbulent nature of BTC. Moreover, its performances are also weaker these days, which are also contributing to its present fate. Considering the price lines in the chart, it is assumed that in the upcoming days, ZEC can be trading in a bearish zone with an approx. Value of 75.32 USD.

Conclusion

ZEC is currently performing low. Moreover, it got delisted from a renowned crypto exchange, which is negatively impacting ZEC. On top of that, its 1-Day chart is also showing that in the upcoming days, its value is expected to be on a bearish trend line. Therefore, it is definitely not worth investing in ZEC currently.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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