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Price Analysis

Zcash Price Analysis: The Market is Gaining Momentum, Overall Trends are Bullish

Zcash foundation is working toward mainstreaming the ZEC chips. Now, Zcash chips can be used as an alternate currency for buying Pasta from La Pasta at the West Seattle Farmers’ Market.  

Zcash Price Current Statistics (On June 12, at UTC 07:15):

Zcash Price Chart - 12 June

  • The current trading price of Zcash (ZEC) is 83.41 USD.
  • The MCap of the altcoin was 560,676,590 USD.
  • Again, there were a total of 6,736,069 ZEC chips were in circulation, at the above mentioned time.
  • Zcash is valued at 0.01038396 BTC per chip.
  • With an ROI of -98.06%, the 24-hrs trading volume in the crypto was 325,417,229 USD.

Zcash Price Comparison:

25-days back, on May 17, Zcash (ZEC) was trading at 71.91 USD. However, today, it has shown a hike of almost 16%. In addition to that, in weekly trading charts, Zcash (ZEC) has again shown a hike of 3.31%, when compared to the trading price of 80.53 USD on June 05. But, yesterday was a flat trading day for Zcash (ZEC), where the coin opened at 80.29 USD and with a decline of 0.475837 USD (-0.59%), it wrapped the day up at 79.82 USD.

Zcash Price Prediction:

The crypto space seems to be moving toward the positive side since this Monday. The same action is followed in Zcash (ZEC). Although yesterday was slightly bearish, that trend washed off soon and today, at the time of writing the coin is trading up by 5 odd percent. According to our analysis, Zcash (ZEC) will give a good return in the long term and might trade around $100 mark by the end of the year.

Conclusion:

Following the market trends, Zcash has also strengthened its market grip. The Zcash Foundation is also working round the clock to extend the offline presence of the altcoin. Future of the coin seems to be a dazzling one.

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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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