Price Analysis

Zcash Price Analysis: The Recent Delisting From BitOasis Made A Little Impact on Zcash (ZEC)

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Based on the Zerocoin protocol, Zcash (ZEC) enables transactions to be transparent or shielded through a zero-knowledge proof. If you look at the chart, there was a slight dip after the delisting from the popular crypto exchange, but soon recovered its market grip.

ZEC Price Statistics:

Zcash price chart - may 31

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Today, on May 31, at UTC 10:41, Zcash (ZEC) was trading around 84.55 USD with an ROI of 98.36% in negative. At the same time, the market capitalization of the crypto was 561,797,371 USD. Besides that, the total chips in circulation were 6,349,869 ZEC. Against Bitcoin, it was valued around 0.01012205 BTC per chip.

Zcash Value Comparison:

If one looks at the monthly change in its value, on May 06, it was trading at $ 63.55, 25-days later, today, it is trading with a hike of 33.04%. Earlier, a piece of positive news came in support the crypto, where Zcash (ZEC) was listed in the New York-based Gemini exchange.

Zcash Price Prediction

With the increased focus on privacy over the period of time, the investment in Zcash is only going to increase. As per our analysis, if the bull run persists, the $100 mark seems to be an inevitable one shortly. The delisting from BitOasis created a sense of panic among investors, though, that negative sentiment washed off too soon.

Conclusion:

The recent news unfolding around the Zcash (ZEC) shows the true and volatile nature of the crypto space. Just a few days back, investors were worried about the future of Zcash, but the bull run that followed surpassed all the negative sentiments. As a piece of advice, investors should wait for a little while more and look out for further correction level till investing in it, though, long term trend is bullish.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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