Price Analysis

Zcash Price Analysis: Will Bitcoin Users Switch Over To Zcash?

  • Looking to replace Bitcoin as the medium of exchange
  • Coin with one of the best-advanced privacy features
  • One of the fastest growing cryptocurrencies, its current ranking being an indicator
  • Essential tie-ups increase Zcash value significantly

Zcash (ZEC) is one of the fastest growing digital currency based on the blockchain technology, which is well known for its privacy features. It has been solving the problem of anonymity faced by Bitcoin users and gaining the trust of users and investors worldwide. There are chances of Bitcoin users switching over to Zcash. Zcash may choose to change for multiple mining algorithms by 2020, which will be a significant milestone for the coin. It is set to become the first globally available offshore investment opportunity. Right developments have been taking place in the coin. Further look at the statistics will give a better picture of its prospects.

Zcash Price Chart:

Zcash Price Prediction- June 15

As on June 15, 2019, at 1:46:10 UTC the current statistics are,

  • The market price of ZEC is $92.03.
  • Market cap is around $620,968,006
  • Though ROI is a negative 97.86%, the Circulating supply is at 6,756,006 ZEC
  • 24 h volume is at $465,064,540

Price Comparison:

The 24-hour High/Low was $95.88/ $86.97. The current price is $92.03. When compared with the current price movement the same is 4.02% less than the yesterday’s high and 5.82% more than the yesterday’s low. The price fluctuation during the last 24 hours was in the range of $87 -$ 95.88, indicating that ZEC price is gaining grounds and showing an upward stable price trend compared to the past few months. This is a good sign for the ZEC community, as they have put a lot of hope on the coin due to the various positive developments taking place in the coin.

Zcash Price Prediction:                                                 

The price of Zcash had stable but slow growth over the past few months, but now the price is slowly showing an upward movement. Zcash is moving towards changing the whole financial markets scenario through further improvements in its privacy features, which is already winning many investors.

It has entered into essential tie-ups, recent ones being with JPMorgan to introduce a zero-knowledge security layer into their system. Also, its tie-up with Ethereum is much talked about. These crucial tie-ups have led to an appreciation in its value. Investors and traders are showing much interest in the coin. The overall bullish sentiment is going to affect Zcash also, and the price is expected to be in the range of $ 108 -$112 by the year-end.

Investors better wait and hold the coin for the long term. New investors grab the opportunity and buy the coin before the price shoots up.

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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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