Zcash Price Analysis: Zcash (ZEC) Moderate Improvement In Price; Plans To Implement Privacy

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Zcash is presently moving with a slow speed, and hence the hike in the price is moderate. In the coming time, the coin is planning to implement an automated privacy factor to increase its popularity. The company believes that in some years, the coin would have $10 million market cap.

Yesterday, the coin touched at high at 114.22 USD and low at 106.74 USD. The volume noted as per yesterday’s movement was around 411,756,185 USD. Today, the coin is following the same momentum.

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Let’s have a look at the price chart.

ZEC Current Statistics:

The Zcash chart is taken from Trading View on 30the June 2019, at 10:26:40 UTC for price analysis.

ZCash Price Chart

Zcash to USD Summary:

  • The price of the Zcash (ZEC to USD) is 110.42 USD.
  • The coin is at the 23rd rank in the crypto market.
  • The 24hr volume of ZEC stands at 413,545,394 USD.
  • The market capitalization of ZEC was at 753,804,012 USD.
  • Return on Investment of Zcash is 97.44%.
  • The circulating supply of Zcash is 6,866,319 ZEC.

If we look at the chart, in the last five days there is not much improvement in price. The coin was at $109 on 25th June. The day was not favorable for the coin as the price kept dropping all day long. 26th June was the most volatile of all days. The coin registered a growth of 5% on the same day, as the price shifted from $107 to $113. June 27 was quite disappointing as the price touched the lowest of all five days at $97. June 28, registered growth by 5% again as this time the price shifted from $106 to $112. Since yesterday, the coin is moving up. Today, the current price is at $110.

Zcash Price Prediction and Conclusion:

Zcash is at the 23rd rank in the crypto market. The market experienced a bump since the last two days, but Zcash wasn’t affected much. The same show that the coin has the potential to hold itself at a higher level.

The expectations with Zcash are higher. We are anticipating that the coin will move ahead by hitting huge counters in the future. However, the people interested in the coin are recommended to diverge the investment to deteriorate the risk.

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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