Zcash Price Analysis: Zcash (ZEC) Records 5% Downtrend Within A Day Falling Below $50

  • Zcash may go as low as $48 before climbing back up
  • Zcash may record better growth in the next few months

It has been a roller coaster ride for Zcash token holders for the past few days. After reaching up to $124 in the last 90 days, the coin has had a steep fall and now trading below $50. The traders, however, anticipate growth from this token in the next couple of months. The current market performance may change towards a positive side very soon.

Zcash Price Statistics:

In the last day, Zcash has shown a downtrend of over 5% dipping from $51.90 to its current value at $48.83 as on August 22, 2019, at 02:39:10 UTC. The coin started today on a slightly better note trading at $49.97 but very soon tumbled down to trade below this value. It may further go as low as $48 before surging upwards again.

ZEC Price Prediction
ZEC Price Chart by TradingView
  • The price of ZEC is noted to be $48.83 and 0.00494350 BTC
  • The market cap is now $351,565,000
  • The 24 h volume is $167,647,243
  • The ROI of the coin has reached -98.86%
  • The circulating supply of the coin is noted to be 7,243,519 ZEC

The token is currently trading below yesterday’s closing value at $49.87, but it may close on a higher note by trading around $49.90.

Zcash Price Prediction and Conclusion:

The all-time high value of Zcash is noted at $5941, and it is a very big target for the coin which does not seem to be crossed this year. But, the coin may start trading at around its 90-day high value by the end of the year.

From the above discussion and ZCash Predictions, it is a good time to plan long-term investments in the token and save for future benefits.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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