Price Analysis

Zcash (ZEC) Price Analysis: BitOasis exchange Delists Zcash; Target Price $120

Finmax
  • BitOasis exchange delists Zcash (ZEC).
  • Bullish medium-term will push the coin to 120 USD.

There is no doubt that the whole crypto world is now in a developing stage. Finding continuity is a tough task as far as crypto coins are concerned. As many coins are making efforts to make their presence remarkable globally by making associations and partnerships, there is negative news for Zcash (ZEC). Recently BitOasis exchange of the United Arab Emirates delisted Zcash (ZEC) from its exchange. Various Twitter users complained the same that there was no prior information of this delisting. However, this delisting seems to have not impacted the market of Zcash (ZEC). As per our prediction, the value of each Zcash coin should be 120 USD by the end of 2019. Let’s look at the current status of the coin.

Current ZEC Price Statistics-

Zcash (ZEC) Price Chart

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  • Zcash (ZEC) is the 23rd largest coin in the market.
  • The ROI (Return on Investment) stands at negative 98.21%.
  • A total of 6,619,931 ZEC coins are in current circulation.
  • The current market cap as on 27th May at 02:30 UTC stands at 508,676,085 USD.
  • The value of each coin stands at 76.50 USD and 0.00875166 BTC.
  • The 24h volume at the same UTC stands at 372,597,180 USD.

ZEC Price Comparison-

Zcash (ZEC) started the year with a moderate price level after the crypto winter. However, it could not sustain the pace and started falling. The lowest point of the coin was on 06th February when the coin was at 47.05 USD. Major growth can be noticed at the onset of April when the coin gained 36.07 % in just 12 days. And another huge up was noticed on 09th May when the coin gained 34.83% by 15th May. The market cap on 27th April was 393,494,312 USD, and the value of each coin was 62.86 USD. The current market cap and the value of each coin are respectively 29.27% and 21.69% more than the figures for last month.

ZEC Price Prediction-

The medium-term and long-term outlook is bullish for ZEC. The next resistance point will be there around 90 USD and another at 100 USD. By the end of this year, the coin will be traded around 120 USD.

Conclusion-

Buying fresh coins before the resistance point is a good strategy. Long-term holding will give huge profit over the current investment.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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