Price Analysis

Zcash Price Analysis: ZEC Touches a New Monthly High At $94.84

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ZCash (ZEC) recent trend is reflecting a bullish stream in the cryptocurrency market. As per yesterday’s update, the currency has been out listed from BitOasis. The news was a shock for investors and marketers as there was no prior information of the same.

After the news broke, the price suffered a regression. However, the loss was recovered and the currency resumed its bullish stream.

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The reason behind the same is believed to be ZCash (ZEC) upcoming ventures.

Let’s have a look at the charts of ZCash (ZEC).

Zcash Current Statistics:

Zcash price chart

As per the Trade View chart, at 10:30:53 UTC, the price analysis is given below:

  • ZCash (ZEC) is at 88.18 USD.
  • The coin is at the 23rd rank in the cryptocurrency chart.
  • The ROI of ZCash (ZEC) stands as negative 97.95%.
  • The current circulation of ZEC is 6,643,931 ZEC.
  • The 24hr volume of the coin is 578,551,607 USD.
  • As on 30th May 2019, at 11:03:06 UTC, the market cap is $630,118,313 USD.

Talking about the movement of Zcash (ZEC) in the last three months, we can see that the coin turned green in April 2019. The currency encountered progression and regression in the same month. In the month of May, the coin was facing the bearish market in the initial days, but after the second week, the price skyrocketed. Today, the market touched it’s 30 days high.

Zcash price chart

Zcash Price Prediction and Comparison:

Zcash coin has been facing volatility from quite a long time time. The improvement in the movement of the coin has given some hope to the investors. The price on 5th May was $60.93 and today, on 30th May 2019, at 11:21:07, is $94.84. The progression in the graph is by 55%. However, the growth in the coin has astounded many, but we are expecting that the coin will face the selling pressure tomorrow.

The upcoming ventures of Zcash could bring back hope in the investors, but for now, we do not expect much good news. By the end of 2019, the coin could be trading in the bearish zone.

Conclusion:

ZCash (ZEC) touched it’s 30 days high and trended high in the cryptocurrency market. Still, for the people who are looking to invest in ZCash (ZEC), we would recommend to diverge their investment to compensate for the risk.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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