Zcash Price Prediction: Market Correction Along with the Delisting from BitOmega is Dragging the Altcoin Down
The whole cryptocurrency market is going through a breakdown phase, and so do Zcash (ZEC). But there is no need to be dis-hearted as the developers of Zcash are focused on resolving the long term crisis and with another bounce back, except for a good return.
Zcash Price Current Statistics:
- Zcash vs. USD was trading at around 82.45 USD.
- The return on investment of Zcash, at the same time, was 98.08% in negative.
- Additionally, the Market Cap of the crypto was 546,657,382 USD.
- The total altcoin coins in circulation were 6,679,469 ZEC.
- It is ranked currently at 23rd place in the crypto chart, Zcash Vs. Bitcoin was valued around 0.01035114 BTC per coin.
ZEC Coin Comparison:
If you look at the 7-days trading variations, the coin is down by $2.35. However, in 25-days comparison, the Zcash price has shown a lot of growth. On May 10, Zcash (ZEC) was trading around 58.76 USD. If we compare it with today’s price, the altcoin gained $23.69 and is trading with a hike of 42.02%.
Zcash Price Prediction:
Zcash on aimed at providing a privacy-centric digital currency. Although, the market trends are bearish, as per our ZEC Predictions, we can say that there is a high probability of breakthrough toward the upper side once the market correction occurs. The resistance level, which was $90 earlier, has now come down to $85, but the support level is still at 80 USD. You can go through Zcash price prediction to find more information on the expected coin price for upcoming years.
Conclusion:
The breakdown of the crypto space and earlier delisted from the BitOmega are together bringing Zcash down. It also filled investors with a sense of panic. In the current scenario, stay away from short-term investment. However, long and medium terms are still bullish.
