AltcoinPrice Analysis

Zcash (ZEC): Price Analysis, Jan.11

Zcash Price Analysis – ZEC/USD


The 20th largest cryptocurrency – Zcash with its current market cap stands at the level of $328,451,628 (06:01 UTC) on January 11 experienced a dip in current value by 57.15% relative to the level of November 12 as analyzed from the graph above. It’s only the strong bearish pressure that has been responsible for having caused a drop in value.

The ZEC/USD pair increased in value by 17.14% relative to December 14 which can be analyzed from the graph above as the new year seems to have offered the momentum to all those community users that long awaited to invest in this currency. Besides ‘downtrend’ in value, the ZEC/USD pair remained ‘uptrend’ from December 21 to December 24 as interpreted from the graph above which signifies the bullish trend.

Since both the moving averages have declined to represent ‘downward’ pressure in value thereby creating the ‘downtrend’ which is a negative sign. With this, Zcash shows that the bears have the upper hands as the ZEC/USD pair remains in bearish trends for some time until the next “uptrend” takes place. Those who would like to invest into this cryptocurrency may explore to create long position the moment ‘uptrend’ takes place and remained for some time.

Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The ZEC remained range bound from October 12 to November 08 last year, as the cryptocurrency rallied from a low of $109 to a high of $138.9 which is a 27.4 percent minimal return within 27 days.

On the company-specific front, Zcash is a cryptocurrency aiming at using cryptography to offer enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. Zcash is a privacy-protecting, digital currency built on strong science with shielded Zcash transactions are entirely private. Besides this, likewise Bitcoin, Zcash transaction data is posted to a public blockchain; however, it ensures your personal and transaction data remain entirely confidential. Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount. With the particular disclosure features in place, Zcash enables a user to share some transaction details, for purposes of compliance or audit. Zcash also allows executing transparent transactions which can accommodate for wallets and exchanges that don’t support private transactions. Zcash was developed and launched by top cryptographers in 2016. The underlying protocol is based on the research of scientists from MIT, Technion, Johns Hopkins, Tel Aviv University and UC Berkeley.

Let me walk you through the trading moment of Price (BTC), and Market Cap as follows:


As we can quickly analyze from the graph above that the MCap stands at MCap 330,445,154 (06:04 UTC) with the blue trend line, and Price (BTC) 0.01602566 through orange trend line with 24h Volume 164,478,892 USD (06:04 UTC) can be interpreted from the graph above.

Since MCap and Price (BTC) traded with the YTD analytics, the highest Market cap and Price (BTC) traded on January 06 as analyzed from the graph above. Since then it dropped in value and gained and attained the almost the same high on January 10 as interpreted from the graph above. However, today we can estimate that the Price (BTC) gained in value compared to MCap which signifies that the investors are more inclined to invest and buy this asset now.

Let us not forget that the best value offering by ZCash, will keep creating bullish pattern thereby offering the best return to all those that invested!

While we can estimate from the first graph, if bulls succeed in rising and sustaining above the current resistance level $57.40 (06:19 UTC) and create “uptrend” in value (i.e., traded above the EMA) the investors will start buying this currency more and more thereby increasing its value. It seems that this altcoin will soon begin to trading beyond the 20-day EMA thereby creating the bullish pattern and may remain for some time. However, based on the current trend, the next support level could be $60.

Please feel free to visit https://z.cash/ to know more about this cryptocurrency!

Shalin Soni

Shalin joined CryptoNewsZ as Associate Finance (Cryptocurrency Research & Analysis) in 2018 and has 10 years of collective experience to work on financial modeling and financial planning & analysis activities (fp&a) domains. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a!! You can also mail him at [email protected] to discuss anything related to his reports.
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