Zcash (ZEC) Price Prediction: A Major Guarda Wallet Update is Soon to be Released

Zcash (ZEC) will soon release a significant Guarda Wallet update. This will help the coin in tightening the security further. Just a few days back, Zcash owners were asked to upgrade their chips for maintaining their legacy addresses.

Zcash Current Statistics:

  • As on June 10, at UTC 11:03, Zcash (ZEC) was trading around 77.90 USD.
  • Having an ROI of 98.15% (in the negative), the Mcap of the altcoin was 534,800,505 USD.
  • On top of that, the current ranking of Zcash (ZEC) in the crypto chart is 23rd.
  • Again, a total of 6,722,981 ZEC chips were in circulation, at the above mentioned time.
  • Zcash Bitcoin was trading around 0.01025879 BTC per chip.
  • Additionally, the 24-hrs trading volume in the crypto was 349,177,355 USD.

Zcash Price Comparison:

Zcash price chart - 10 June

Zcash (ZEC) Price Prediction: A Major Guarda Wallet Update is Soon to be Released

 

25-days back, on May 16, Zcash (ZEC) was trading at 74.79 USD. But, today, the coin is trading with a small hike of 4.1%. However, in a week of trading, the Zcash has declined almost by 8.68%, from the trading price of 85.16 USD on June 03. Yesterday was also a bad trading day for Zcash (ZEC), where the coin opened at $80.81 and wrapped the day up at 77.67 USD, with a decline of 3.14 USD (-3.89%).

Zcash Price Prediction:

Just like the market sentiments, Zcash (ZEC) is also seeing a declining trend. As per our Zcash Prediction, we can claim that it is a good coin for long-term investment and might trade around the $100 mark by the EOY.

Conclusion:

There is a bearish trend in the market as well as in Bitcoin. And most of the cryptos are following this trend. At present, it is advised to stay away from short-term trading. However, the long-term prediction is bullish.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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