ZCash Price Prediction
Best advise? Study these charts 📖
Today's ForecastsZCash(ZEC) opened trading today at $79.74. It achieved a Market high of $82.00 and a subsequent Market low of $71.57, Representing a change of $-5.17 and price percentage change of -6.48% . Its current Price is $74.57 representing a market share of 0.13% only.
A total volumn of $120,443,008 worth of ZCash traded hands today, achieving a Maximum Market Cap of $790,310,272 for the day.
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The Bull Case 🐃 for ZCash
Many people are looking to invest in digital assets (including ZCash) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for ZCash as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, ZCash has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
ZCash is currently trading around $74.57.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of ZCash
ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible.
ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.
Block explorer data from https://explorer.zcha.in/Visit website open_in_new
ZEC Trading Stats for Today - 2020-12-02 04:06:16 +00:00 GMT
|Current Supply||10,597,594 ZEC|
|Total Supply||21,000,000 ZEC|
|24h Volume (coin)||1,615,070 ZEC|
|24h Volume (currency)||$120,443,008|
|Last updated||2020-12-02 04:06:16 +00:00 GMT|
Other Price Forecasts similar to ZCash(ZEC) :
Common ZEC Price Prediction Questions
What is ZCash’s potential future value?
ZEC's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what ZCash is and what it does. This is because ZCash's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can ZEC make you one?
What is going on with ZCash's price?
In order not to be too rattled, read our Fundamental analysis above on ZCash to know if it’s a good hodl.
How high will ZCash go?
No one really knows for sure. We however predict ZEC might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is ZCash(ZEC) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of ZCash to see its expected value. You can also visit ZCash's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The ZCash website page will quickly provide you with that value.
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Why is ZCash's price going down?
It’s difficult to tell right now as the daily ZEC candle hasn’t closed. However a quick way to know the reason for any sudden disruption in ZCash's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for ZCash, Simple click the Social Button on this page, located immediately below the Price Charts.
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