If you have read our cryptonews before, you probably heard of Zcash (ZEC) which is a privacy coin that is getting a lot of traction lately. Basically, many traders know what Zcash investing is all about and have made a lot of gains before. However, in order to trade Zcash, you need to understand the main idea behind this coin.
Basically, Zcash is an alternative digital currency (altcoin) which is aimed to displace Bitcoin as the main medium of exchange. The advanced privacy technology embedded in it allow ZEC to not have to show anything to verify the transactions. This is why it is also known as a privacy coin.
When ZEC was initially launched in 2017, the Zcash investing was still something that many were afraid to get in. Also, the price of the coin was very high and the Zcash news showed that there were no big profits at the time.
However, ZEC managed to go up and down a couple of times since 2017. Currently, ZEC is getting traded at .
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11 – occupying the 26th position on the market cap. Compared to the price of ZEC before which was at $52, these levels are a minus – but the situation could change soon if bulls take control of this coin.
This is exactly why Zcash investing is hot right now. From the chart illustrated above, we can see that ZEC is currently getting traded at $42 and the price of ZEC nearly one month ago was $49. That said, ZEC has a lot of room to improve and grow in the near future.
The community behind Zcash (ZEC) is planning to include more updates that would fix the scalability issues and allow an unlimited number of transactions via this crypto. They will soon launch a newer version of Zcash in 2019 – it is assumed that after all of the developments, there will be a number of users in this cryptocurrency and many trying Zcash investing on their own.
From all of the price predictions that we see in the Zcash ZEC news, it is better for investors to wait for some time for ZEC to stabilize. However, at the current weekly bottom, ZEC is definitely an attractive option to buy and hold.
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