Zcash (ZEC) Price Analysis: Zcash Shows Up To The Bitcoin Party Late, But It’s Here To Stay

Zcash has always been in the big legacy since its inception in 2016 by Zooko Wilcox-O’Hearn. The open source decentralized cryptocurrency is based on a zero coin protocol enabling secured transaction with a very strong scientific backing. The firm had partnered with JPMorgan in 2017 for the development of a stable altcoin under the Quorum project and has gained traction amongst traders and investors since then. ZEC token had finally caught up with the raging Bitcoin trend and showing consistent upwards surge. The market data support bullish trends ahead.

Current Statistics:

• Zcash is ranked at the 23^rd position in the global cryptocurrencies list by the CoinMarketCap
• The ROI stands at -98.24% now
• The circulating supply of the coin is now same as the total supply which is 6,570,131 ZEC
• As on May 20, 2019, at 08:04:00 UTC, the market cap of ZEC is around 497,960,046 USD
• The price of the coin is now noted at 75.79 USD & 0.00956512 BTC
• The 24 h volume has been 504,157,879 USD

Comparison:

In the last 30 days, the currency value has moved between the range of 81.94 USD and 55.58 USD. The highest value remained the same, but the lowest was noted at 60.50 USD in the last 7 days. The value of the coin has shown an upward trend of over 9% in the last one month with the price trading at 69.15 USD as on April 23, 2019, at 05:34:01 UTC. The market cap was recorded at 440,853,651 USD, and 24 h volume was 218,199,284 USD at the same UTC. The first resistance level will be achieved at 80.88 USD in the next few weeks.

Zcash Price Prediction till 2020:

Zcash had recorded an all-time high of around 5,941.80 USD in October 2016. There has been a tremendous downfall in the value of the ZEC coin since then, but it is again showing an upward trajectory since April 2019. Zcash is exploring untraded territories to discover its true worth, and the ZEC coin will soon be showing an amazing surge in prices. As per the Zcash Forecast, the ZEC price can rise up to $500 by the end of 2019, and it might cross the $5000 mark in the next 2 years.

Conclusion:

Zcash is the currency for long-term investments with huge returns and bullish trends.