Zcash Price Analysis: The Crypto Again Made Bounce Back, Still Avoid In Short Term

In a recent public internet survey and darknet survey regarding the State of Privacy Coins, the report suggests that 42% of the surveyors bought Zcash as their first privacy coin, followed by 25% bought Monero. The survey was conducted on a sample size of 234, and out of them, 42% of people stated that they store only a single privacy coin. Interestingly, 28% of them have Zcash (ZEC). Additionally, Zcash and Monero are the most preferred crypto for peer to peer exchange.

ZEC Current Statistics:

• On July 03, at UTC 11:03, Zcash (ZEC) was trading around $105.
• With a Return on Investment of 97.56% (in the negative), the Market Cap of the crypto was 721,379,508 USD.
• Besides, the total Zcash coins in circulation, at the same time, were 6,887,831 ZEC.
• Against Bitcoin, the crypto was valued around 0.00924008 BTC.
• Additionally, the last 24-hour trading volume in the crypto was around 404,529,055 USD.

Zcash Chart Comparison:

In the last 25-days of trading, there was a lot of variation in the price of Zcash. However, on June 08, the Zcash (ZEC to USD) which was valued around 83.86 USD, is shown a lot of growth. And, at present, is trading with a hike of 25.2%. However, in weekly trading charts, the coin has gone down by 3.65% from the market price of $109.41 on June 27.

Zcash Price Prediction:

As we predicted earlier, the crypto has made a jump again and is trading in the 3-digit. Zcash (ZEC) is moving swiftly toward yesterday’s resistance level of $108.02. As per our Zcash Price Prediction, the digital coin will most probably be trading around $150 by the end of the year. As of now, the new support level for the coin at $96.91 and, at the same time, the new resistance level is at $105.52, which will soon be crossed by the coin.

Conclusion:

The results recent survey conducted on the public internet as well as on darknet has only mirrored the sentiments of investors in Zcash (ZEC). The altcoin has strong community support, and it was just a matter for time for the crypto to make a bounce back. As far as trends are concerned, the short term is still a little bit unpredictable. However, the long and medium terms are bullish.