Zcash (ZEC) is a public encrypted blockchain which caused a scientific breakthrough in cryptography with its unique zero knowledge cryptography called as zk-SNARKS. This framework enables users for leveraging two addresses- one transparent and the other fully private. It also allows complete anonymity while doing transactions over this platform. It has a secure transportation layer for users’ information.
Current status of ZEC
ZEC is currently getting traded at USD 67.27 (UTC time 04:55). With a market cap of USD 425,632,140 and a circulating supply of 6,326,831 ZEC, it is the 22nd largest cryptocurrency in the world.
Price analysis of ZEC
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The above chart shows that at present ZEC is currently getting traded at 67.36 USD or 0.01330687 BTC (UTC time 05:00). Its current market cap is worth of 426,157,665 USD with a 24h volume 218,996,298 USD. The same chart shows that approx. One month earlier, ZEC had a trading point of 55.72 USD so, within this period, the value of ZEC has been spiked up by 20.89%. Its earlier price point of 61.01 USD has provided a good support resistance to this bull trend.
Future price prediction of Zcash
Zcash got currently listed on Gemini exchange, and this is a great move of ZEC community. ZEC is also aimed to displace bitcoin and is one of the fastest growing cryptocurrency. ZEC sticks to maintain its stability in spite of this highly volatile market. Even, ZEC community is also planning to fix the scalability issues of this network to allow limitless transactions and private and scalable smart contracts practically. With all this evidence, ZEC can have good days ahead. According to CryptoNewsZ’s Zcash Price Prediction, the coin can cross $200 mark by 2019 end. We assume that if it reaches to more people and if it comes with more effective partnerships and developments, it can even cross $500 mark this year.
Conclusion
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ZEC is a very potential cryptocurrency. Its developers are working tirelessly to bring up more updates so that users can enjoy more benefits securely in this platform. It is worth investing in this crypto for a long term basis this year.
