Zcash (ZEC) was launched in 2016 as a science-based cryptocurrency emphasizing on the need for privacy of every financial transaction. In a very short span of time, the crypto has secured the spotlight position and gained attention from major financial institutions in the world. The open source decentralized platform is based on Zero Coin protocol and aims to provide full proof shielding to transactions of every kind. The coin has been bullish ever since its inception and blurring the lines between crypto & traditional modes of payments through its scientifically advanced features. Through increased partnerships with businesses & merchants, the currency is already competing with the traditional mode of payments & can replace them with its speedy transactions.
Current Statistics
Currently, the ROI of the coin is -98.59%. The circulating supply now is 6,420,969 ZEC which is equivalent to the total supply of the coin. As on April 29, 2019, at 12:34:01 UTC, with a market cap of 388,418,312 USD, the coin is ranked at 24th position by the CoinMarketCap in its top 100 cryptocurrencies list. The price is trading at 60.49 USD and 0.01141686 BTC. The 24 h volume is 159,529,782 USD.
Comparison
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As on March 30, 2019, at 05:34:01 UTC, the market cap of the coin was 353,817,585 USD, the price was 57.03 USD & 0.01389004 BTC. The 24 h volume was 202,182,370 USD. In the last 30 days, the price has recorded a maximum of 77.08 USD and the lowest of 56.69 USD. The last 7 days saw the lowest at 59.06 USD & highest at 70.51 USD. The upward trend of over 6% in the last 30 days is expected to surge further in the coming days.
Prediction
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In 2018, Zcash collaborated with JPMorgan to build a platform which can enable secure private transactions conducted in any part of the world. Additionally, the company also partnered with Parity Technologies to restore complete privacy in financial transactions through zero-proof nodes. Ever since then the crypto has been listed on major exchanges globally making it fully accessible to the crypto enthusiasts, followers & supporters. At the beginning of the year 2019, the company announced it’s rebranding to being called as the Electric Coin Company which resonates with its overall vision of making payment exchange fully private, digital & anonymous. We can expect the price of ZEC to show a sudden upward surge & reach over 100 USD by the end of 2019. However, according to Zcash Price Forecast data, the coin has the potential to exceed expectations and reach as high as 250 USD in the next 2 years and cross the 500 USD mark in the next 5 years. This is the right time to invest in this currency and wait for the returns patiently.
