Zcash (ZEC) Price Analysis: Will Zcash Change The Financial Markets Scenario?
-Aims to work towards a complete makeover of Global Financial Markets.
-Launch of Zcash’s hard fork expected to be a major factor in its future growth prospects.
-Circulating supply is at 6,520,994 ZEC Coin.
-Has one of the best privacy features among blockchain platforms.
The launch of Zcash hard fork is going to be a key milestone and expected to turn the fortunes for the coin. Zcash has been getting into key tie-ups, including one with JP Morgan recently, to make transactions completely private. Zcash is working towards changing the whole money transfer scenario in financial markets, by making transactions 100% private, faster and at a very low fee. This vision is slowly attracting a lot of investors. Investors are viewing it as the future of financial markets and keeping fingers crossed by keenly observing the developments taking place.
Zcash is a digital currency based on the blockchain technology, introduced to make every transaction secure, private and user-friendly. It is in the process of getting rebranded as Electric Coin Company and changes the whole global financial markets set-up. The current statistics should help us gauge its standing in the market.
Latest Zcash Price Statistics:
As on May 13, 2019, at 11:24:01 UTC, the market price of ZEC is 60.98 USD. Price is down by 3.27% from the last close. Currently, the market cap is around USD 397,579,203 for Zcash price, 24 h volume is at USD 433,102,063 and ROI is at negative 98.58%. Currently, it is ranked at number twenty-four in the crypto market. 24 Hour High/Low is 64.81 USD/59.06 USD. As on April 13, 2019, at 11:24:01 UTC, the price was 70.36 USD. The downward price movement was to the extent of 13.33 % when compared to that of the past month. It had shown somewhat flattish growth over the past four months but now is slowly showing an upward trend from the past month.
Zcash Price Prediction :
The market downturn of 2018 had hit all crypto-currencies hard. Now, most of them, including ZEC price, are on the path to recovery. Its latest developments and collaborations are making the crypto world sit up and take notice of the coin. Analysts, based on its recent developments and past price history, predict a price upsurge in the range of 180-200 USD by the 2019-year-end and around 300 USD by the 2020 year end. They are forecasting a bullish outlook for the coin. Investors are advised to grab this opportunity and invest in the long term.