Market Outlook

Zcash(ZEC) Market Soares $234.63 Million

Zcash(ZEC) Market Soares $234.63 Million

Zcash rosed up to 1.8% against the US dollar on the first day of 2020. ZEC obtained a market of $234.62 million. In the period of the last 24 hours, $89.27 million worth of Zcash was traded on exchanges.

Zcash has traded 1.8% against the US dollar in the last seven days. You can buy one ZEC coin for $28.11. In other words, you can buy one ZEC coin for 0.00389756 Bitcoin at all significant cryptocurrency exchanges like Gemini, Bitfinex, and Bithumb.

The price movement of Zcash in the previous two quarters has been nothing short of amazing. The first two quarters kindled hope of a flourishing year. However, the price started to fall drastically in the third quarter. The price continued falling. But, on the last day of 2019 Zcash experienced a pullback pressure.

Zcash Price Analysis

Zcash began with a market price of $61.81 in 2019. However, in January the prices fell by a stunning 18%. This fall improved slightly over the course of the next few months and touched a record high. However, from the second quarter, Zcash suffered a tremendous downfall by 35% in prices.

This loss in the market share continued for the rest of the second quarter. Thankfully, this year, you can expect Zcash to perform better in the market. Experts dealing in cryptocurrency has predicted a fruitful year for Zcash. If you are interested in ZEC coins you must consider long term investment. This is because short-term investment might not deliver the desired result for you.

Meghan Alexandra Administrator
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Meghan Alexandra Administrator
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