Zcash (ZEC) faces significant challenges and potential growth areas. Amid growing scrutiny of privacy coins, a forecasted growth of privacy coins is predicted, with ZEC possibly taking center stage in the booming $7.38 billion market. Affected by privacy coin crackdowns, delistings on major cryptos exchange platforms have been particularly impactful on Monero (XMR), ZEC and other privacy coins. Despite these,
ZEC has achieved a 2-year high and regularly surpassed the $175 million trading volume mark, proving a steadfast presence in the altcoin sector.
ZEC is being positively eyed up by investors and traders. It has outperformed most except for memecoins, hinting at a resilient performance. In the future, ZEC price can reach $100 by December 2024. Furthermore, Zcash's move to a
Proof of Stake paradigm shows potential for innovation. Critically, the Zcash developer and founder has joined Shielded Labs and is pushing for this hybrid PoS upgrade.
However, the expansion of ZEC has its detractors. Critics suggest that after an impressive run,
Zcash could face a price setback. While the price rallied to a yearly high of $45, it could dip again below $30 as bulls lose momentum. Yet, undeterred, ZEC holders are eager for new opportunities demonstrated by interest in new tokens like Flasko (FLSK).
ZEC Coin News Analytics from Sat, 29 Oct 2016 07:00:00 GMT to Sun, 05 Jan 2025 08:00:00 GMT -
Rating 3
- Innovation 7
- Information 7
- Rumor 1
