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ZCash is in bull run

2 min read

 

Zcash, after a long time hiatus, returns to grow in double figures, confirming what is the theory we formulated yesterday, right on these pages.

The historical altcoins, those that have been around the longest and that in a sense were almost forgotten and that are relatively unknown to newcomers to the crypto they fly again, towed (but with lag) from BTC.

ZCash flies to the market: the latest news from the privacy blockchain

Or rather, from the blockchain that it tries to contend with Monero the leadership of the sector crypto for privacy. Zcash it is however much more and as a demonstration of what we have just said we find many Announcements that are materializing – and that in part they are materialized during the past week.

From security assessment from NU5 which was completed with no problems whatsoever upon arrival of Agoric, partner of ZEC and that it has announced the launch of its platform that allows interoperability also with the network of Zcash. The ambitious goal would be to lead $ ZEC on the new protocol and thus be able to exploit it also as regards the smart contract.

A step forward decisive for the protocol, which would thus enter the group of those that can also be exploited for the decentralized finance, while maintaining its project characteristics born mainly for the privacy.

Beyond the news, it is also a matter of cycle

Our interpretation of the market of the last week proves, once again, to be successful. We talked about the BTC cycle and its lateral movements, with growth alternating with the world revolving around ETH, and then leave space for the historical altcoins.

Daz before was the time to Dash and Litecoin, with growth of more than 10% and today arrived, on tiptoe, that of Zcash, which thus returns to decidedly interesting price levels, even if still far from targets set on ZEC by our specialists.

What prospects for Zcash?

Zcash it is a protocol that will be almost unknown to our readers who have recently arrived in the world of cryptocurrencies. It is a protocol of the former wave, which particularly pushes on privacy of the wallet and of transactions, albeit with important differences at the level of protocol.

Hunger for Privacy it will be one of the fundamental factors for the price movements within this market – which, however, we invite you to follow with some attention even by those who have already invested in something else.

The historical altcoins they have proved, in various phases and market cycles, as a solid and stable alternative to exposure to protocols that are more renowned today. It is not certain that in a well-structured portfolio they cannot find place also this type of projects.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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