ZEC lost its momentum after the market stopped caring about Anon coins. This was such a popular topic and then suddenly everyone didn’t care anymore. Could it be because everyone wants banks to join the party? Definitely. No one wants to invest in privacy coins because they aren’t going to get any love from institutional investors. The only people that are going to buy ZEC is someone on the black market that wants to buy something illegal. This will be on the only liquidity for ZEC, which is large, but not enough to create a bull market. Until there’s a clear reason why people should buy ZEC over BTC this coin is useless.
ZEC and all the other anon currencies are beginning to lose their luster. Everyone is rooting for the big banks and corporations to adopt their currency. Before the trend of crypto and blockchain everyone wanted their coins to be anonymous because banks were the enemy. Now, everyone goes wild when a bank even mentions bitcoin or ripple. It’s really the antithesis of what Satoshi had hoped for when he released the first ever BTC block. He embedded the headline about a bank bailout in the genesis block…. He would roll in his grave if he saw what was going on with his currency now. Everyone needs to take a few steps back and recognize that the banks are gaining the upper hand, and they’re using our greed to fool us once again.
Zcash is about to undergo another big hard fork. It's called Overwinter and this is a big catalyst to net a comfortable profit on a coin that otherwise has been fairly lackluster. I think jumping into coins when they announce that they will either have a hard fork or big meet up is the perfect time to do so. I expect to net atleast 10-20% between now and the upcoming date. It's always buy the rumor sell the news, and this is exactly what you should do too.
There's other privacy coins that I trust moving funds around in more than ZEC. The reason is because ZEC allows public transactions and this will allow blokchain analysis groups to eventually track and trace my movements. zk-SNARKs is the best privacy tech around, but ZEC ruined it, especially ever since they teamed up with coinbase. Coinbase won't even allow users to send or receive OUR money on a z address. We can't even anonymously send our money and so what's even the point of ZEC?
ZEC is going to pull an XMR. It's already listed on Coinbase, Gemini, and other leading digital exchanges. It's a fork of BTC so its supply is super limited. On top of that it supports totally anonymous transactions. It's only a matter of when and not if it's going to blast off from here. We are looking at the bottom of the market, but ZEC has a long way to go up.
Last Friday, the developers of the ZCash-oriented crypto-currencies aimed at increased privacy presented the first compatible version of the software for Nod with the future upgrade of Sapling. Sapling involves holding a hard-core without creating new coins, which is expected to take place on October 28. The new solution is based on blind signatures and evidence with zero disclosure, which will allow users to hide the sender / receiver balances and transactions. The developers intend to test the solution in a test network ZCash, and then invite the community to implement softfilks for implementation in the main protocol.
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| Currency | Price, USD | 24h | |
|---|---|---|---|
| 1 | Bitcoin | 10 355.799 | 0.17% |
| 2 | Ethereum | 194.278 | 3.84% |
| 3 | XRP | 0.263 | 0.25% |
| 4 | Bitcoin Cash | 307.636 | 0.94% |
| 5 | Litecoin | 71.480 | 1.47% |
| 6 | Tether | 1.005 | 0.24% |
| 7 | EOS | 4.092 | 1.98% |
| 8 | Binance Coin | 20.862 | -0.76% |
| 9 | Bitcoin SV | 123.990 | 2.34% |
| 10 | Monero | 75.562 | 1.14% |
