Currently, there are thousands of cryptocurrency projects, but few of them are covered in the thematic online press with the intensity that they deserve. Zcash is one of those cryptocurrencies that managed to prove their worth in the global cryptocurrency market and quickly gained worthy positions in various ratings, both in terms of capitalization and investment attractiveness.
And many experts agree that Zcash cryptocurrency is considered a good investment in the long term. We know that Zcash is one of the most popular digital currencies competing with Dash, Grin and Decred.
Although the practicality of everyday use and the fundamental value of these cryptocurrencies cannot be called into question, their results in general, especially the price behavior of the ZEC token, can sometimes be called disappointment. The increase in the cost of the Zcash token during the year ended depends on many factors, and, unfortunately, the price of ZEC is largely determined by the behavior of market participants, which is sometimes difficult to predict. However, some crypto experts were able to make forecasts on the value of the Zcash cryptocurrency in 2020.
Also, it should be taken into account that on December 11, the Zcash project team initiated a system update called Blossom, which reduced the block formation time to 75 seconds, limited the volume of mempool, etc. This period should be characterized by a noticeable jump in the price of this cryptocurrency, which is supposed to provide a short-term chance for traders to make a profit.