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Is Zcash worth including in portfolio: Price, Change and Charts


Zcash
Zcash$30.99

1.36%

50% ↓ 49.60%
Dash
Dash$38.30

2.33%

30% ↓ 45.76%
Bitcoin
Bitcoin$70 549.88

3.00%

20% ↑ 653.11%
Author: NIcky J1
Last updated: Tuesday, July 21, 2020 2:31:33PM UTC
Current price, USD: 14 186.59
Change, %: 636.78

Portfolio description

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.

Historical data for portfolio

We list daily historical data for the past 10 days

Date Price, $ Change, %
Mar 19 13 569.59 604.74
Mar 20 12 394.41 543.70
Mar 21 13 601.11 606.37
Mar 22 13 119.73 581.37
Mar 23 12 741.30 561.72
Mar 24 12 845.12 567.11
Mar 25 13 472.83 599.71
Mar 26 14 018.94 628.07
Mar 27 14 025.84 628.43
Mar 28 13 917.43 622.80

Is Zcash worth including in portfolio change chart — 7 days

Is Zcash worth including in portfolio change chart — 30 days

Is Zcash worth including in portfolio change chart — 60 days

Is Zcash worth including in portfolio price change (24h)

Is Zcash worth including in portfolio Stanlyyy July 23, 2020
The correlation of bitcoin with the stock market has several opposing factors of influence. On the one hand, a solid pricing framework is useful for professional trading. On the other hand, the asset in the basic version has high volatility, and in many respects was able to show such an impressive growth in 2017 precisely due to the lack of understanding by retail investors of the nature of growth. At the moment, the traditional financial market itself may have a similar nature of "inexplicable growth", forming an analogy with bitcoin, absurd in the recent past. In these conditions, everything that can bring the fastest profit is bought out, however, with a high probability, after such a "growth on steroids" a painful period of detoxification begins. Cryptocurrency was the answer to the past financial crisis, but in those days, digital currency had nothing to form a real basis for “poaching” part of the financial flows of the traditional sector. Now the situation may be different, and although Bitcoin was the first, it is likely that it will not shine at all on the ruins of the next financial collapse.
Is Zcash worth including in portfolio Tito Jobs July 17, 2020
The most reliable cryptocurrency for investment, in my opinion, is still Bitcoin. I advise you to invest either only in BTC, or distribute investments in such a way that bitcoin makes up at least 75% of your portfolio. For those who want to build an extended investment portfolio, you can add three more coins that have the greatest growth potential in 2020. At the same time, I emphasize once again that 75-80% of investments are recommended to be invested in bitcoin.

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