The price of ZCash increased significantly after the rumors that it would be listed on the Gemini exchange which is based in New York. And the rumors were true. The currency got listed on Gemini.
The cryptocurrency is based on privacy. That is why the usage of the cryptocurrency is also increasing significantly. The cryptocurrency exchange on which it is listed is owned by Cameron and Tyler Winklevoss. Both of them are heavily invested in ZCash. That is why it was almost a given that they would surely get it listed on the cryptocurrency exchange.
Even though ZCash has jumped by almost 47% since the news first broke out, it is assumed that the positive sentiment will continue to rub off. That is why the price of the cryptocurrency is slated to increase further. This, however, does not mean that there will be no volatility. Even after the volatility, there will be a significant increase once again. According to the cryptocurrency exchange, ZCash is nothing but a fork of Bitcoin according to the code which it uses. That is why they are happy to list it.
Gemini cryptocurrency exchange had already clearly listed that it will surely list the coins which are related to the NakamotoFamily. That is why it did not come as any surprise that they were going to be listing ZCash.
Once the hype over the cryptocurrency listing on the exchange was over, all was dependent on the network upgrades which came in ZCash.
If indeed, there is a fork and the cryptocurrency creates further value for the investors, it can rise even further. It remains to be seen whether there is an improvement in the network or not. Once there is an improvement, it will be easier for the cryptocurrency investors to see more value in the cryptocurrency. As a result, the investments will increase.
Zcash (ZEC) Price Today
It has been more or less flat in the last 24 hours. That is why it remains to be seen whether it rises further or whether it stays around the current levels. This news is certainly a huge positive for the cryptocurrency. In the future, any further developments will propel it to higher levels which will definitely benefit the cryptocurrency in the longer term. Also, at the present levels, investors should wait for a period of time before thinking about investing in it.