The listing of ZCash on Gemini has increased by 50% in the last 7 days. That is why many investors actually believe that it can rise even further. There are hardly any other cryptocurrencies which have risen by almost 50% in the last one month. That is why this cryptocurrency certainly stands out. It remains to be seen whether such a momentum is continued or whether the momentum decreases significantly. For now, however, it is one of the best performing cryptocurrencies in the last one month which is what is making it gain more attention.
ZCash is providing secure transfers to the cryptocurrency holders. As a result, they are able to get anonymous transfers as well. Moreover, it is getting listed on many different cryptocurrency exchanges. The latest one on which it got listed is Gemini. As a result, it is gaining more and more favor as well. It will get listed on May 22. As a result, the liquidity will certainly increase in ZCash.
Moreover, there is a hard fork which is about to happen in ZCash. This will result in even increased value of ZCash. The question which remains is whether it can increase beyond $ 1000.
Where to ZCash now?
When you look at the valuation of ZCash currently, it is ranked 20th according to market cap. That is why most of the cryptocurrency investors are actually asking whether it can increase more in market cap or not. Also, investors are fearful of quite a few regulations. On the other hand, ZCash is actually offering anonymous holding as well as anonymous transfers. This is one of the main reasons why there is confusion about ZCash. If indeed, ZCash is banned by some of the cryptocurrency exchanges that will lead to a downfall. On the other hand, since it provides complete privacy, the potential in ZCash is also pretty huge. The transactions can be conducted quite swiftly as well. This is another reason why it is gaining more and more traction as well.
The hard fork in ZCash will happen around 25th June. As a result, it is slated to rise around then as well. In all probability, around that time it can rise even higher than $1000. Till then, if you’re looking to invest in ZCash, now might be the right time to do so. You will be able to easily get rich dividends if you’re investing in ZCash currently.