The goal of every cryptocurrency is to reach as many big exchanges as possible, as well as make many big partnerships. This will lead to more trust in the coin, increase in activity as well as increase in exposure. This is why ZCash takes ZEC Gemini listing so important.
So many feel that, with the listing ZCash will hit a $1000 mark, which will place it among the most valuable coins in the market. So many coins have been left in ruins this year, hoping they hold on until a better period comes.
Talking about ZCash, the coin is not doing very bad. It is one of the coins that have been very stable. Ever since the drop back in January, its price fluctuations have been minimal. Investors and holders feel they can do something about this and they see the ZEC Gemini listing as a solution for this.
ZCash also depends on network upgrades
ZEC is a popular coin, largely due its secure transfers. The transactions can guarantee anonymity. Back in May, the coin was first listed on Gemini, but many people back then believed that the conditions for the successful rise of the coin were non-existent.
Presently, the market seems to be making much efforts to recover. Although recently, it suffered a few hits, it is always back to trading in the green. This might be the best opportunity for ZEC Gemini listing to finally pay off.
Many also believe that after the initial price surge, the hype will be over and the future of the coin will depend on future upgrades of the network. Whether or not, the improvements will be enough to sustain the new price of ZCash is yet to be known.
According to data from CoinMarketCap, ZEC is ranked the 21st largest coin by market cap. This is expected to change if the price goes up; So potential investors, before it occurs might think of purchasing a few of the ZEC coins.