The Zcash price rose significantly after rumours that it will be listed on the New York based Gemini Exchange, and truly the rumours came to be. Gemini listed the currency.
The crypto focuses on privacy. This is one good reason why there is a significant increase in the crypto’s usage. Gemini which has listed Zcash is owned by the Winklevoss brothers (Tyler and Cameron), and both of them have large investments in Zcash. This is why the chances were high that Zcash would be listed on the crypto exchange.
Zcash (ZEC) Price Today – ZEC / USD
Although Zcash has risen by about 47% since the break out of the news, it is assumed that the positive sentiment will keep rubbing off. This is the major reason why the price of Zcash has been tipped to increase further. However, this doesn’t mean that coin will be free from volatility, because if it comes in, the crypto will once again experience a great increase.
Gemini while listing Zcash revealed that they were happy to do so due to the fact that, it is simply a fork of Bitcoin.
Zcash Price Prediction 2018
Although most altcoins faced great fluctuations in their prices, ZEC has been very stable this year. As a result of its upgraded features as well as its several partnerships, Zcash may likely increase before 2018 comes to an end.
Zcash is also working on relay protection for network upgrades, transparency and expiration of a transaction; with these developments, Zcash will be regarded as the best platform.
Recently, in order to diminish time and memory use of transactions that are shielded, Zcash launched the Sapling Protocol update. This great feature will increase the functionality of mobile wallet support and with this, more people will make use of Zcash. The price of Zcash has been showing huge chances of growth, therefore we expect it to reach $310 by the end of 2018.
Zcash Price Prediction 2023
In five years time, Zcash will become very famous, and as a result of this, its price will see a drastic increase as well. By 2020, we hope Zcash is ranked among the top ten digital coins. By 2023, we expect the price of Zcash to reach $1200.