Zcash (ZEC) has become one of the biggest stars of the digital asset market, and despite the massive pump, it may still be worth investing in.
Attractiveness of investments in Zcash is supported by the following reasons:
- To anonymize users, the ZEC blockchain uses an efficient cryptographic method called zero-knowledge proof;
- Stock Zcash is limited to 21 million, and the block reward is regularly halved, just like in the Bitcoin network;
- Users can choose a transparent or private crypto wallet address to store digital assets;
- In the fourth quarter, developers Zcash will release several important updates;
- Since the beginning of the year, the amount of ZEC stored in privacy wallets has increased by 2,3 times and now stands at 4,58 million, worth $2,1 billion at the current exchange rate.
Increasing the number of coins Zcash in anonymous crypto storages
Since September 30th, when the ZEC market began its bullish rally, kriptovalyuta The price rose by 637%, and on November 4, its rate reached a new all-time high of $481. However, given the above factors, it can be assumed that the upward trend will continue.
It’s not too late to buy Zcash Hoping to increase their capital, fortunately, the market is not yet overheated, as evidenced by the RSI index, which is 80 on the daily chart. However, with any investment, whether in stocks or digital assets, caution is advised, as in a volatile market, the risk of not achieving the expected profit is high.