Today we’re going to talk about Zcash: a privacy-centered currency that’s currently ranked 21st by market capitalization. Zcash generated a lot of buzz since it launched in 2016, and even got a positive shoutout from Edward Snowden. It’s also been added to some pretty exclusive exchanges, including Gemini and Coinbase. But can ZCash win the privacy race?
Hi, it’s Kiana Danial, CEO of InvestDiva and today’s DARE overview on zCash is unmissable! But first, I want you to look down below this video and click on the red subscribe button to SUBSCRIBE and get these updates as soon as we publish them. Now that you’re subscribed, let’s talk about ZEC. On the surface, Zcash is like a faster version of Bitcoin, but with one key difference: in addition to public transactions, users can also make trades hide the origin, destination, and size of their transactions. That technology is useful for anyone who wants to keep their wealth anonymous. But is that enough to make Zcash the privacy leader?
Our analysts have just completed a full, institutional-grade analysis of the ZCash technology, and we’ve examined all the pros–and cons– of Zcash’s prospects as an investment. You can read the full details of the Zcash digital asset report on Crypto Briefing’s website. On the plus side, our analysts were very impressed by Zcash’s cutting edge technology. Recently they’ve upgraded the tech to make it even cheaper to protect privacy, and the company behind it has made detailed plans to make transaction data even smaller. That’s a strong sign that the company knows where they’re going and how to get there. On the other hand, there are a few reasons to take those promises with a grain of salt. Zcash is still struggling with adoption, and even great tech might not be enough to make people use it. There’s also the question of how different national governments might feel about a currency that can be used for anonymous transactions, especially if cryptocurrency becomes mainstream. Overall, those concerns gave Zcash a grade of C+. It’s still an impressive coin with a lot of momentum, but there are enough possible issues to make a cautious investor think twice.
On the price action side, the ZEC isn’t that exciting either.
In fact, it’s just been hanging around key support of $51 for the past month, and if the majority investing crowd lose their faith in the crypto for one second, it could start dropping like it’s hot towards the all-time-low level of $27. Now the question is if you put the fundamentals and the technicals together, would cheaper prices be a BTFD opportunity? Once you’ve used the red button below to subscribe to our Video Briefings, head over to the comment section and let me know what you think about the future of ZCash. Also, what would you like me to cover in the next video? Thank you so much for watching, and I can’t wait to see you soon with more updates.