This, obviously, might help ZCoin to get less centralized increasing the demand and popularity of the coin, resulting in the increase in price.
Currently ZCash is trading near btc 0.0015 support, where it is forming a . Yet the pattern hasn’t been confirmed as the break below is still possible. However, the oscillator shows , suggesting a potential upside move.
If price will remain above the 0.0015 support, ZCoin is likely to move upwards and should be reaching 61.8% Fibonacci. This is btc 0.0038 , and if XZC will rise that high, the result will be a 160% gain over the Bitcoin .
However, break below the support could have a negative affect on the XZC/BTC, obviously making it much riskier investment.
All-in-all, fundamental news are positive and ZCoin might be the coin of interest in the coming days/weeks.