Welcome to on $Zcash (ZEC) which is one of the next big thing (not judging by the roomors), but tecnicals and fundamentals.
We have one of the biggest falling ever on #ZEC at the moment, but since volatile as usual, #ZEC seems very hard to predict if i may add.
Lets rollback at the beginning.
Zcash was listed on coinmarketcap on October 29th being worth on release 5000$/ZEC (back than Bitcoin was worth 500$).
Officialy, if you check on coinmarketcap, you ll notice that ZEC was officially worth 6BTC/per 1 ZEC.
That ratio changed in favor of Bitcoin while continually deflating ZEC more than 2 years time, but biggest run 8 months we've seen on ZEC (from 10th of February last year) (0.055BTC/ZEC) and since then from May 18th (price 0.044BTC/ZEC) in continual fall.
Lowest low on ZEC was 0.0125BTC/ZEC two weeks ago.
Since than, as per technicals and either TA or FA analysis continually .
My personal take is that ZEC can go 300% from this point up to 0.035 (which is more than in headline), but we are trying to be conservative here (despite "shilling" headline).
It's a fact judging as per technicals :
Weekly oversold, monthly oversold, yearly... :)
is uprising on weekly /(looking very sharp on daily basis)
is flat from June 18th
Weekly cross present
That would be like 9 months of consolidation on ZEC (pretty much the same as we've seen on XRP), 9 months "cycle" and uptrends right after.
When talking about fundamentals, there are roomors that privacy coins will be more and more popular in time.
Speaking of that and having on mind Sapling (fork on ZEC), activated on October 28th, corresponded with ETH Constantinopol fork in order to " keep up" since their network is overloaded.
However, Zec is a carrier of ZK Snark protocol (Zero Knowledge) it allows anonymity or transparency in the same time/upon users choice (with further network upgrades), but has 100% obfuscation, (as bulletproof fork on XMR, only even better).
Speaking of XMR (Monero), JP Morgan refused XMR in favor of ZEC considering it only valuable asset for 100% private transactions.
There are roomors also that ZEC will be @SwissBANK 21.century currency, but its too early to talk about it.
I would like to clarify one thing for the people who say " BTC is the KING" and other nonsense stories.
We have Bitcoin dependable market in which one price of every alts is not fixed, but calculated as fraction of BItcoin (i.e. current price of Zec is 0.0144 BTC multyplied with current price on Bitcoin 3990) gives 57.68 USD output.
At the ATH Zec was worth 850$/ZEC while being worth 0.05 BTC (it was during Bitcoin bullrun).
Biggest ratio over Bitcoin was 0.17 (which is more than ETH itself).
One more important thing to add is that we need to understand where Bitcoin is going in order to understand how altcoins will behave, because i've seen bunch of people posting wishful thinking TA's in order get followers.
Bitcoin will hit 4250 (which should correspond with ZEC being worth 75$) i presume.
Then we ll have correction on Bitcoin (subbing 4000) and another spike to 4450 which will certainly trigger entire market and most of the coins will manage to " express" until then (expecting ZEC price to surpass 95 USD mark untill then as increasing ratio over Bitcoin ).
One simple math example :
Bitcoin uptrended 10% over USD making 4250$ (as per chart 10%)
Zec in the meantime during Bitcoin consolidation and run uptrended for 30% over Bitcoin .
That would be 43% nominal USD gain (if you have invested 100$ on btc 4000 ZEC current price), you would have 143$ worth of ZEC since exponential growth and ratio change.
If you find this TA and FA usefull, feel free to press like and follow.
Constructive comments are welcome, ideas and every type of criticism of course.
Don't hesitate to leave your comment in comment section.
Good luck and happy trading :)
Continually makes rebound as tries to regain in sats terms.
Target 1 : 0.0175
Target 2 : 0.0200
Target 3 :0.0255
Target 4: 0.032
Target 5 going to 0.045.
Pretty correct mate.
Just waiting for it to goes nuclear :D
Thanks mate, appreciate feedback by your end.
Thank you for such a kind word Adam.
I do appreciate it.
Thank you for your feedback and don't hesitate to ask whatever is needed.