tip: who care about privacy!! analysis of Zcash ...( ZECUSDT)
What Is a 🌟Zcash 🌟?
Most blockchain projects in the world have similar ideas and applications, but there are a few that stand out with a number of unique features, one of which is Zcash.
Zcash is a decentralized peer-to-peer payment network and a cryptocurrency with the acronym ZEC. This cryptocurrency is a fork from Bitcoin and its number of units, like Bitcoin, is limited to 21 million units. In fact, bitcoin codes have been used to make Zcash.
Zcash, like Bitcoin, has its own blockchain and is based on mining. A feature that sets it apart from Bitcoin and many other currencies is the ability to conduct private transactions.
Unlike bitcoin, which has transparent transactions, smart users can enjoy complete privacy in transactions. In Bitcoin, you can track a transaction and view assets at an address, but according to the Zcash development team, it is possible to hide everything on the Zcash network.
For people who do not want their transaction details to be disclosed, Zcash can be a good option.
-----------------------------------------------------------------------------------------------------------------------------
❇️Quick Technical analysis
Zcash registered positive gains across a turbulent broader market.As you can see in the chart, the cup and handle pattern is formed, which promises growth in the not too distant future and completes the movement of the pattern.
in the 4-hour chart showed that ZEC has been on an uptrend since the beginning of the month, posting solid gains during this period. In fact, ZEC’s weekly gains of over 67% were the highest among most cryptocurrencies. For now, the market’s bulls have a strong grip over the crypto’s price, with the latter showing no signs of slowing down in the near term.
The Relative Strength Index was moving north towards the overbought zone, a sign that the price could surge even higher before an eventual correction.
The Parabolic SAR’s dotted markers were below the candlesticks, confirming the bullish nature of the price.
------------------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
Most blockchain projects in the world have similar ideas and applications, but there are a few that stand out with a number of unique features, one of which is Zcash.
Zcash is a decentralized peer-to-peer payment network and a cryptocurrency with the acronym ZEC. This cryptocurrency is a fork from Bitcoin and its number of units, like Bitcoin, is limited to 21 million units. In fact, bitcoin codes have been used to make Zcash.
Zcash, like Bitcoin, has its own blockchain and is based on mining. A feature that sets it apart from Bitcoin and many other currencies is the ability to conduct private transactions.
Unlike bitcoin, which has transparent transactions, smart users can enjoy complete privacy in transactions. In Bitcoin, you can track a transaction and view assets at an address, but according to the Zcash development team, it is possible to hide everything on the Zcash network.
For people who do not want their transaction details to be disclosed, Zcash can be a good option.
-----------------------------------------------------------------------------------------------------------------------------
❇️Quick Technical analysis
Zcash registered positive gains across a turbulent broader market.As you can see in the chart, the cup and handle pattern is formed, which promises growth in the not too distant future and completes the movement of the pattern.
in the 4-hour chart showed that ZEC has been on an uptrend since the beginning of the month, posting solid gains during this period. In fact, ZEC’s weekly gains of over 67% were the highest among most cryptocurrencies. For now, the market’s bulls have a strong grip over the crypto’s price, with the latter showing no signs of slowing down in the near term.
The Relative Strength Index was moving north towards the overbought zone, a sign that the price could surge even higher before an eventual correction.
The Parabolic SAR’s dotted markers were below the candlesticks, confirming the bullish nature of the price.
------------------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
