ZCash (ZEC): The Only Bitcoin (BTC) Fork That Can Beat Investors’ Expectations

Оригинал: https://cryptodaily.co.uk/2018/08/zcash-zec-the-only-bitcoin-btc-fork-that-can-beat-investors-expectations/

ZCash (ZEC) is a popular source code fork of Bitcoin (BTC), just like Litecoin (LTC). The purpose of its creation was to address privacy issues that users of Bitcoin (BTC) faced and also to curb centralization with its Equihash based proof of work model.  As the weekly chart above for ZEC/USD shows, ZCash (ZEC) had a good run in early 2017 and did a good job at preserving its gains after the first ATH was reached in June. The price continued to climb higher in late 2017 and reached an ATH of $1,000 in January.

Since then, ZCash (ZEC) has had a major correction that has dragged the price down to $165. The price is currently resting at a strong support. MACD shows signs of an aggressive bullish breakout at this point. The VPCI indicator shows that the price has reached its bottom and is likely to shoot up in the next few weeks as the next cycle begins. While it is true that most altcoins are generally poised for a breakout and ZCash (ZEC) might benefit from an altcoin rally, there is a lot more that suggests that ZCash (ZEC)’s next cycle is likely to beat investors’ expectations.

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