ZEC coin as an investment in the future?
You all may have noticed what happened to Bitcoin on December 22. Some say it’s been a “haircut” preceding subsequent purchase, some ascribe it to the stupidity in transactions, BTC to BCH switching, others believe that everything has burst and all has gone. I’m pretty sure that the cryptocurrency market will survive this, and Bitcoin will more than likely go for 25K.
Why have I decided to write about ZEC? All is simple. This coin can win the top of Olympus as well as DASH and XMR. The cryptocurrency market is currently lacking anonymous coins; unfortunately, Bitcoin can no longer be considered as such.
ZEC coin data
Let’s compare BTC with 3 competing coins; each of them seeks to ensure maximum anonymity, which is much in demand nowadays.
Name Amount of coins Value Anonymity
It’s not hard to see that ZEC has the least amount of available coins, and at the moment it is clearly undervalued. Its price reached 700+ on December 21, but due to the Bitcoin slump, Zec was adjusted as well. I believe that the price per one coin can easily reach 1000 US dollars by January, 2018.
What is expected of SEC in 2018?
Berlin conference in early January;
Updates in early spring and in early fall.
Let’s have a look at ZEC/USD graph on 4-hour chart.
I don’t see the point in drawing up a more detailed chart. All extended charts will be provided for a short term, whereas I’m making projection for January.
Here we can see an upward trend in the enhanced channel with the value ranging from 450 to 1200. Support line makes up 430$. But our goal is 1000$. Bitcoin can go for 10K in the near future, and then the value will expand beyond the channel. However, as soon as Bitcoin begins to recover, everything will be back to the way it was.
Good luck with all your cryptocurrency trading!