Zcash as a New Investment?

What is Zcash?

Zcash burst onto the exchanges in 2016, gaining popularity immediately and generating a lot of interest from the crypto community as a whole. The dream of the coin’s creators was to launch an altcoin that would have enhanced privacy features and allow users to transact easily and anonymously.

How is Zcash Doing Now?

Two years is a long time in the crypto sphere, and Zcash has experienced some of the same teething issues as other altcoins. Cryptocurrency as a whole is susceptible to market volatility, with sharp rises in coin prices coming off the back of speculation and then equally sharp drops when investor confidence diminishes.

Privacy is King

Fundamental to Zcash success is the enhanced privacy features, whereby the transactions are encrypted to protect an individual’s anonymity. Because of this, many people are using the coin for purposes of buying and selling, which other altcoins don’t always have the luxury of.

Privacy Could Also be its Downfall

With added consumer protections comes the ability for criminals to use and exploit the token. Because Zcash is now readily available, secure and private, there are a lot of organised crime syndicates trading exclusively on the black market and dark web in Zcash.

What is the Zcash Price?

The great news is that thus far there hasn’t been too much interest in a potential ban among investors, and the coin continues to remain at a stable price of $315 with a market capitalization of $1.2 billion.

What is the Future for Zcash?

Zcash is in a position of great uncertainty. On one side of the argument, there is a real sense that the coin could grow and flourish, perhaps surpassing altcoins that are currently in front of it. With the new EU GDPR legislation, the European Union at least is moving towards a more secure, safe and anonymous data environment; so Zcash fits neatly into that future.

Will Zcash Ever Challenge Bitcoin?

This is a difficult question to answer. In many ways, Zcash has a lot of fantastic advantages over Bitcoin, especially in the privacy arena. The biggest obstacle Zcash would have in overthrowing Bitcoin is purely the sheer momentum behind Bitcoin. Bitcoin has an extremely high investor confidence and for Zcash to contend with that, it would need to be demonstrably better from an investment perspective. It is safe to say, it is nowhere near there yet.

Should You Invest in Zcash?

As with all altcoins, Zcash has many features that set it apart from Bitcoin, investors will be looking keenly at these features and where they fit into the overall market and the world at large. When considering whether to invest in Zcash, you should fully research the token, its uses and historical performance.

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