In May, the Winklevoss brothers were in the spotlight for adding Zcash (ZEC) as one of its key digital currencies on their revolutionary Gemini exchange. Immediately after the announcement was made, the value of the digital currency saw an increase of more than 45 percent. The value of the coin went as high as $357 in a matter of hours.
Further evaluating the digital currencies which are presently available on the trading platform, it was discovered that Gemini exchange presently has USD pairings for only Ethereum (ETH), Bitcoin (BTC), and Zcash (ZEC). The additional parings on the platform are ZEC/BTC, ZEC/ETH, and ETH/BTC.
Zcash (ZEC) Price Today – ZEC / USD
Also, Gemini provides custodial services for institutions, hence giving Zcash (ZEC) the much-needed exposure to the organizations on Wall Street. Custodial services offer an assurance that all digital currencies on the platform are stored by a licensed entity, hence eliminating any cybersecurity concerns.
Zcash (ZEC) Is One of the Best Privacy-Oriented Coins
According to the CEO of Gemini – Tyler Winklevoss, Zcash (ZEC) continues from where Bitcoin (BTC) stopped in terms of providing the added privacy that is needed on the blockchain ledger. This part of privacy is a very important factor when it comes to investing in digital currencies, as recently highlighted by Satis in a Report.
According to the report, in the next five to ten years, digital currency investors will place more value on privacy more than any other thing. This will increase the demand for privacy-oriented digital currencies such as Zcash (ZEC), Monero [XMR], Verge (XVG), and Dash. When these digital currencies see an increase in demand, their values will also follow suit.
According to the report provided by Satis, the value of Zcash (ZEC) will see an increase of 6,177 percent in the next ten years, bringing its value to about $10k. This value is achievable if the digital currency sees more demand and adoption in the near future.