Zcash (ZEC) has been one of the top performing digital currencies over the past years. The price trend of the digital currency over the past couple of months on CoinMarketCap has also been impressive. Zcash (ZEC) was hard forked from the blockchain of Bitcoin back in October 2016. Zcash is a privacy-oriented digital currency, this means transactions carried on the blockchain cannot be tracked and monitored by other users. This fascinating feature alone has attracted a lot of digital asset investors to the coin. Some are even regarding Zcash as the best cryptocurrency to invest in 2019 when it comes to privacy-centric digital currencies. The price of Zcash, Zcash price prediction 2019, and the bullish Zcash news are also acting as a selling point for the digital currency. With the recent ZEC USD price action, do you see Zcash as the best cryptocurrency to invest in 2019?
Zcash News Today: What You Need to Know about Zcash (ZEC) – Zcash Price Prediction – Best Cryptocurrency to Invest in 2019
Zcash (ZEC) is dependent on a decentralized blockchain. The blockchain is more focused on privacy than other blockchains, such as Bitcoin. Zcash allows users to electively disclose private information selectively. There are four different types of transactions on the Zcash network – public exchanges, shielded transactions, unshielded transactions, and private transactions.
Zcash is more scalable than many cryptocurrency projects in the crypto space. New blocks are created every 150 seconds. The average time expected to create a private transaction is one minute. Zcash can process about 27 transactions every second, and the cost of transactions is just $0.001. Zcash is known to be a very secure platform. Apart from ZEC USD price action, the security of the platform is one factor that has increased its usage.
Zcash Price Prediction 2019: Zcash Provides the Highest Privacy Protection – eToro
According to a recent report by eToro, Zcash offers the highest privacy protection compared to other cryptocurrency projects. The Zcash token has a great trademark feature. When called for, Zcash enables its holders the choice of privacy. Holders can choose either a transparent exchange, direct, or completely private exchange. The network also gives users the keys to the history of their transactions. A Zcash holder can grant or withdraw the permission of an individual to view their transaction history.
Zcash (ZEC) has the potential for regulatory approval because it doesn’t entirely identify as a privacy digital currency. This means it wouldn’t have issues with regulatory agencies such as the US SEC. This means investing in the digital currency is safe to a certain extent.
Zcash Price Analysis – Zcash Price Prediction 2019 – Zcash Price Forecast 2019 – Zcash News Today – ZEC USD Live Price
With the ZEC USD price trend so far this year shows Zcash is a great digital currency to invest in. The price of Zcash recently made an attempt to break over the $100 level. However, the digital currency was blocked and it started correcting lower. The price of Zcash is currently supported at the $75 mark. On the upside, the immediate resistance of the coin is at the $80 mark.
Zcash (ZEC) Price Today – ZEC / USD
At the press time, ZEC USD live price is $77 after a decrease of about four percent over the past twenty-four hours. The current market cap of the digital currency is $518.28 million. The trading volume of the digital currency over the past twenty-four hours is $6.69 million.