According to the latest news, Zcash which is the 21st largest cryptocurrency with a market cap of more than $1.4 million had jumped over 50% in previous days. The coin also experienced fluctuation until the introduction of Gemini Exchange, which was the first licensed exchange for the trade of Zcash. Based on the information Zcash will be able to trade on Gemini Exchange from today onwards (May 22).
Zcash Price Prediction August 2018
In August 2018 Zcash had made itself as an attractive coin by its hike in the price. According to predictors, Zcash is a better investment option. By the end of 2018, the price of ZEC is going to reach $14787 which will be 59.9% high. The ZEC is trading today with the price of $320.71 with a market cap $1,272,932,026. It has an $84,500,800 volume in the last 24 hours.
Zcash Price Analysis
The zcash price jumped from $248.22 to $381.43 from13th to15thAugust 2018. After dipping to $308.47 on May 17, the price was back to $377.56 the next day with a market cap of just under $1.5 billion and was back down to $355.65. The coin touched $381 on Friday, but the upside was not sustainable as the price quickly retraced the gains and dropped back to $362. The market had closed yesterday with the price of $328.63.
Coincheck had delisted many of the privacy coins after the announcement of Gemini Exchange including Zcash. Delisting is scheduled on June 16, and they had given time to remove the coins for the investors. And this news had badly affected the price of Zcash which caused to drop. Even though ZEC had managed to recover still, it is under pressure which made to go down again up to -7.67% over the night.