Every developer who is working on the Zcash blockchain is optimistic about keeping up to the promise of private digital cash; however, it is not yet globally accepted as the private digital cash. The Zcash Foundation are genuinely looking in to the gaps in the ecosystem, which is preventing this from happening.
The Zcash Foundation wants to design a Zcash (ZEC) that is by default-safe and fully-private. This will further lead to widespread trust and user adoption.
Shielded transactions is that which can make Zcash (ZEC) particularly valid for acceptance as a private, digital cash. However, the lack of shielded adoption is making it a challenge for Zcash to move ahead to the next step in adoption.
This challenge is huge. Zcash clarifies that just like Bitcoin, Zcash Network will also be able to transfer value across the internet from one person to another without having to need an intermediary.
Zcash differs from BTC in that the sender, receiver, and payment information related to the transaction can be traced and proven, but is not revealed – therefore facilitates complete privacy.
The transparent transaction from ZCash (ZEC) is a lot like the transaction made possible by Bitcoin transaction; however, the shielded transaction makes use of a unique technology that provides for the privacy technology of Zcash. Some most of the transactions happen in the transparent more, Zcash despite being a version of Bitcoin is less adopted.
In this regard, Sydney Ifergan, the crypto expert tweeted: “ZCash (ZEC) need big crowds to provide more secure privacy and also to make things hard for invaders.”
Prioritizing Shielded transactions and promoting it is the main goal of privacy promoting community of developers at Zcash. Zcash are working behind the technology to hide every tiny bit of information to prevent transaction tracing, which will provide for absolute privacy for each transaction.
Zcash (ZEC) Snippet Updates
Unstoppable Crypto wallet recently announced that they are proud to announce an important addition to the Unstoppable Wallet: “Zcash is now supported on Android and iOS version will be available within a week.”
Wrapped Zcash WZEC is currently available on Uniswap and SushiSwap. In this regard, the community are wondering how privacy will not be sacrificed as it is an erc20 token now.
An interesting terminology called “HyperZcashization” is a ZCash induced fiat currency demonetization process which is a voluntary transition from the inferior and inflationary currencies to a superior and encrypted cybercoin.
ZCash is Back: Major CEX Bittrex Relists ZEC
One of the most popular privacy-focused cryptocurrencies, ZCash (ZEC), is available on Bittrex again.
Bittrex, a cryptocurrency exchange with fiat support, listed in the top 15 by trading volume, brings ZCash (ZEC) back to its spot trading suite.
ZCash (ZEC) is relisted by Bittrex
According to the official announcement shared by the Bittrex Exchange team, ZCash (ZEC) privacy-focused cryptocurrency is back on the platform.
New Listing Update: Zcash (ZEC) is back on https://t.co/0PDjOUdZZP! Wallet is open and trading has begun.
For more information about $ZEC, visit https://t.co/HixUgZk2tm @ElectricCoinCo pic.twitter.com/sD8xyJvauC— Bittrex (@BittrexExchange) September 9, 2021
On June 30, 2021, when ZEC cheerleaders challenged Monero’s privacy, its former lead maintainer Riccardo “Fluffy Pony” Spagni asked one of them to de-obfuscate the transaction he shared.
The arrogant ZEC enthusiast failed to respond to the challenge.
ZCASH, HOT, HBAR, CHZ, Price Attempt To Rebound, Levels To Watch-Out!
he crypto space experience a massive blood-bath, somewhat similar to that of the mid-may crash, yet with low intensity. The plunge in Bitcoin price of about more than $7000 in minutes amazed the space. And the Ethereum price, Cardano price and XRPprice also appeared to have shaken up. Therefore, while the major cryptocurrencies dip, yet the altcoins with low market cap follow. ZCASH, HOT, HBAR, CHZ, etc price struggling to shed more gains.
Following the market trend, the ZCASH pricealso had bottomed hard to hit $121. Yet with strong bullish momentum, the asset rebounds well. The price accumulated well after a substantial uptrend from its lows. On the path to hit $200, a major crash dragged down the price below. However, the price rebounded before the strong support levels at $102, hence keeping the hopes alive for an uptrend. However, the levels surrounding $174 are pivotal to head towards the target.
Holo (HOT) Price
Holo price has experienced a massive breakdown every now and then. The recent attempt to smash the immediate resistance levels at $0.0165 also went in vain due to bearish market sentiments. Yet the assets appear to be in the bearish trap and could visit lower lows. Currently testing one of the important support levels at $0.009532 & a bounce could change the game.
Hedera Hashgraph(HBAR) Price
HBAR price appears to be more consistent compared to the other altcoins in the crypto space. After an extensive rally in the first half of 2021, the mid-may crash could not extract much of the price. However, despite multiple pullbacks, yet the price continued to propel high aiming the set target. The recent crash has neutralized the gains of the past couple of days, yet hitting $0.33 could confirm an uptrend.
Chiliz (CHZ) Price
Chiliz price amazed the crypto space with huge spikes that faded later. The mid-may crash affected teh price rally to some extent, as it continued to consolidate for a very long time. Yet in very recent times, the price initiated to climb high. Woefully, the fresh downtrend dragged the price below $0.3, yet bounced back perfectly. Currently, it is important for the price to march above $0.45 to confirm the uptrend.
To summarize, the altcoins are following a substantial retracement following a steep fall. As BTC price, ETH price, ADA price and XRP price are recovering their losses, many altcoins also follow. And hence an upcoming couple of hours could be extremely crucial for the price to sustain within the uptrend.
Zcash Price Analysis: ZEC Coin Price Continues To Fall For The Next Support
- ZEC coin price is currently in a downtrend and can soon hit the support of 100MA.It is trading with a loss of 3.3% in the intraday session.
- Zcash price technical indicators suggest a downtrend in price for the future. In contrast, ZEC/BTC pair is also down by more than 3.89% in the past 24 hours
ZEC coin price is currently in a downtrend and can soon observe a new low in the future. Zcash coin price has observed a loss of more than 4% in the past 24 hours. The coin has a negative ROI of -96% but it can soon convert to the positive and reach to a new high.
The bullish trend of the ZEC can see a halt near the value of $175. On the downside it may observe a bounceback from $130. Zcash coin price is currently trading above the 50 and 100 Days Moving Average. The price may hit the support of 100MA very soon.The 100MA line is near $129 which may act as a temporary resistance for the price. ZEC/BTC pair can also observe a breakout from the previous resistance and can skyrocket . One can invest in ZEC as per the price action and their risk adversity.
Zcash coin has a market dominance of more than 0.09% and is ranked 63rd in the CMC. ZEC price is currently down by more than 90% from its all time high but can soon revert to the uptrend. Volume to market capitalization ratio of the coin price hints towards a strong uptrend in price for the future
Technical Indicators Of The ZEC Coin Price Suggests A Downtrend In Price
The weekly technical chart of ZEC crypto price suggests a bullish momentum in price for the future. On the daily chart the asset price is currently in a downide momentum ZEC coin price might hit a lower support in the future. The coin price has formed a bearish engulfing pattern on the daily chart. If the price continues to go down in the channel then it may hit a support of $100. ZEC/BTC pair can also see a new high being formed in the future
ZEC crypto price is currently observing a downtrend but can soon see a new high. It can soon be profitable to the investors in future. ZEC/BTC pair can also see a strong bullish rally