Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity
Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days. Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC’s RSI at 42 On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend. Now, will the bulls pull it off and haul the price back to $66? Zcash Fibonacci retracement levels have hovered up from $55 to $92.6, showing an 83.4% retracement level, which is close to the key support zone of $58. In June, the $55 to $58 zone emerged to be a....
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The MANA relative strength index has shown growth which signals an increase in buying activity. New developments, partnerships in Decentraland contribute to price spike Decentraland social mentions amplified by 89.07% MANA price up by 1.04% There are so many exciting developments happening for Decentraland (MANA), such as the partnership of StadioPlus with LaLiga, a Spanish football league giant. The partnership allows LaLiga to feature themed plots of virtual land starred in Vegas City, which happens to own the biggest entertainment, games, and sports areas of....
On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to launch an official ECC wallet, as well as bolster the network’s cross-chain interoperability.
Zcash to Change From PoW to PoS
The Zcash network currently leverages a proof-of-work mining algorithm called Equihash, which allows miners to compete in order to find new blocks on the Zcash chain. In a blog post published on November 19, ECC announced the network will....
After climbing by nearly 100% last week, ANC was once again lower on Tuesday, as bears continue to ravage prices. This comes as ZEC evaded today’s market uncertainty, and rose by as much as 16% during the session.
Zcash (ZEC)
Despite cryptocurrency markets falling by almost 2% in today’s session, the price of zcash (ZEC) was able to rally to its highest level in four days.
Today’s move in ZEC/USD saw prices rally from its long-term support of $106, with the 14-RSI also climbing past its own floor of 49.50.
As of writing this, ZEC is up....
It turns out the pseudonymous John Dobbertin, who was one of the six participants in the Zcash Ceremony, was Edward Snowden all along. Cybersecurity poster boy and government surveillance whistleblower Edward Snowden has revealed he played a pivotal role in the creation of privacy token Zcash (ZEC).A video from Zcash Media featured an interview with Snowden where he outlined his involvement as one of the six individuals who had a piece of the Zcash multisig private key to launch the project on Oct. 23, 2016. In the video, Snowden stated:“My name is Edward Snowden. I participated in the....
Bitcoin Trading has been pushing price higher in jittery trade today. Small buying spurts are interjected with frequent bouts of selling. It is as if the market is not sure about advance, or fears a return to decline. A look at a larger timeframe chart sheds some light on which way trend is pointing. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 13h45 UTC. Bitfinex 4-Hour Chart. From the analysis pages of xbt.social: The 200MA (red) is a critical moving average of the Bitcoin chart. Its role....