Is Zcash Giving Investors Mixed Signals?
Zcash has been giving investors some relatively mixed signals, making crypto-enthusiasts a little unsure of where they stand. Following the digital currency’s recent launch, trading on Poloniex shot to explosive records, and the price of Zcash reached approximately $2 million per coin, an incredible improvement over the mere $1,000 investors were paying near the beginning. Matthew Green, an assistant professor at Johns Hopkins University who began working on Zcash three years ago, explained some of the motivation behind the cryptocurrency’s birth: “The basic story is that we have been....
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Over the past few months, an increasing number of cryptocurrency enthusiasts and investors have cited the importance of ZCash and its potential impact on the ecosystem of digital currencies in terms of privacy and anonymity. However, there exists a relatively large community of experts and users that aren’t convinced of the ZCash hype train. Merits. Many investors and experts including Dan Morehead of prominent bitcoin venture capital Pantera Capital are optimistic towards the features of ZCash that can cover the limitations of bitcoin. As Morehead outlines, some of them include: Selective....
ShapeShift.io integrates Zcash, a “time-based” cryptocurrency looks to change the labor market, and Wall of Coins is assimilating Dash support. Want to catch up on your latest altcoin news? Read the stories below. ZCASH. ShapeShift.io has integrated Zcash into its exchange platform, giving customers newfound access to Zcash trading and selling. ShapeShift’s CEO and founder Erik Voorhees expressed enthusiasm over the move, stating: “Zcash finally fulfills an early promise of bitcoin technology – the ability to transact freely and privately with anyone in the world. This protects the right....
Monero is on the rise, demonstrating a 10% increase over the past 24 hours. Overhyped ZCash however has declined significantly over the past two days, decreasing by 54% yet again. Despite mainstream media attraction and substantial investment involved, it seems as if the market and community have chosen Monero over ZCash as the anonymous digital currency. While the rapid decline in the value of ZCash came as a surprise to some investors, it was expected by the majority of experts and high profile traders in the cryptocurrency investors that have criticized the controversial launch of....