Investors have reasons to smile this week as a bullish trend returns to the market. The previous Investor Insight article talked about ‘buying the dip.’ While the markets were falling we said that it can be both a gloomy moment and a time to invest and buy when token prices are low. After the overarching declines since the month started, there was a rebound that kicked off mid this week. The recovery is, however, not synchronized for all the coins and the altcoins. Some are still struggling under heavy selling pressure. In this article we will be looking at VeChain (VET) and Zcash (ZEC) and why you should be investing in them at this point in the market.
VeChain Thor (VET)
VeChain is the 18th largest cryptocurrency in the market with a market capitalization of $808 million. It is currently trading at $0.0145 after a 39% increase in value in the last 24 hours. The asset has a trading volume of $84 million at the time of writing. In addition to that, CoinMarketCap shows that it has a total token supply of 86,712,634,466 VET and a circulating supply of 55,454,734,800 VET.
What is the project about?
VeChain is a cryptocurrency that has been designed to “leveraging on blockchain technology. VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable.”
It focuses on harnessing the power of the blockchain technology and connecting it to the real world. It does this by holistically providing a governance framework and a robust economic model that seamlessly integrate with the Internet of Things (IoT). It is also a platform for building decentralized applications.
Why Invest in VeChainThor
Although VeChain is a relatively new digital currency, it has already released its mainnet. Moreover, the token migration to VeChain Thor Blockchain has been completed successfully. VeChain Thor (VET) has also been rebranded from VeChain (VEN) to mark the beginning of a new ecosystem. In addition to that, the team has recently launched the VeChain Thor Mobile wallet for both Android and iOS.
Zcash is exchanging hands at $143.29, following a 1.39% rise in the last 24 hours. It has a market cap of $658 million and CoinMarketCap ranks it at the 20th position. Its trading volume stands at $54 million and the network has a circulating supply of 4,494,531 ZEC coins.
What is the project about?
Zcash is a privacy-focused cryptocurrency platform. Unlike other cryptos like Bitcoin that leave the users information in the public for all to see, Zcash strives to protect the users’ information an transactions while utilizing zero knowledge cryptography. The website describes Zcash as a:
“Decentralized and open-source cryptocurrency that provides strong privacy protections.”
When transacting on Zcash protocol, the senders’ identities, value, and even the recipient data are shielded and hidden. In addition to privacy, the platform is pioneering the development of new applications that execute using the zero-knowledge-proofs as well as cutting-edge-cryptography.
Why Invest in Zcash?
Zcash gives you the opportunity to invest in decentralized privacy. From 2016 the platform set the pace for privacy-focused coins in the market. It is available for trading on more than 20 crypto exchange platforms. It has also launched the much-awaited Sapling compatible version, Zcash 2.0.0. See the details here. Moreover, the crypto has a very supportive and vibrant community that believes in the future of decentralized privacy digital coins.