Although ZCash lost almost -97% of its total value since making it to its all-time high, obviously not at its peak of glory with the current state of the market, ZCash is gaining some serious momentum with the most recently added trading pair on Bittrex and the new listing on BitPanda, now being more exposed to potential investors.
ZCash is also dropping on a YTD chart and by over -40% against the fiat, however, some would say that the Coinbase announcement exclusively mentioning ZCash alongside with Stellar Lumens (XLM), Basic Attention Token (BAT), 0x (ZRX), and Cardano (ADA) is still affecting the currency in a positive connotation, especially now when Coinbase free submissions seem to be the main topic of headlines in the cryptoverse.
With the latest rebound in the marker, ZCash is doing more than well with rising almost 5% against the fiat in less than 24 hours, but can we see ZEC spiking up “hardcore” style by the end of 2018 and the beginning of 2019?
ZCash (ZEC): Can the Well-Known Privacy Coin See a Spike by the End of 2018?
More than a month ago, on September 11th, the team behind the well-known privacy coin, ZEC, announced one of their most important updates to the network by far, called Sapling.
Sapling is easily one of the most talked about technical developments of ZCash so far, having the team announced the update to take place on October 28th, which is at this point only several days away, making this case into a much-needed form of a price pump for ZCash.
Talking about price pumps, ZCash is somehow managing to acquire positive returns on its weekly chart, going up by almost 8% against the fiat thanks to the latest rebound of nearly 5% in the last 24 hours.
However, the current pace of growth in the market doesn’t seem to be enough for ZCash in order to truly thrive at the end of the year which is only two months away at this point.
The closest price that ZCash could touch with the current pace of growth starting from the price of 125$ the crypto is currently being traded at, might be 200$ by the end of 2018, and this is only the case if ZCash suddenly acquires an obvious bullish pace against the fiat.
For now, the most realistic value in the course of the next month would be 150$ thanks to the honorable mention from Coinbase exchange which is seriously considering one of the greatest privacy coins for a listing on this exchange, as well as the newly added trading pair for ZEC with USD on Bittrex.
ZEC was complimented with yet another listing on BitPanda in the meanwhile, and since the crypto is expecting one of the most important updates of ZCash roadmap in 2018 which should extend the privacy of an already reputable currency in the domain of “privacy coins” such as Monero (XMR), ZCash might be looking at a spike very soon.
Coinbase Listing and Sapling Update Could be the Major Price Boost Factors behind ZCash (ZEC)
Sapling should bring more privacy to the network alongside with bringing more efficiency to the platform by providing shielded addresses for ZEC users, which could ultimately bring the value of ZEC up, already visible in its latest rebound against the fiat in the last 24 hours.
Moreover, even though Coinbase opened the exchange for free listing submissions for all cryptos at the end of September, the fact that Coinbase mentioned ZEC separately in their official announcement that came months earlier provides additional momentum for ZCash.
ZEC could utilize the most recently acquired price boost factors in order to thrive against the fiat in the next couple of months, hopefully being able to breach the barrier of its current price and push its value up towards 200$.
ZCash made it to its record price back at the beginning of the year of 2018 when one unit of ZEC was close to the value of 900$, but at the current pace of growth it doesn’t seem that any of the currencies have many chances of getting back to their all-time highs by the end of 2018.