Why is ZCash a likely WINNER in the Cryto Space? 1. Zcash has the true ideals of digital moneyThe goal of cryptocurrency is to replace fiat money and give control to the individual. That’s because, unlike fiat where your money is controlled by a central bank, in blockchain, you own the full rights. As long as you have your private keys intact, no one can take them away from you. While this is a good idea, most cryptos have one fundamental weakness, and that’s privacy. When you send Bitcoin over the internet, it is public, and pretty much anyone on the blockchain can see how much is being sent. That’s unlike the bank where only you, and your banker, know how much you spend. Zcash offers a solution to this problem. When you send money via Zcash, you enjoy the benefit of full ownership, plus privacy. All your transactions on Zcash are never exposed. This is advantageous in that it makes people comfortable in sending money through Zcash. As more people discover the privacy that comes with Zcash, usage will grow. This will play a huge role in its long term growth and makes it good crypto to invest in now. 2. Zcash has very low transaction costsOne of the factors that make cryptocurrencies impractical as currencies is the network fees. For context, sending Bitcoin right now is so costly that it is impractical in sending small transactions. The same can be said of Ethereum and many others. Zcash does not have this problem. Besides its highly advanced privacy features, Zcash has some of the lowest costs in crypto. No matter the number of transactions on the network, Zcash costs will always remain reasonably low. They are also quite fast. This places Zcash in a good position for adoption in the long run. Right now, businesses all across the world are incorporating crypto payments. As the excitement phase of it fades off, it won’t take long before consumers realize that costs are a huge impediment to transactions. This will play into elevating the adoption of Zcash in everyday transactions. With such strong prospects for adoption, Zcash is in a good position for value growth. That’s because the increase in demand will play into its price dynamics. With such good prospects, it makes a lot of sense to invest in Zcash now. 3. Zcash has a low regulatory riskPrivacy coins while highly innovative, are not loved by governments. Quite expected because they prevent them from viewing the activities of their citizens. In a world facing lots of complex problems like terrorism and the drug trade, it is quite expected that governments will only get bolder in their crackdown of privacy coins. Already a number of countries have been cracking down on privacy coins. A while back, Japan ordered crypto exchanges in the country to delist all privacy coins. The U.S, too, has been quite vocal in its opposition to privacy coins. Ideally, this should not affect the value of privacy coins. However, the reality is that cryptocurrencies derive their value from speculation. As such negative sentiments from regulators can affect their long term value appreciation, relative to the rest of the market. Zcash is immune to this problem to a large extent. Despite its highly advanced privacy features, users have the option of disclosing their transactions to a third party for auditing. This makes Zcash one of the best privacy coins, and at the same time, one of the most regulatory-friendly coins. This is an attractive feature that makes Zcash a good cryptocurrency to invest in now. 4. Zcash is immune to attacksA cryptocurrency is as good as its security features. Any cryptocurrency that can be compromised easily is pretty much worthless. As a matter of fact, any cryptocurrency that has ever been successfully compromised never recovers in value. That’s because its very essence of existence is destroyed. Zcash does not have this problem. It is one of the most decentralized cryptocurrencies in the market, which makes it pretty hard to attack. With Zcash, there is no central authority to attack and shut it down. Zcash security is enhanced by its use of a Proof-of-Work mining algorithm, and like Bitcoin, the network of miners has become more extensive over time. This means anyone looking to attack Zcash would need to raise a tremendous amount of hash power to attack it. This may have happened in the early days of the network, but at this moment, it is impossible. With such a level of security, coupled with its strong use case, Zcash long-term potential is quite high. This makes it one of the best cryptocurrencies to buy now and hold for the long haul. 5. Zcash caters for future growth needsOne thing that the last two crypto rallies have revealed is that most cryptocurrencies cannot scale. You always have a situation where a surge in transaction levels clogs up the network. The result is a decline in transaction speeds, while costs shoot up. Zcash is built to factor in this problem, and work efficiently at all times. It achieves this by having a very fast block time. Zcash has a 75 second block time, and a relatively large block size of 2 MB. On top of that, Zcash incorporates regular upgrades to the protocol. The idea is to keep the network running efficiently regardless of the network usage. It is a factor that will help the network scale efficiently over time, and that’s good for its value. That’s because, once users discover that it is a blockchain that is cheap to use, and fast regardless of the prevailing market conditions, its usage will rise. Essentially, this means Zcash has good prospects for growth over and above the speculative phase of crypto. This makes it a good asset to hold in the long run. 6. Zcash has a low coin supplyCoin supply is one of the key factors to consider when investing in cryptocurrencies. The lower the supply, the better the chances of value growth as demand rises. For context on how powerful supply is to the growth of crypto is, one simply needs to look at the price of Bitcoin. Bitcoin has a capped supply of 21 million coins. The mining difficulty has been getting difficult over time too. The result has been an increase in the demand from just a few pennies a decade ago to highs of over $64k in 2021. Zcash has a similar coin supply to Bitcoin. The maximum coin supply for Zcash is 21 million, while its circulating supply stands at 11, 772, 037. This means 56% of the supply has been mined so far. With such a low supply and ever-rising demand, ZCash could experience value growth in the long run. It is in a good position to hit the price levels of Bitcoin at some point in the future. This makes it a good cryptocurrency to invest in now. 7. Zcash is available on most exchangesZcash is one of the top creme cryptocurrencies alongside Bitcoin and Ethereum. This means it is available on pretty much all major crypto exchanges. There is literally no shortage of places to buy Zcash. This has a number of advantages that play into its long term growth. The first one is liquidity. Since Zcash is readily available, there are millions of people buying and selling it at any given time. The result is that the price is always stable. It may rise and fall with the rest of the market but there are no random spikes in value from individual trading activity. This is an important factor because it is key to drawing in big money. No big investor would dump millions of dollars on crypto with no liquidity. Aside from drawing in institutional money, availability on all major exchanges makes it attractive to new crypto investors. This makes it one of the best cryptos to hold now that the market is on the rise. It has already performed quite well so far, in tandem with rising crypto demand. Therefore, it is quite logical to hold this crypto now in anticipation of the future. 8. Zcash has an easy to use walletThere are lots of cryptos that do not have a functional wallet, and that in itself is a weakness. That’s because they have to rely on 3rd party wallets, and in some situations, 3rd party wallets. Zcash is one of those that have always had fully functional and easy to use wallets. ZCash’s wallet makes it one of the most complete cryptocurrencies in the market. That’s because, one can carry out daily transactions from this wallet, and also use it as secure storage for the crypto. It makes the crypto a complete ecosystem on its own. For context, someone looking for complete anonymity can operate from the Zcash wallet without having to expose themselves to an exchange. In the event they want to exchange their ZEC for any other cryptocurrency, they can always do so on a DEX. So why is this important? Well, privacy is probably one of the most important features in crypto. Besides the usual criminality that is usually associated with privacy coins, there are millions of people who love to keep their transactions private. This is especially the case with wealthy people who do not want public scrutiny. It’s a factor that will play a huge role in ZEC demand and makes it viable crypto to buy now in anticipation of value growth. 9. Zcash uses the most advanced privacy technologies in the marketLike other aspects of the crypto market, the privacy coins market is getting pretty crowded. There are tons of cryptos all angling to be the best in privacy. This may leave one wondering, does this dilute ZEC’s growth prospects in the long run? The answer to this is No. Zcash is probably one of the best privacy coins you will ever come across, and its tech is pretty much unmatched. Zcash uses a technology called Zk-Snarks. This is a short form for zero-knowledge succinct non-interactive arguments of knowledge. It allows one to prove that they are holders of private keys without revealing their information. Those transacting also do not have to inwith each other. The idea is that one can prove the validity of a random hash number without having to provide any other information beyond that. This technology makes Zcash transactions practically impossible to track down. This tech combined with the fact that Zcash is one of the best-known privacy coins in the market means its market dominance will remain for years. This makes it a good cryptocurrency to buy now in anticipation of more adoption. 10. Zcash is volatileVolatility is what makes any asset exciting and profitable. It’s the reason why no one, speculates on stable coins. You are always sure that it will hover around the $1 price. From this perspective, Zcash is probably one of the best cryptocurrencies to invest in at any given moment. Like the rest of the crypto market, it is highly volatile, and its up and down movements can make you good money. To better understand how volatile ZEC is, one needs to look at its price action from 2017 to date. In 2017, ZEC hit a high of over $800. Like the rest of the market, it crashed to under $100 in 2018. It has since recovered to trade at highs of over $300. From a trader perspective, this is very profitable to trade. Anyone who bought it in early 2017 made lots of money that year. Similarly, anyone short ZEC at its peak prices made an equally tidy profit. The same can be said of any trader that bought ZEC in early 2020. They are sitting on good gains right now. This volatility will keep attracting investors to ZEC, and this will keep up its demand long term. It’s an excellent reason to invest in this 11. Zcash has a transparent governance structureThe governance structure of a cryptocurrency is important to the growth of a cryptocurrency. This is what makes all the difference between a decentralized cryptocurrency, and centralized ones that are masquerading as decentralized cryptocurrencies. The most decentralized ones stand a good chance of making it big in the long run. That’s because they inspire investor trust. To better understand this, one needs to look at the price action of Shiba Ibu. Vitalik Buterin, the founder of Ethereum, holds about 50% of the total supply. Recently, he decided to donate a portion of his stash to India’s COVID-19 relief efforts. This tanked the price as investors were afraid that his move would flood the tokens in the market. Zcash does not have such a problem. Not only is the crypto ownership highly distributed, but the community guarantees that no single entity can ever take full control of Zcash. This is inspiring to investors and is an excellent reason to invest in this crypto with the future in mind. It stands to draw in more institutional players, a factor that will add to the demand pressure. 12. Zcash is benefiting from whole market expansionZcash is one of the cryptocurrencies that have benefited immensely from the current crypto rally. While its fundamentals are a factor in its price action, they don’t tell the whole story. ZEC’s recent price action has primarily been elevated by overall market growth. The crypto market has grown from under $200 billion to the current market cap of over $2.3 trillion. This expansion in itself is an excellent reason to invest in ZEC now. First, this expansion opened the crypto market to a much wider audience. In the early years, crypto was primarily dominated by cyberpunks. Then the 2017 rally happened and brought in lots of retail money into crypto. The current rally has played to bring the much coveted institutional money into crypto, and it has added lots of upside pressure to the market. Secondly, the entry of institutional money has opened up a world of infinite possibilities for cryptocurrencies. For instance, sophisticated financial instruments that are bound to add liquidity to the market are coming up. For example, ETFs are opening up the market in a big way, and investors seem to be embracing them quite well. This is quite evident in the Canadian ETFs that have attracted billions of dollars in a very short time. This is likely to keep adding to the demand and further expand the market. For crypto with the fundamentals of Zcash, this market-wide expansion keeps playing a positive role in the price action of ZEC. 13. Zcash is still nominally cheapIn one year, cryptocurrencies have exploded in value. Most coins have hit and surpassed their all-time highs, and some are now out of reach for most investors. For instance, Bitcoin at $60k is pretty much unaffordable to most people. So expensive that CoinMarketCap has split it into satoshis, and now has satoshis as a separate entity. Ethereum at $4k is also out of reach. For the lower-priced altcoins, a lot of them have gained so much in a very short time that the risk of a correction is high. Zcash is one of those cryptos that is still in a sweet spot at current prices. First, at $300, it is relatively affordable to a lot of investors who may desire to buy a full coin of quality crypto but cannot afford most of them. Secondly, Zcash is yet to hit its all-time high of $800. This means there is an upper limit that investors can use to understand its long term demand and supply levels. When taken in the context of an expanding market, and ZEC’s low supply, this is good crypto to buy now, and hold for the future. 14. Zcash has a perpetual funding mechanismIn 2020, the Zcash development kitty expired, leaving the crypto at risk of stagnation. That’s because, without money, the Zcash Foundation would die off. However, this all changed after the community voted to have a more sustainable funding mechanism. The community agreed that 80% of all ZEC issued going forward would go to miners. The remaining 20% would be given to the Zcash Development. It was also agreed that 8% of that 20% would go to a grant that would fund external developers. Essentially this means that Zcash will never run out of development fund. This guarantees progress and is an excellent reason to buy ZEC now. 15. Zcash is well-known in crypto circlesThere are lots of good cryptocurrencies that don’t get much attention in the market. That’s because they rank so lowly in market capitalization that they are pretty much invisible. This is not the case with ZEC. It ranks among the top cryptocurrencies by market capitalization. Zcash is also quite popular in the privacy coins alongside Monero (XMR). This means as new investors come into the market, it is one of the cryptos they will take note of, more so those looking into privacy coins. This means its price is likely to keep gaining so long as crypto interest remains high. |
From the beggining |
Where we are now |
Edit this text to make it your own. To edit, simply click directly on the text and start typing. You can move the text by dragging and dropping the Text Element anywhere on the page. Break up your text with more than one paragraph for better readability.
|
Edit this text to make it your own. To edit, simply click directly on the text and start typing. You can move the text by dragging and dropping the Text Element anywhere on the page. Break up your text with more than one paragraph for better readability.
|
Edit this text to make it your own. To edit, simply click directly on the text and start typing. You can move the text by dragging and dropping the Text Element anywhere on the page. Break up your text with more than one paragraph for better readability.
|