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What is Zcash Worth? As Price Tops $1,000 Traders Remain Unsure

CryptoMarketer

Active Member
This digital currency is way overpriced!

Days after the launch of Zcash, the cryptocurrency markets are still attempting to value the newly released digital currency (ZEC).

While 1 ZEC is trading at roughly twice the price of bitcoin (1 ZEC was worth 1.91 BTC, or $1,388, at press time), this means movements have calmed since tumultuous early trading sessions.

But with limited supply and high demand still propping up prices, digital currency traders largely say Zcash has a long way to go before it becomes less of a speculative investment...

Full story:
http://www.coindesk.com/what-is-the-value-zcash-market-searches-answers/
 

CryptoMarketer

Active Member
but it will make a come back
I hope you're right. I know a lot of people at this point have lost a lot of money on Zcash.

I think ICOs are not a good thing for the digital currency industry. So many of them have been introduced and their prices have collapsed within days of them being issued. I think this hurts peoples trust in digital currencies.
 

admin

Administrator
Staff member
But zec hadn't an ico done
But it was hyped so much that it's initial price was sky high
If it goes stable for an year and people started using it equivalent to btc then it will have good worth and could be more than btc, provided it remains stable and no bugs arise.
 

CryptoMarketer

Active Member
But zec hadn't an ico done
But it was hyped so much that it's initial price was sky high
If it goes stable for an year and people started using it equivalent to btc then it will have good worth and could be more than btc, provided it remains stable and no bugs arise.

I agree with you. I think Zcash is a great innovation. Hopefully it's price will stabilize soon.
 

CryptoMarketer

Active Member
Today a Zcash is worth $87.00. That's way down from it's high of $4,000.00 a coin on October 30th. That's a loss of about 98%. Could you imagine losing that much money on something in less than 3 weeks?
 

admin

Administrator
Staff member
That over pricing was due to the much hype around Zcash launch. It will find its true value in next two months
 

CryptoMarketer

Active Member
That over pricing was due to the much hype around Zcash launch. It will find its true value in next two months

I remember about a week after Zcash came out that its available supply of coins was around 6,000. Now it's available supply is over 110,000. I hope the developers of the currency stop adding coins to its available supply. It's obvious they're trying to keep its market cap high but they need to do it in an honest way.
 

admin

Administrator
Staff member
The supply gets bigger and bigger day by day in a controlled manner until it reaches max supply.
Well the price will depend on its supply and demand.
I Hope zec will get stable in couple of months and will find its base price by then
 
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