ZCash ispresentlytradingaroundsensiblelevels. However, thereare afew factorsonthe basis of whichit’spropelling forward.Within thelastsixtydays, the performance of ZCash [ZCH] has been comparatively better compared toseveral othercryptocurrencies.Whilemost ofthe othercryptocurrenciesarestruggling, ZCash seems to have reallyamassed some gains.
Themajor threefactorssupporting this growth are as under:
1. Listing On Gemini Exchange
The Winklevoss twins Cryptocurrency exchange ‘Gemini’ has became a prime factor in the price hike of ZCash [ZCH] as observed. After the announcement of the Gemini exchange to list ZCash, the daily volumes of ZCashhave far more improved. Any listing onaplatformin an exceedinglycomparativelylesser-known cryptosinvariably increasethe volumes. Withthe riseof trade,the worthof the cryptocurrencyadditionally increases.This can bepreciselypredictedwhat’shappening with ZCash. Withthe assistanceof this listing, notsolelythe market cap has increased but the liquidity in ZCash [ZCH] hasadditionally beenhiked. As a result,the worthof ZCash is increasingconsiderably. Also,it’sup byvirtually40%within fewweeks.This can bea transparentindication thatthere’svital investment in ZCash.
2. Overwinter Hard Fork
Zcash [ZCH] underwent a previous hard fork earlier in the mid of this year. Currently it’s trading considerably higherfrom the lows as the developers hard forkedthe entire network. The name of theHardforkwas namedOverwinter. However, onepossibilityisevidentlythatthis assistanceofhardfork, created adding a worth for the investors. Oncefurther morevalue gets created for the investors,it’llbe easier for the investorsto receive richdividendsas well.This is also additionallypropellingthefurther more trading of ZCash.
While re-analysing the price of ZCash [ZCH] since from May 2018, it’s clear that Zcash is approximately up by more than 40 %. As a result,additionalinvestorsareconsidering of investingin ZCash.which in turn isgeneratingextravolumes. With theseextravolumes,it’llbecome easier for ZCash to propel forward.This can beprecisely expectedwhat’shappening. With this new listing,automaticallynewer volumesarebeing generatedthatis helping the cryptocurrency.
Further looking at the movement of ZCash [ZCH],its howeverappears likethis momentum is hereto stay. At the reporting time, ZCash is presently trading at a price of $122.439 USD which is 0.18% lower than yesterday.