One of the best ways to make money in the crypto is investing in coins that have the good news. Some news that tends to raise the price of crypto is associated with the Exchange. In many cases, whenever there's news about the list of new exchanges, prices tend to rise. ZCash were in the midst of such current news. Today, ZCash will begin to trade on the Exchange, Gemini, and is highly anticipated by investors.
Current ride ZCash volume, which is a good indicator that the price rise ZCash over days. The excitement around this list comes from the fact that Gemini is not just the usual exchanges, it's powered by twin Winklevoss, two of the most important personalities in the space. The bottom line, the fact that they have chosen to include it, send a message to investors that the people influential in the crypto trust in ZCash (ZEC).
Another factor that will push ZCash anytime soon, is the announcement by Lazy Pyramid, online retail company, that they will receive payment in ZCash. Though the pyramid is not that big, Lazy and news associated with it has no impact of the Amazon or other top online retailers, it is still an exciting news. That's because this is a pointer to the future potential of the retail spaces in ZCash online.
So what can we expect from ZCash (ZEC) in a couple of days ahead? Well, looking at the daily chart, ZCash traded in a range between 200 and moving average 100 days, with the average offer resistance 200 days. This is an indication of the consolidation phase, before the big breakthrough. After ZCash penetrate above the average movement of 200 days at price levels $362, we are likely to see a spike upwards towards price levels $400, which is another area of primary resistance. Transpiration above this level can see ZCash reached about $500, even though it is a long-term projection.
While ZCash can also penetrate to the bottom, the chances of this happening are pretty minimal. That's because 2 days ago, one of the largest exchanges in Japan Coincheck decided to delete privacy including ZCash coins. However, even after this event, the value of ZCash not down. It is an indicator that investors believe strongly in these coins. Privacy market is one of the more important now because the Government is increasingly becoming part of the crypto.
For example, a few days ago, Bitfinex announced that they would need information of clients for tax purposes. This will likely encourage more volume of coins toward privacy. Given that ZCash (ZEC) is one of the better known privacy coins on the market, its market share is guaranteed will continue to grow in the future. That is definitely one of the best cryptos to watch at the moment. The basics right!
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