Home / Crypto Currency / ZCash Price Retakes $125 Level to Build Support for Next Bull Run

ZCash Price Retakes $125 Level to Build Support for Next Bull Run

A lot of interesting things are happening in the world of cryptocurrencies. With all markets still in the green, it has become apparent there may be a positive end to 2018 after all. Slowly but surely, all markets continue to move up every single day, and ZCash has reached $125 again. A positive trend which may result in even further gains later this week.

ZCash Price Surpasses $125 Again

The past few weeks have been pretty interesting for ZCash, especially in the price department. Considering how Zcash’s network upgrade – codename Sapling – has gone off without a hitch, one would expect there to be further price momentum by now. That hasn’t necessarily materialized yet, although there are some very promising market indicators moving forward.

In the past few hours, the ZCash price has increased by 4.4% in both USD and BTC departments. That in itself is rather promising, especially when considering how the value has hit $125 again for the second time in as many weeks. This is considered to be a major development for the altcoin, primarily because this price level can be quite crucial in the weeks to come.

One reason why ZCash will always remain relevant is because more and more people value their privacy and anonymity when it comes to cryptocurrencies. Together with the likes of Monero, Dash, and others, it is only normal the value of these currencies will keep rising over time simply because of their anonymous nature.

As is usually the case when altcoin prices rise, there will be arbitrage opportunities available. For Zcash users, it seems there are numerous options, which can yield an easy 1% profit for simply moving funds between different exchanges. Although not all of these platforms offer major volume, it is evident there are some opportunities to take advantage of regardless.

Based on the current technical indicators, it would appear there is some major ZCash price momentum brewing. Before any major developments can occur, the trendline will need to be broken in a significant manner, which might not happen in the coming hours. Even so, anything can happen in this industry, and Zcash may be on the verge of a big breakout to end the year on a high.

For the time being, one has to take the current gains in stride and see where the momentum leads in the coming hours and days. There is some positive momentum brewing, especially because its trading volume has surpassed $118m for the first time in a while. That alone is a pretty bullish signal first and foremost, albeit slow and steady will always win the race.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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