Zcash has recorded a more than 20% increase in price within the last 24 hours.
Ali Martinez believes that the next stop for the coin is $750.
Ansem on X thinks that this pump should be Monero's, not Zcash’s.
Popular crypto analyst Ali Martinez has predicted that privacy-focused coin Zcash ZEC$717.924h volatility:33.8%Market cap:$11.92 BVol. 24h:$3.89 B
would hit $750 soon. His statement comes as the digital asset continued its upward rally in the wake of Nov. 7. It has recorded gains in double digits, but there is no certainty of the direction that ZEC will take from its current level.
ZEC Price Records More than 360% Growth in 30 Days
According to CoinMarketCap data, ZEC is currently trading at $622.41, with a 20.31% surge over the last 24 hours. This price action, including a 24-hour trading volume rally of almost 10%, is a reflection of the massive rebound in the Zcash ecosystem.
Nevertheless, a projected $750 price level is still quite a distance from the current $622, but at the same time, it is achievable. In the last 30 days, this crypto has appreciated by 360%, leaving many traders in utter disbelief.
As of Nov. 3, the privacy coin traded around $390 after consolidating from its recent high. Hence, the current price is more than an 80% rally within 4 days.
On one hand is Ansem on X, who does not think that Zcash deserves the attention it is getting, especially in comparison to Monero. He noted that this should be Monero’s pump, and not ZEC’s, which he hates.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.