Zcash price charts show growth prospects. Grayscale has released an investment thesis, a document that explains in an accessible way the reasons for choosing this cryptocurrency, Fortune reported.
Zcash coin news
Current letizo.com coin news — one ZEC to USD could be worth more than $60,000 by 2025. But this hypothetical scenario has a serious warning. Beck predicts such a price if about 10% of all offshore savings are held by 2025, and if 1%, the rate would only be $6,000.
These estimates of the future price of ZEC are purely hypothetical and are initially based on the assumption that the price of ZEC will rise. There is no guarantee that such price targets will or can be achieved.
Listed below are the reasons for such a dizzying estimate value from Grayscale. And we also recommend following AAVE coin news at letizo.com.
Similarities to bitcoin
The first reason is that this cryptocurrency is “not trying to reinvent the wheel.” In its publications, the team brags about keeping “what bitcoin has done right.” This wording includes various aspects of the economic model (limited supply, disinflationary) that make token the potential equivalent of digital gold, as well as the benefits of blockchain technology.
Team has developed an advanced technology called zk-SNARKs, which allows everyone to verify the authenticity of financial transactions while keeping the parties and transaction amount secret. Grayscale believes this technology offers a better blockchain compared to bitcoin, where all this data remains visible.
An additional benefit of anonymity is that it allows every token to be swapped for any other token of that cryptocurrency. So-called private transactions give users the ability to hide the details of their payments and therefore prevent anyone from tracking the coins. You can also consider AAVE to USD for investments.
Zcash (ZEC) is based on the bitcoin code, but is not a fork of it. ZEC’s supply is limited to 21 million coins, and every 4 years the Zcash network undergoes a halving process, which halves the reward for a mined block.
The main technical feature of Zcash is using Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK). This allows transactions to be confirmed without disclosing additional information and makes using the cryptocurrency completely anonymous.
Therefore, we recommend considering this project for long-term investments.