Re: [ANN] Zcoin - The Zerocoin cryptocurrency, guaranteeing financial privacy
@trapsy
many ways you can interpret it. But there's a lot of FUD out there about Zcoin being a fork of Zcash even from people who should know better. I think this has been dealt with in the OP and many times in this thread too.
There's also a lot of AWS miners who are using cheap AWS credits to mine these and it's still profitable to sell for them thus creating negative price pressure in the short term though there are indications that many of their AWS instances are being terminated (yet to be confirmed).
You have to also realize that Zcash also massively dumped from the beginning
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I think we have yet to determine the price correlation of Zcash vs Zcoin but i think the simple fact is that there's still not enough exposure of what Zcoin represents and how it offers benefits over Zcash. Zcash is indeed the hot item right now with huge volatility and with BTC's price rise, it's not beyond the realm of imagination that XZC's price will suffer.
many ways you can interpret it. But there's a lot of FUD out there about Zcoin being a fork of Zcash even from people who should know better. I think this has been dealt with in the OP and many times in this thread too.
There's also a lot of AWS miners who are using cheap AWS credits to mine these and it's still profitable to sell for them thus creating negative price pressure in the short term though there are indications that many of their AWS instances are being terminated (yet to be confirmed).
You have to also realize that Zcash also massively dumped from the beginning
.I think we have yet to determine the price correlation of Zcash vs Zcoin but i think the simple fact is that there's still not enough exposure of what Zcoin represents and how it offers benefits over Zcash. Zcash is indeed the hot item right now with huge volatility and with BTC's price rise, it's not beyond the realm of imagination that XZC's price will suffer.