coin shows its true value on poloniex
True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading.absolutely disagree. there is a big difference in the "break even point" for miners and the real zec value.
most importantly is that a) about 214,000 zec is bought for only $4.6 per zec by the first investors, b) another 132,000 zec is bought for $15 per zec, and c) the amount of zec available will increase fast which lowers the price.
With current prices investors get a insanely high roi by selling coins, and dont forget about 20% of all mined coins go to the investors.
im not saying they will sell all, but you must be a crazy investor to not secure at least part of your giant earnings.
and value is always based on ask/demand. therefore looking at the above im prety sure real value for coming months will be somewhere around $25 - $50 usd or so, maybe $100-$250 over time in case it gets popular or when it gets hyped or pumped.
if i had to guess we will see a price of 0.05 and 0.1 btc sooner then you think.
hehe thx for voting
but it will be a fun coin to watch whatever happens. and another possible option for it to rebounce a bit again is when investors have a floor in mind. you have seen this with other coins like paycoin. investors tried to manipulate the market by placing huge btc floors and pumping the coin by buying and selling to themselves.
bot ok, thats pure speculation, but wherever big money is involved extra factors always begin playing a huge role.
The higher the price of the coin, the more btc you need to set a floor.
If 3000-4000 zec is being mined per day, at this current price you need 1200-1600BTC PER DAY to create floor