that is what happens when people buy into the hype, the hype gets bigger and bigger and it helps the pump. people used to say Zcash is going to replace bitcoin,... in the early days and I admit it was interesting to see some altcoin finally more expensive than bitcoin but even then I knew it is not going to last long because a hype can only push the price up but is never capable of keeping it there.
Exactly. This happens usually when there is a new altcoin around the block, but as soon as people realize that it is nothing more like the others, then prices start to decline. Honestly, if it wasn't for the founder's reward then I think ZCash would've been able to gain more traction. But other than that, I prefer to invest into a ZCash fork or even the original Zcoin where I could get the same privacy features for less.
Still, it would be interesting to see what would happen to ZCash in the following months in terms of price stability. If it aims to provide solid development and innovation, then I think that it could survive the long term. Nevertheless, I'm glad that Zero Knowledge Proof technology has finally become a reality, and hope that it could be put out to good use for the future of cryptocurrencies. Just my opinion.
