0.2TBC must be a joke, the price can only come down, it is just a simple law of economics demand and supply. January a can see the price at 0.02BTC range
That is a more realistic prediction in my opinion. ZEC is at 0.0585 now and still dropping, 16% drop in one day. I think nothing can save the coin, even bots buying very small fractions of the coin at 0.066. Nobody will fall for that, people are smart nowadays.
Zcah worth 10$! Maybe 15-20$! All over 20$ isover priced!
Newcoins with same stuff offering coming that are under 1$! So why yse zcash for 20$ if you can use coin for 1-2$ fir anonimum transfer! 😜👍🏼
If that is the case, you should short the coins and make over 40$ each when it does drop to $10 or even lower.
I do not think the ZCash price will go that low.
Each time it drops, even when there are pumps, it keeps going lower every time. It's already at an all time low at 43$. At 35$, I'll stop mining it, if not before, and so will other "normal" people (by that I mean home miners who have like 2-3 rigs tops).
Maybe if people stop mining it, the number of newly generated coins will drop, creating a void in supply and price will rise again, but I don't think that'll happen.
I don't think it works like that. As far as I know the less people are mining the lower the difficulty becomes so basically the number of newly generated coins is not dropping when fewer people are mining. If I'm missing something here it would be great if someone would explain it better to me.