Since Zcash launch, prices have been around the $1000+ mark, however after a few days the price has gone down, and I think that it will continue to do so for the following days until it reaches the total supply of 21 million coins.
In my own opinion, Zcash has been overvalued, (considering that there have been privacy oriented altcoins before like Monero) and the fact that Zcash does not enforce anonymity by default (unlike Monero), it makes me wonder whenever Zcash would be a good investment or not.
If there is one thing that I don't like about Zcash, is the fact that it is behind a company, as well as having a sort of premine called Founder's reward, which seems kind of fishy to me.
Please let me know what do you think about this.
Their biggest drawback is the founder's rewards,and the anonymity,this coin is over hype,zcoin is a much better version I prefer the later than the former..In my own opinion, Zcash has been overvalued, (considering that there have been privacy oriented altcoins before like Monero) and the fact that Zcash does not enforce anonymity by default (unlike Monero), it makes me wonder whenever Zcash would be a good investment or not.
If there is one thing that I don't like about Zcash, is the fact that it is behind a company, as well as having a sort of premine called Founder's reward, which seems kind of fishy to me.
Please let me know what do you think about this.
Soon this coin will lose hype and we will see it's real value.
The founders reward spread apart the total number of developers is really not bad compared to the major premine hoarding that other larger coins have had. The developer bonus phase is also for a limited time anyway. Given the total circulation and scarcity of the coin, it really is not that bad. It's not a bad thing for devs to have a decant supply of the coin themselves because it gives them motive to keep their project running Andy in value. Worst part if a group of people can all dump at the same time if it offers a profit but that can be said with so many other coins right now anyway
I am however curious about what the alternatives offer be side's no dev fee. All in all I don't think ZEC is unique enough to actually overtake everything else but I'm curious because its not a bad coin on its own and unlike the others it isn't all owned by a few whales who got in early. It's been mined by everyone and the only unknown is who is buying it as many keep dumping.
I don't see Zcash sticking around for long. I see a lot of negativity in it . First It is not open sourced and then There's founders rewards to deal. People are not too comfortable with all these. Currently The price is controlled heavily by whales. Majority of the fanbase of Zcash are miners.