This coin seems to me not to be undervalued at the present time. But, as life shows us, everything can change very quickly. Therefore, it is necessary to follow the news.
Agree. Both positive and negative news can impact any cryptocurrency's value within a short period of time. While ZCash's value has been increasing slowly, it has remained relatively stable over the past months. It may not be undervalued right now, but it can become much more valuable in the long term as it continues to grow in development and innovation.
Still, in crypto land, anything can happen, so it would be wise to follow the charts every day, and read the news thoroughly to avoid making mistakes when buying or selling ZCash. Just my thoughts
Does this mean one should go for ZEN orther than Zcash. I also want to be clarified on something about the pre mine and founders reward. Does the pre mine mean they have possession of a large number of tokens in their control and can decide to dump it on the market at any given point in time or what exactly does the pre mine has that it's really this bad for the company?
While it is up to you to make a research on which ZK-SNARK based coin is best, in my own opinion, Zencash and Zcoin may be the most viable options to invest into today. When there is a premine, creators of the coin can decide to dump it on the exchanges causing a negative effect over the cryptocurrency's value in the long term. They would have possession of a large number of tokens within their control and they can decide to either make the project grow, or destroy it by dumping all the coins. In the case of founder's reward, it works like the premine with the only difference that all of the miner's earnings on the network would become "taxed" and that "tax" goes to the creators of the coin. Then they can decide to either make the coin succeed or simply fail.
That is why it is best to choose coins which have the same underlying technology as ZCash, but without the founders reward or premine. Hope this helps.
