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.
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.
Zcash is an open sourced comparatively newly launched crypto currency, its secured, offers privacy and selective transparency.
However, commenting on its worthiness for investment is tough. So far its not sure shot bet for good profits. Though, investors are getting founder rewards, but according to me, investment to Zcash should be to the tune of 10-15% of the total investment.
Yes, theres a great team standing behind Zcash, so even founders reward is not an issue as for me. And I totally agree with you as for the profits, Zcash is not of the best coins for trading or investment, at least for short term. The usd graph - https://cex.io/zec-usd - is more or less stable, meaning that volatility is quite low. And this is not very good when you seek profit.