Price Speculation

Going by the historical data from Coin Market Cap, the future of Zcash looks somewhat bleak. Here is a comparison of Monero to Zcash on August 15 from 2017 to 2019.2017

Trading Zcash for USD looks pretty good compared to Monero in 2017.

Zcash still doing better than Monero in USD trade value in 2018.

This is a screenshot of Kraken taken at 5:45 PM EST August 15,2019. Zcash is 30.94 USD below what Monero is trading for. Zcash trades for 0.002993 less Bitcoin than Monero. Going by this pattern, the future of Zcash in 2020 does not look promising.

I got 13 coins of Zcash left in case of a serious pump but I am so happy that I sold off most of my holdings when this coin went Asic friendly. With the majority of the hashrate coming from Chinese miners who sell off as soon as they can and the current funding debacle that makes this coin look more like BitConnect than Bitcoin in regards to public perception, things are not looking bright for the future.

I wish those of you who held on to your coins the best of luck. Maybe this coin will rise again but I am not counting on it. Just out of curiosity, are Asic miners even profitable at current market price for people paying $0.10-$0.12 USD per kilowatt in electricity?

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