Nice spike indeed😎 20char
Great news about gemini. Do your guys think this spike is temporary or will stay and go to the moon?
we maintain +$200 million volume for around a week; zcash will moon… once we hit +$500m volume; zcash will mewn to levels nobody thought was possible.
Wow, just wow. Something big is happening for the first time. Zcash is refusing to obey the rules set by the Big Brother. I hope it is gonna last.
Link pls?
@kek - “mewn” - nice!
This high bumps never worked in our favor, hope people don’t just mass sell off. I hope this is not the case again.
May @kek 's words be gospel in this new crypto religion.
imo, 100% certainty coinbase lists zcash. only a matter of when.
I wish they could have waited a few months so I could have more ZEC mined.
What price do you think it would be after it hits Coinbase? I am guessing about $900. That would put it in line with Monero market cap. It looks like this gain is temporary.
really hard to offer solid speculation before seeing ZEC trade for real on gemini. being said, thinking we see +$1,300 (after a short time of actual trading on gemini starting on the 19th).
coinbase announcement alone would double the price, probably more than double.
after a year of trading on both gemini, & coinbase - ZEC ~ +$4-5K (being conservative so people don’t think i’m too crazy)
know i whine about emission schedule, but, in the very near future people will be realizing how rare zcash actually is.
Volume in coinmarketcap shows x10 in increase… is this it? Should we buckle up to the moon?
I thought you were complaining about the ZEC inflation before? If it goes up too much too fast ASIC’s will be more likely to get a monopoly on mining Zcash.
I like those numbers. I was guessing $900 at current overall crypto market cap. If it hits $2 Trillion then that will be about $4500, which is what you are guessing.
Of course for me the price speculation doesn’t do any good without a target date for it.
Personally I am targeting $700 ceiling in the last week of June - first two weeks of July. Leaning more towards July weeks as the last market spike didn’t actually happen in December but a couple weeks into January before exhausting.
My realistic price target was about $600, but the ASIC discussions were going to bring that down a little (I think we’ve already started seeing that down impact a little this week when we should otherwise have seen slight/mild gains).
That in turn has been off-set by the Gemini exchange announcement which I believe is big enough to more than compensate for that down. Good for ZEC price, bad for the ASIC discussion as it will likely get overshadowed.
I think good news will bring ZEC up in it’s market standing in the next month and a half but I don’t think we will see the same for the overall market (I’m being optimistic with a BTC target at around $14,000 June spike). However, i do see this being the high point for ZEC’s market standing for the year as the rest of the currencies (namely BTC and ETC) will likely see greater gains in December. But, I am targeting a $900-$1000 ZEC in December assuming nothing else rocks the boat.
Of course Gemini could change everything (for better or worse) as it introduces a government approved and licensed avenue for purchase and sell of ZEC directly for US$. Both NASDAQ and NYSE have expressed interest in opening crypto services/exchanges, if they add ZEC also then who knows (that arguably would be far more significant than Coinbase adding it).
A common misconception for ASICs is that if they get introduced, there will be more coins in the network. Block time is the same even if there are ASICs, distribution of the coin is different (more will go to the ASIC owners since they bring more sol/s).
p.s. I’m not for ASIC’s per say, I am for upgrading ZEC to it’s fullest potential with sapling.
p.s.s. Sorry for being off-topic. Also, please correct me if I’m wrong.
I’ve been reading about a partnership between Zcash and StarkWare Industries (started by zcash co-founders Eli Ben-Sasson & Alessandro Chiesa)… StarkWare is working on ZK-STARK. Are they going to launch their own coin, or will they implement ZK-STARK into zcash… or both?
Does anyone know?
24h volume - $494,000,000 - whoa nellie! That’s a flood of money into it. wow!
thinking once STARKs are ready to be deployed in the wild; zcash would be one of the first to deploy STARKs in the wild.