Zekash Defense Delivery Smokers – What’s Next for ZEC Price?
Zcash (zec), a once-obligatory coin, is back once again. In the fearful market conditions in October, it has become one of the resources that investors are watching closely.
The phone also received a big update: the protection pool has been updated with 4.5 million ZEC. What does this mean? How does it affect the price?
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Evidence shows interest in zcash
ZCASH (ZEC) recently hit a big defeat – the pool of 4.5 million ZEC, according to the data of Conometer.
In a period of three weeks, about 1 million zec moved into the protective pools, the price of ZEC was five times higher. However, instead of selling the profits, users continued to transfer their coins to protective wallets.
The communication that takes care of zcash with the addresses of the issue (T-Adivies) is the process of transmission (Z-ADISICES or U-Addresses). This hides transaction details such as sender, recipient, and amount.
The technology relies on Zk-zarks to ensure privacy without compromising the overall transparency of Countchain. The growing number of users who take care of the boat reflects a strong confidence in the project and its personal technology.
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“See the token-Zikash price relative to the ZEC price. Do not sell ZEC.” Joshua Sawaria, CEO of Electric Coin said.
What does this mean for the price of ZEC?
The expansion of the protected pool is based on the provision of the distribution system. Coins with shields are made for a longer period of time than those that are normally held.
According to Comakyo data, ZEC's total summer supply is 16.34 million, of which 4.5 million is in pools. This is approximately 27.5% of the supply, and the figure continues to rise. This variable has a significant impact on the price, especially if demand increases.
Victor described that a developer in the Zukash ecosystem is a sign of true adoption rather than considering the phenomenon.
“Standard Crespto behavior: Pump → Duffad. Zuz → Shield → → Shield → Rodl. This is not speculation. – Victor said.
Some analysts who have looked at recent Bitcoin reports have predicted that ZEC will go above $60,000.
This puts investors on the commodity community forecasting platform to hit $700 before November.
