In the last few months, Bitcoin (BTC) has been consistently moving up. It is outperforming the Altcoins as well. Due to this very reason, the dominance of Bitcoin (BTC) is consistently increasing. However, there is another group of coins which is finally beginning to move. These are the coins which offer anonymous transactions. One such coin is Zcash (ZEC). It has already risen by a significant amount. The question which remains is if it can outperform Bitcoin (BTC) anytime soon.
Is it time for Zcash to join the party?
Upcoming resistance levels:
Till that period in time, it is very difficult for Zcash (ZEC) to outperforming the Bitcoin (BTC). Bitcoin (BTC) has risen all the way from $ 3000-$ 7300. It has touched $ 8000 as well. It clearly indicates that in this very year alone, Bitcoin (BTC) has more than doubled. Bitcoin (BTC) has done so on the back of heavy volumes. It clearly indicates that the rally might be here to stay. Even though it has fallen somewhat from the peak, but still, it offers stellar returns on a year-to-date basis.
While Zcash (ZEC) might not be able to outperform Bitcoin (BTC) soon but once Zcash (ZEC) crosses $ 80, it might move up in a swift manner which will help it rise by a significant amount to accidentally. If you’re looking to get Zcash (ZEC), it would be a good idea to keep a watch on this level and then make a decision accordingly.
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