Zcash is currently trading at reasonable levels. You may find many reasons for the same. During the last two months, the performance of Zcash (ZEC) is being compared to many cryptocurrencies. The international price of most cryptocurrencies is stagnant. On the other hand, Zcash has gained in terms of price. There are some factors due to which the price of Zcash (ZEC) has reached immense heights in the international market.
It is precisely happening with Zcash; previously the market of this cryptocurrency was small. When Zcash got listed on the exchange, then its market cap, as well as liquidity, increased. The price of Zcash (ZEC) is up by around 40% in the last few days. These conditions indicate that many people are buying Zcash because they trust the fundamentals of Zcash.
Hard fork might be coming up
Zcash (ZEC) is going to introduce a hard fork. It will help to increase the market cap. The new name of the hard fork will be known as Overwinter. The exact launch date of the hard fork is still unknown. Most currency traders are trading in anticipation of the same.
Due to this reason, the demand and importance of Zcash (ZEC) are increasing day by day. The higher profit is giving more impetus to Zcash, and this is attracting more investors to Zcash.
Zcash (ZEC) price and volumes
Zcash is expected to show some rally in the year 2019. It is further giving impetus to the Zcash volumes. The higher the volumes, the greater will be the price movements. The new listing on cryptocurrency exchange is generating additional volumes as well.
The above 3 are the prominent reasons due to which the value and market cap of Zcash is increasing. We are yet to see if this momentum dies down or continues further but looking at the current market conditions, the price movements are expected to go in green.