Zcash Price Analysis: ZCash (ZEC) has downgraded in the crypto market

Must Read

Bank Of England Claims That Cryptocurrencies Could Make Banking Systems Redundant And Useless

Bank of England, Deputy general, Jon Cunliffe stated that the rise of cryptocurrencies and stablecoins could result in...

Africa’s First Bitcoin ATM Card Launched By Patricia in Niegeria

First Bitcoin ATM Card unveiled in Africa by Patricia to streamline the interaction between Bitcoin and its users. ...

FCoin Makes Attempt To Rise From The Dead, But They’re Struggling

Cryptocurrency exchange, FCoin After reporting insolvency on February 27, is now making scraping attempts to get back into...
1574512079807
Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

At the time of writing this article ZCash (ZEC) was trading at $49.33 against the United States dollar (USD) and was showing negative and downward growth of -0.34 percent. The market cap of the coin was $385.89 million and the market supply of the coin was 7.03 million United States dollars (USD).

Nearly a week ago the coin was trading at $66 against the United States dollar (USD) but as you can see now the coin has fallen below the $55 mark c against the United States dollar (USD). The coin has shown a massive downward fall with respect to its price and the market cap of the coin has also fallen very noticeably.

ZCash (ZEC) is a very privacy-focused cryptocurrency and it is very popular among the altcoins as well as between the Crypto traders and buyers. The fall in the coin has come at a time when Coinbase UK, a cryptocurrency exchange platform which specializes in Ethereum, has delisted the coin.

The delisting of the digital currency by Coinbase UK has caused the ZCash (ZEC)  to tell its users to move the ZCash (ZEC) holdings, i.e., the ZCash (ZEC) digital currencies to other platform or to other digital currencies by August 26. The users who do not respond to this and fail to do so will have to see their ZCash (ZEC) digital currency being converted into pound sterling as soon as the deadline will be over. Note, that only the Coinbase UK users will remain affected and this move will not affect any other users.

Hot News

Bank Of England Claims That Cryptocurrencies Could Make Banking Systems Redundant And Useless

Bank of England, Deputy general, Jon Cunliffe stated that the rise of cryptocurrencies and stablecoins could result in the banking system running dry...

Africa’s First Bitcoin ATM Card Launched By Patricia in Niegeria

First Bitcoin ATM Card unveiled in Africa by Patricia to streamline the interaction between Bitcoin and its users. This proves a new platform...

FCoin Makes Attempt To Rise From The Dead, But They’re Struggling

Cryptocurrency exchange, FCoin After reporting insolvency on February 27, is now making scraping attempts to get back into the game. FCoin reported a...

Gilded Partners With TrustToken To Bring Payments On Stablecoins Backed By 5 Popular Fiats

Blockchain-based accounting solution start-up, Gilded has now partnered with financial infrastructure provider, TrustToken. This partnership hopes to be highly valuable and beneficial for...

Where will Bitcoin Head Post Bitcoin Halving 2020, Detailed Analysis

Bitcoin Halving 2020 is just around the corner and every enthusiast and market watcher are on their feet to witness the Halving. The...

Ripple Plans to Launch Third Party Cryptos on it’s Network – Ripple CTO

Ripple CTO, David Schwartz said Third-party cryptocurrencies can soon be launched on the networks of Ripple, said the company’s CTO. David Schwartz, was...

Africa’s First Bitcoin ATM Card Launched By Patricia in Niegeria

First Bitcoin ATM Card unveiled in Africa by Patricia to streamline the interaction between Bitcoin and its users. This proves a new platform...

FCoin Makes Attempt To Rise From The Dead, But They’re Struggling

Cryptocurrency exchange, FCoin After reporting insolvency on February 27, is now making scraping attempts to get back into the game. FCoin reported a...

Gilded Partners With TrustToken To Bring Payments On Stablecoins Backed By 5 Popular Fiats

Blockchain-based accounting solution start-up, Gilded has now partnered with financial infrastructure provider, TrustToken. This partnership hopes to be highly valuable and beneficial for...

Where will Bitcoin Head Post Bitcoin Halving 2020, Detailed Analysis

Bitcoin Halving 2020 is just around the corner and every enthusiast and market watcher are on their feet to witness the Halving. The...

RELATED NEWS

Bank Of England Claims That Cryptocurrencies Could Make Banking...

Bank of England, Deputy general, Jon Cunliffe stated that the rise of cryptocurrencies...

Africa’s First Bitcoin ATM Card Launched By Patricia in...

First Bitcoin ATM Card unveiled in Africa by Patricia to streamline the interaction...

FCoin Makes Attempt To Rise From The Dead, But...

Cryptocurrency exchange, FCoin After reporting insolvency on February 27, is now making scraping...