Is The AltCoin Rally Charm Working On ZCash?

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
Is The AltCoin Rally Charm Working On ZCash?

  • ZCash has been a rough rider in the recent rally that took place emerging and marking new highs last week.
  • Zcash has increased by 3.45% against USD trade pair with a market cap of $478,376,127 and a 24-hour volume of $664,625,707.

ZCash has been a rough rider in the recent rally that took place emerging and marking new highs last week. Nonetheless, it also falls under the category of falling under all-time lows consecutively. It reached an all-time low this year.

It comes out like a miracle for the Zcash to be trading so good with serious bullish momentum along with the equal activity of buying and selling from Zcash enthusiasts.

There is a more significant number of engaged followers buying Zcash to support its rise further in value with USD pair.

The eye-catching trade of coin with USD pair occurred yesterday, where the continuous support of buyers kept Zcash on its feet, pushing the boundaries of new highs and is continuing to do so.

ZEC is following the trend of opening the day trade with a new high and closing the direction with a new low for the day.

It has been a continuous trend for the coin from the past two weeks, and this continuation will supposedly pave a path for a new Bullish environment as it did back two years ago.

Zcash’s bullish trend

As portrayed above, Zcash’s bullish trend upheld by its reliable buyers and investors; this buy might caused due to the trend of “Buy the Dip.” Where investors buy the cryptos when they reach a low value in the market trade and wait for it to reach the new high, this could have triggered the bull run on Zcash for this week.

As of yesterday, ZEC/USD pair has gained by 5.80% overall and places the trade at $53.04 as of yesterday, the 24-hour trading volume of Zcash stands at $481,059,267 with a market cap of $454,536,360.

Zcash has increased by 4.21% against BTC trade pair with a market cap of 53,255 BTC and a 24-hour volume of 73,628 BTC. However, yesterday’s change saw a bearish level with a decrement of $3.89, standing at -7.09%.

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