This month we picked up Zcash as one of the top interesting cryptocurrencies from trading point of view. After months of consolidation, Zcash had given a breakout.
We first covered it on Dec 7 at around $320 levels as our top pick for good returns:
— InstaCoinNews (@InstaCoinNews) December 8, 2017
Soon after that Zcash crossed $400 on December 13, we had been bullish with $500 as the next target price:
— InstaCoinNews (@InstaCoinNews) December 13, 2017
Later during the same day, Zcash hit $500:
As per coverage, #Zcash hit $500 today
With support from bulls, it can move closer to $1000 following the footsteps of #ETH@zcashco @ZcashNews @mineZcash @ZcashTrust #Blockchain #fintech #money #investing #Crypto #bitcoin https://t.co/8yrsl5J11m
— InstaCoinNews (@InstaCoinNews) December 14, 2017
On December 17, we had posted a possible rally to $700 which was achieved as well with Zcash making a high of $720+:
— InstaCoinNews (@InstaCoinNews) December 17, 2017
After the brief profit booking phase in the Crypto market, all major currencies including Bitcoin, Ethereum, Litecoin, Monero, Dash and Zcash have corrected by 25-30%. Now, the recovery is happening and Zcash is trading comfortably above $550 level. The next rally is expected to take Zcash to a new high and we might be seeing a level of $1000 soon.