For the past 10 years, we have been constantly hearing about cryptocurrencies and their value, which is prone to daily changes. While uncertainty carries with it risk, it also carries some excitement. Cryptocurrencies are digital money and have only a virtual form. Nevertheless, they have their values kept safe in digital wallets. Although bitcoin is the most famous among them, there are many others worth mentioning and investing in. You’ve probably heard of Ethereum, Ripple, Monero, Neo, Litecoin, and many others, but have you heard of Zcash?
What is Zcash?
Zcash, a decentralized open-source cryptocurrency launched in late 2016 and looks promising. “If bitcoin is like http for money, zcash is https,” is how this currency describes itself. Zcash offers privacy and selective transparency of transactions and claims that, like https, it offers additional security or privacy because all transactions are recorded and published on the blockchain, but details such as the identity of the sender, recipient, and quantity remain private. Zcash also offers its users a choice of “hidden” transactions, which allow content to be encrypted with advanced cryptographic techniques.
The current value of Zcash depends on supply and demand. It is influenced by several factors, including the psychology of market participants and geopolitical events.
The value of Zcash naturally grows when more and more people expect a price increase in the future and are willing to buy the currency at ever-higher prices. On the other hand, the Zcash price falls when more and more people expect a price drop and are willing to sell at lower prices.
The Zcash price is the meeting point between the purchase order and the sale order. Buyers who do not have an urgent need for Bitcoin currency are most interested in buying at the lowest possible price, while sellers who do not have an urgent need for profit are most interested in selling at the highest possible price.
In such a scenario, buyers place an order to buy Zcash at a lower price than the current market price, while sellers place an order to sell Zcash at a higher price than the current market price.
Like Monero, Zcash is a currency that sticks to privacy but completeness. Their policy is simple – why would anyone know how and where you spend your money? They expect to attract not only big businessmen but also ordinary people. You deserve to be the only person who knows what you’re spending it on, and Zcash is the digital currency that promises you that. On Fireblocks you can find more information about this young and profitable currency.
The main theme in the crypto world of the last few days is certainly Enjin Coin who has achieved the biggest partnership in the history of cryptocurrencies with Samsung. Namely, Enja’s wallet is integrated into the Samsung S10 mobile phone and that is the main reason for this sharp rise in cryptocurrency from only 3 cents to today’s 17 cents, and at the peak, it reached 20 cents. All this happened in just 15 days and such a large growth could not go unnoticed.
Samsung plans to sell the S10 model in 40 million copies, which means that 40 million people will own a wallet and be able to pay with it via cryptocurrencies via Samsung Pay.
The goal of this cryptocurrency to become the most useful cryptocurrency in the industry is a bit unrealistic, but it is not impossible. Enjin is a cryptocurrency that is associated with gaming and the target audience there is less, or at least less paying power, than with those cryptocurrencies that are paid for. Therefore, it would be very difficult for them to become the main cryptocurrencies, although as written above, the partnership with Samsung could expand their cryptocurrency operations and make it one of the main cryptocurrency payments. Time will tell, but Enjin is certainly well ahead of many blockchain projects due to the number of users, which is why he is included in the article.
Dash (originally also known as darkcoin) is a more secret version of bitcoin. Dash offers more anonymity because it works on a decentralized network that makes transactions almost impossible to track. Launched in January 2014, dash has gained many fans in a short amount of time. This cryptocurrency was created and developed by Evan Duffield and can be mined by processors. In March 2015, darkcoin was renamed dash, but that did not change its technological characteristics. Anonymity and the possibility of using DASH as a daily payment instrument allow this altcoin to be stable in the TOP-5 capitalization of cryptocurrency. The progressive network development system, the high level of protection, and the unique distribution of rewards among the participants provide unlimited opportunities for the growth of this cryptocurrency rate.
As blockchain technology continues to expand its polarity, more and more projects are emerging to take advantage of the system, one of which is Cosmos. However, unlike other altcoins on the market, Cosmos aims to address some issues regarding the scalability of different blockchain platforms and their ability to interact.
Although the token is currently on the cheaper side of about $ 5 apiece, Cosmos could experience a wave of investor interest if it manages to pull off its ultimate goal of connecting blockchain chains, potentially opening up whole new methods for technology to function and interact.
All this leads us to the conclusion that Bitcoin as the most valuable currency is not the only one worth investing in. Many others are worth mentioning. However, one thing is the same – whatever cryptocurrency you choose, you have to enter wisely and be patient. The recommendation of experienced investors is to invest in several different currencies to reduce the loss in the event of a fall in the value of a particular. It is also important that you have a secure krypton wallet and that you approach platforms carefully because there are many scams that many investors are unfamiliar with.