ZCash listed on Gemini! Next move?
ZCash is great tech and was listed this morning on gemini.com, one of the best and most legit exchanges out there! So what is next? Well lets look at the price first:
The price of ZCash relative to Bitcoin is nearly flat (+0.81%) and only slightly down relative to USD (-3.45%). But many today were expecting a big pop in ZCash... So what happened?
My Opinion
We are seeing big players buying up the last bits before a huge break out! A drop today in ZEC/USD actually indicates to me the BIG players are being smart and buying up a LOT of ZEC without trying to inflate the price (yet).
Look at the volumes! They went from just $18mln to $143mln in less than 12 hours!
They will use these lower prices to get more of this great coin cheap until they are ready to push it FAR higher!
When they are ready, magically Coinbase/GDAX will announce launch of ZCash on their platform. Driving demand even higher!
The logical conclusion to me is that this will all drive ZCash over $1,000 USD very fast and very soon!
Nice! I need to start accumulating with lower prices happening.
if something goes high ,it has to come down .. similarly vice-versa holds true
I like and appreciate your opinion about ZCash .....and i m sure it will jump high very very soon
My mining it was so slow lol
Good
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