ZEC Target: $6,244.....I'm not CRAZY! Here is my analysis!
NO! I'm NOT crazy and am not drinking right now, though it's FRIDAY night! I'm only counting Waves and discerning Patterns!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Now that's more like it. Zcash is a real privacy coin unlike that scam Monero. Please read: https://www.reddit.com/r/dashpay/comments/65fz68/dashs_privacy_feature_has_never_been_broken_turns
Please note that the claim of identifying the real coin in about 62% of all transactions and the real coin being the "newest" coin 90% of the time are outdated information. The current numbers are 20% and 40% respectively. Still it's a scam (sort of).
Eth is going to have zcash features implemented in it soon with metro update. If zcash will be worth 6k what about eth? 8-10k?
It's not wise to isolate the price from coin supply. ETH has no maximum supply. 10K ETH could mean 1 Trillion market cap. 6K ZEC would still be under 18 Billion. 1K ETH on the other hand is inevitable.
Eth actuallg will have a maximum supply. At this point its not determined Yet I believe. But yes it is certainly more than zcash.
@haejin are you now buying Zcash? How long do you think it can take to go to 6k? Just upvoted. @gold84
I've had it since sub $100s
12-16 months?
@haejin thanks for your feedback! @gold84
I know it's just for reference, but the white line is drawn such that it hits 6k in ~1 month - if it takes 12-16 months to get there, shouldn't the price target be MUCH higher with the trend line?
Actually, I had it so it'll about follow Bitcoin's path to $9,000. Much depends on Bitcoin and I think it can hit $7k to 9k before end of this year, potentially.