Is ZClassic (ZCL) Turning to Pumping and Dumping Tactics?

The latest ZCL price surge has been witnessed in the last 24-hour trading session with the rather silent coin gaining a massive 70.12% to the dollar to trade at $16.00 at press time. The coin has also gained up to 63.37% to BTC and the momentum appears to be gaining at least for the last one hour.

Zclassic (ZCL) Overview:

After forking from ZCash (ZEC), ZClassic (ZCL) the team behind the project has been working behind the scene with periodic updates. The platform has retained much of ZEC privacy functionalities. The ecosystem still utilized the zero-knowledge-proof and the mining Equihash proof-of-stake.

The only difference between ZCash and ZClassic is that the fork does not have the founders fund option but instead uses 20% on blocks mined as incentives. These incentives will run for the first four years and will translate into 10% of the total ZCL in circulation. This makes it profitable and any participant stands to gain.