Zcoin [xzc] is a decentralized open-source platform and cryptocurrency powered by the ZeroCoin protocol. ZeroCoin is a Zero-knowledge proof protocol that assures complete anonymity and privacy in the financial system. Since the primary focus of this coin is privacy, it is considered as a ‘Privacy coin.’ Other coins that fall under the same category include Zcash, Monero, and Pivx. However, not all coins follow the ZeroCOin protocol. Thus, making them suitable competitors for Zcoin.
Zcoin is a cryptocurrency having no transaction history. Typically, cryptocurrency transactions are recorded on a public ledger; however, in the case of Zcoin, they can be destroyed to mint a new one using the Zerocoin protocol. A user can dump an old coin they own and replace it with a new Zcoin.
Apart from high security, anonymity, and no history, the processing speed in Zcoin is fast. Zcoin transfers are confirmed and processed in a few seconds, while ZEC digital currency, its competitor, is confirmed in a few minutes.
Zcoin has a market cap of $4,68,01,910, which is significantly less than popular coins like Bitcoin, Ethereum, and Ripple. On the CoinMarketCap web portal, it is ranked 114 in terms of market capitalization. Having that said, its market cap is still greater than over 800 other cryptocurrencies. The current circulating supply is 1,04,04,091 XZC, while its maximum supply is 2,14,00,000 XZC. That is, around 48% of all the XZC coins have been mined.
The zcoin price right now is $4.42 and is up 0.40% from the previous trading day. zcoin [XZC/USD] is quite a volatile pair but lacks liquidity. zcoin price has seen major ups and downs throughout its journey. It made an all-time high of $169.99 on December 26th, 2017, and an all-time low of $0.2751 on December 2nd, 2016. The high and low values for other periods are as follows:
In December 2016, Zcoin made an all-time low. After that, Zcoin prices have been trading above the low. At the beginning of January 2018, Zcoin prices shot up north massively, where the prices jumped around 800 percent set an all-time high at $169.99. But the price was taken down by the sellers very aggressively, where Zcoin lost 97 percent of its value from the ATH. Since then, the prices have been hovering between $2-$10.
Looking through the current data, we ascertain that there is no clear trend in the market. Since mid-March, the prices are inching upwards but is unable to push it up with momentum. However, if we were to consider the data from the beginning of March, Zcoin's price fell from $6 to $2. From this mark, the prices are retracing upwards. And the Zcoin price now is at $4.407. As per our technical analysis, Zcoin price can again drop to levels of $2 in the short-term.
Zcoin is a cryptocurrency that can be bought and sold against other currencies, and not just the US Dollar. Zcoin, like any other coin, cannot be traded alone but should be traded as a pair like any other forex pair. Apart from USD, one may trade it against currencies like EUR, GBP, JPY, etc. and cryptocurrencies such as BTC, ETH, USDT, etc. Following is the current Zcoin price for different currencies.
The Zcoin price in GBP is 3.5614. This price represents the value of 1 Zcoin in terms of the pound sterling. Click this link to access the calculator that converts Zcoin to GBP – Zcoin to GBP Converter
The Zcoin price when traded against the euro is 3.9385. That is, to purchase one Zcoin, one must pay 3.9385 EUR. If you wish to calculate the euro price for other values of Zcoin, click on the following link – Zcoin to EUR Converter
The Zcoin price in JPY is 473.8527. It is quoted as 1 XZC per 473.8527 JPY. Here is Zcoin converter where you can calculate the price of JPY by keying in the XZC value – Zcoin to JPY Converter
Zcoin can be traded against cryptocurrencies as well. Zcoin price in BTC is 0.000486. This value depicts that each Zcoin is worth 0.000486 Bitcoin. Calculator to convert Zcoin to Bitcoin – Zcoin to Bitcoin Converter
Some websites on the internet are specialized in predicting the price of a cryptocurrency for different time frames. The following are the expert views on the Zcoin price forecast for 2020-2025.
According to Crypto Ground, Zcoin is an excellent investment for the long term (5+ years). They predict that the Zcoin price will not fall or collapse in the long term. Their year on year Zcoin price forecasts are:2021 – $6.94
Wallet Investors believe that Zcoin is unlikely to head up in a year or so. They predict that XZC price may test to levels as low as 0.415 USD from the current price by the end of 2020. However, they are optimistic about Zcoin for the year 2021 and expect it to reach up to 13.06 USD. For the long-term, their XZC price forecast is $40.83.
Coinpredictor’s forecast on Zcoin's price is entirely unbiased. Their prediction for the coming month is $3.0, a 35 percent drop from the current levels, and a three-month forecast is $3.8, where they expect it to recover from the $3.0 mark. The long-term prediction on XZC by Coinpredictor is bearish, disagreeing with Wallet Investors and Crypto Ground.
Zcoin is a cryptocurrency characterized by anonymity, which is an important feature demanded by the users. The Zcoin team is working on taking the security of blockchain to the next level. In 2019, the founder and their team targeted on implementing the Sigma protocol to bring in the next generation anonymity. As of 2020, Zcoin has shown great progress in development. This could hence push the Zcoin prices higher. By the end of the year 2020, our Zcoin price prediction is approx—$ 10.
Zcoin has recently published a new block reward allocation. As per sources, it will be implemented post-September halving, by introducing the Zcoin Reserve fund. From the block rewards received after the new redistribution, 15 percent of it will be sent to a development fund. Precisely, it will be used for network infrastructure and core development and also for research purposes. This could help inflate the demand in Zcoin. With this and a few other factors into consideration, we expect the Zcoin to trade around $15. As per technical analysis, too, there is a major supply at $15, and the market could encounter hurdles at this level.
The future of Zcoin is in positive territory. Simply studying the features, fundamental factors, and technical price, Zcoin prices have the ability to keep up in the cryptocurrency space from a long-term perspective. The roadmap of Zcoin is clear, and the work history to date has been exceptional. If the same efforts are reflected in the coming years, the probability of a decrease in demand for Zcoin is unlikely. Therefore, the Zcoin price by the end of 2025, could reach around $136.
We expect the privacy coins to be the next cryptocurrencies to boom the market. And Zcoin would be our pick from the lot. This is because of the background technology of Zcoin, as well as its low circulating supply.
As more and more coins are popping up in the market, people are getting hesitant with Bitcoin due to relatively less security. With the introduction of privacy coins, some investors and crypto enthusiasts are inclined more towards them than Bitcoin.
In concern to the thefts in the cryptocurrency space, traders and investors are reluctant to keep their transactions public. Thus, to obtain absolute security, they have now turned towards privacy cryptocurrencies. Zcoin, being part of the privacy coin, is a cryptocurrency with a different approach. Other coins in this list simply hide the transactions using ring signatures, while Zcoin that uses the Zerocoin protocol entirely erases the transaction and the token if you are wondering how – by minting a completely new Zcoin.
As we always say, anything with uniqueness in the market will have a high probability to sustain, given they are useful to the public. Zcoin is a cryptocurrency that comes under the mentioned category. To sum things up, we believe that Zcoin (XZC) is an excellent option to invest from the big basket of cryptocurrencies. Their great technology, incredible community, and limited & reasonable supply may not let your investment down, at least in the long-term.
The Zcoin price as of 25th June is $4.42. A trader can buy one Zcoin by paying 4.42 USD. Likewise, you can also purchase one XZC with 0.00049292 Bitcoins.
The market cap of a coin is calculated using two parameters – Circulating supply and current market price. The market capitalization of Zcoin is $4,68,01,910 and is at 114th position on CoinMarketCap.
The exclusive features in Zcoin depict great potential in the future. Most privacy coins follow ring signature, while Zcoin follows the Zerocoin protocol, which makes it more powerful and secure. In addition, the circulating supply of Zcoin is reasonable – only 1,04,04,091 XZC. Less supply with constant or increasing demand could boost the prices of XZC. According to technical analysis, Zcoin is trading at extremely low levels, which could mean a massive discount for investors.
Our short-term, as well as long-term targets on Zcoin, is positive. By the end of this year, the prices might reach levels of $10. And in the next couple of years, Zcoin could still rally for five more US dollars and trade around $15. In the long-term, the prices could rise to as high as $136.
Coinbase is one of the most popular and trusted platforms to buy cryptocurrencies. Yet, not all cryptocurrencies can be bought with the US dollar. Only coins like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash can be purchased using USD. However, you can buy Bitcoin from Coinbase using USD and transfer it to exchange an exchange like Binance and then purchase Zcoin or any other cryptocurrency.
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