In the mind of all investors of the crypto world there are a number of cryptocurrencies, which are considered safe bets, as is the case of Bitcoin and Ethereum. However, each time appears a virtual currency that by its technical characteristics, it becomes a great buying opportunity. And just that seems to be occurring at this moment, so that we wonder if it is the right time to buy Zcash.
The way of Zcash
Since its birth, Zcash has been one of the cryptocurrencies most controversial of the world. And is that the same is born in the year 2016 as the main competition of the virtual currency focused on the privacy Monero. Therefore, a reaction of a sector of the crypto community that it considered the security features of the criptoactivo, were not good enough for the needs of the modern world.
So, Zcash quickly became a benchmark of privacy within the crypto world. Creating new mechanisms for the protection of the identity of those who use the platform, which makes it virtually impossible to locate those who make use of the currency. What has not avoided that from the start there have been multiple problems in the same.
Being one of the most serious, the so-called “background of the founders.” Therefore, 20% of the total of 21 million Zcash that ever will be belong to the founders of the project. Those who receive a percentage of all the Zcash undermined by members of the community.
But this funding is not eternal. In fact with the Halving scheduled for October of this year, will end the flow of money to the “background of the founders.” And therefore, you will end up one of the guarantees that exist for the ongoing development of new elements within the Blockchain of Zcash. What that has led to a crisis of governance within the chain to decide that you will make now to secure those funds.
A time to buy Zcash
But contrary to what you might think because of this crisis of governance, a number of factors have allowed not only that the criptomoneda be standing. But, after 3 years of stagnation in its price, Zcash is experiencing a rally that has led many to think that is the time to buy the criptomoneda.
– Broke out of a 3-year bear
– Textbook W-shaped bottom
– Coinciding with governance crisis
– Usable shielded clients
– Imminent 1st halving
– Increasing awareness on privacy
– Global return of socialism
If this isn’t a generational buying opportunity ion accumulator what is. pic.twitter.com/A5YRW89Ohj
— Qiao Wang (@QWQiao) August 1, 2020
And is that, as I said Qiao Wang through his Twitter account. Zcash account elements such as the increase in the awareness about the importance of privacy at the global level, the emergence of new clients protected by the privacy of Zcash, the closeness of the next Halving, which will decrease the rewards of mining, the return of socialism to the fore the public, and of course the apparent near-end of the crisis of governance, that make Zcash a good option to buy.
In the middle of the bullish rally what Is the time to buy Zcash? Source: CoinDesk
This can be seen clearly in the direction that it has followed the price of the criptomoneda in the last few hours. Going from 65 dollars which was listed just a few days ago to 88,43 that are located at the time of writing this article.
The renewed interest in the purchase of Zcash should not be surprising. In particular, due to the controversy that has surrounded the application TikTok in the last few days. Placing in the fore the problems of privacy in the digital era, and by making users more aware of the need to protect their data as much as possible. Just what offers Zcash, pushing their quote, in what seems to be the start of a important bullish rally.