The price movement of Zcash has been quite amazing in the first two quarters. Both the opening quarters spike hope for having a flourishing year ahead. However, the third quarter started with a falling score. The fall continued for the rest of the year, and towards the end of the third quarter, the drop was tremendous. Today, the last day of the year is also experiencing a pullback pressure.
Zcash Price Analysis
Zcash started the year at $61.81. In January, the price slipped to $50.15 by an 18% fall. In February, the ZEC price improved and touched $53.17 by 7.06%. In March, the coin price escalated to $64.39 by a huge hike of 21.09%. The first quarter booked a 4.56% progression in the price. In April, Zcash coin kept it moderate by booking 1.04% regression in the price. The counters changed from $64.39 to $63.72. In May, the ZEC price improved and touched $86.24 by 35.33% hike. In the next month, the Zcash price again jumped and this time touched $104.16 by 20.78% hike. The second quarter brought 62.62% upsurge in the price.
From July, the ZEC price dropped tremendously and touched $67.61 by 35%. In August, the downtrend remained locked, and the price slipped to $45.72 by 32.46% drop. In September, the price again dropped and touched $38.92 from $45.72. The third quarter booked 62.83% regression in the price. In October, the currency slipped by a marginal drop of 2.08%. The price counters moved from $38.8 to $38.11. In November, Zcash’s price went down to $29.20 by 23.39%. The last month of the quarter brought a 2.55% fall in the price as the coin is at $28.19.
Zcash is speculated to have a better fortune in the coming term. The traders, who have invested in the past, must be aware of its movement. The investors interested in ZEC coin are recommended to opt for long-term investment. The short-term might not bring the desired result to the traders; hence, we wouldn’t vote for the same.