RSI hit oversold and broken from its downtrend. That means that there is some room to the upside, but...
Zcash's inflation rate is really high. It has also broken most support lines and the downside seems more probable.
I can't see how 1 ZEC could be worth 0.05BTC with such high inflation and no real use cases. Nobody is really using its anonimity feature, which makes it only a speculative investment. At current rates, about 300.000$ worth of ZEC is mined everyday and its market cap is 21.5M. That is 1.3% inflation per day
Zcash's inflation rate is really high. It has also broken most support lines and the downside seems more probable.
I can't see how 1 ZEC could be worth 0.05BTC with such high inflation and no real use cases. Nobody is really using its anonimity feature, which makes it only a speculative investment. At current rates, about 300.000$ worth of ZEC is mined everyday and its market cap is 21.5M. That is 1.3% inflation per day