The Zcash (ZEC) token is consolidating near the $120 region and could soon rise to the $150 mark and beyond if the bulls prevail
The Zcash token is showing signs of a breakout after consolidating over the past week. The ZEC token has the potential to recover once whale accumulation ends. The Zcash coin seems to establish a strong support zone near the $120 region. The bulls could push prices towards the $150 mark and beyond once they are in full control.
How and where to buy Zcash in the UK and elsewhere
If you are interested in purchasing the Zcash token, you will need to register an account with a crypto exchange/broker platform. For account registration, you only need to provide a username, password and email address. Then you need to verify the account by presenting copies of your driver’s license and utility bill. This step is required to meet the requirements of the Know Your Customer (KYC) regulations. Now you can deposit money and start trading.
It is recommended to avoid decentralized exchanges because they are not regulated. For your benefit, we have selected two of the best platforms where you can trade safely.
eToro
eToro is one of the leading trading platforms for investing in crypto assets. Packed with features including copy trading, advanced technical charts and a range of trading tools, eToro’s platform is suitable for beginners and professionals alike.
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Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the largest cryptocurrency exchanges on the market.
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What is Zcash?
Zcash is a privacy-oriented network that provides its users with strong anonymity. It uses zk-SNARK technology to ensure complete privacy. However, the hallmark of Zcash is the ability to selectively disclose the identity if desired by both parties. The network uses its own token called ZEC.
Should I buy ZEC today?
The Zcash token has experienced strong consolidation and the coin could see another leg of the rally as the bulls begin to buy large amounts. The early owners of ZEC could potentially receive handsome profits in the future as the token recovers.
The ZEC token has the potential to break through the $150 mark, and the coin could very well reach new highs if volumes continue to rise.
This article is for information purposes only – none of the information is to be understood as financial or investment advice.