Zcash Price Relaxes, Now Fluctuating And Trading Around $33

The Zcash price relaxes today in the latest cryptocurrency news. The altcoin which was also in the focus of the news had a good start to the year and had even noticeably peaked in the month of June.

Still, a bearish turn in the cryptocurrency market in July reversed the good fortune. Currently, the price of ZEC is on a continual downswing once again. The one-day price chart of ZCash on October 24 shows that the Zcash price relaxes and is now fluctuating but still trading in the range from $32.48 to $33.26.

As we can see from the latest Zcash news, the ZEC price has mostly been below the baseline. The trading price of Zcash was $32.89 yesterday. However, the bear pressure which is in full swing triggered the price to fall marginally by 1.53% and 2.38% respectively, going to $33.25.

Today, Dogecoin also remains at the same area. As the current Dogecoin news and chart updates show, DOGE is trading at $0.002568 with a similar momentum like ZEC.

However, the Zcash price relaxes and ZEC continues to be under the bear radar. This is a situation that we have been seeing since July. The price of this cryptocurrency was mostly in the lower range, suggesting that there is not much hope for the coin in the short-term outlook.

As the altcoin market continues to be volatile and the cryptocurrencies are barely in the green, the lost momentum shows that it will be difficult to retrace to the prices as seen before. In the news is the billionaire Bitcoin bull and investor Michael Novogratz, who advised that BTC could also retrace to $6,500 if the momentum continues.

So, the general advice on current investors is that as the Zcash price relaxes, there could be another drop. This is why they should add on to their holdings as the price of the coin is still low. Short term investors and day traders, however, are advised to continue their investing with a cautious look on the daily prices.

Meanwhile, the best performers today are XRP which managed to retrace by 3.39% and is now at $0.2821 as well as Binance Coin (BNB) which is trading at $17.28 following a run of around 4%. The Bitcoin Cash (BCH) cryptocurrency also rose to $218.78 and surprisingly for many, Bitcoin SV (BSV) continued its rise with a shocking 15.58% increase on the day – visiting a new price of $114.55.