Zcash Price Rockets Up 23%

Privacy focused cryptocurrency has shot up today. It comes on the back of a crucial breakthrough in protecting user’s privacy.

A break through that could significantly increase the usability of all cryptocurrencies.

Elsewhere, after a two week lull in activity, ethereum (ETH) prices have also roared back to life.

At time of writing the popular crypto is sitting at US$384, a gain of 6.4% in just 24 hours.

The rises come at a crucial time for ethereum, as it embarks on an upgrade to its underlying protocol.

The first part of the two part upgrade has been completed and the next stage — “Byzantium” — is due on 17 October, barring any delays.

Elsewhere, bitcoin (BTC) is also making moves higher.

Here’s the price round up, all in Australian Dollars:

Bitcoin Price: $5,269, +7.63%

Ethereum Price: $384, +6.41%

Zcash Price: $364, +23.23%

MaidSafeCoin Price: $0.65, +4.51%

Dash Price: $436, +1.915

With interest growing around the world, there has never been a better time to learn more about cryptocurrency’s incredible potential. But there’s some very real risks for investors. Don’t invest until you’ve read Sam Volkering’s latest special report.

Regards,

Ryan Dinse,
Analyst, Money Morning


Ryan Dinse is an Editor at Money Morning.

He has worked in finance and investing for the past two decades as a financial planner, senior credit analyst, equity trader and fintech entrepreneur.

With an academic background in economics, he believes that the key to making good investments is investing appropriately at each stage of the economic cycle.

Different market conditions provide different opportunities. Ryan combines fundamental, technical and economic analysis with the goal of making sure you are in the right investments at the right time.

Ryan's premium publications include:


Money Morning Australia