ZClassic Building Investor Confidence

ZClassic (ZCL) price has appreciated by 7.93% against the US dollar in the last 24 hours despite a bleeding market that has seen the leading coins Bitcoin and Ethereum shed 2.67% and 2.70% to trade at a month’s low of $6,368.26 and $364.02 respectively. The effect has trickled down to other major players with most of the top 10 coins by market value trading in the red."ZClassic Building Investor Confidence"





At press time, the ZCL coin was trading at $13.77 and seems to be holding in the short term. The coin is ranked 102 by market cap as per the CapMarketCoin official website. The coin opened the day at $12.67 and went down to a low of $12.49 before heading north to the day’s high of $13.98.

Why the Sudden ZClassic Price Surge





With the growing popularity among privacy coins, most investors seem to have realized the many opportunities that are unexploited behind ZClassic (ZCL). This is a Zach fork and has kept to its promise of keeping the user funds from any form of surveillance from a central body. With its promise of non-censored financial freedom and complete anonymity, the coin appears to be the next frontier for digital coin privacy seekers.





The ZClassic platform rides on the zero-knowledge that brings together privacy and transparency in all its transactions. The platform is community run and after the removal of 20% mining fee, miners are having their field day and this has eliminated the slow-start mining that is expected to accelerate the coin scarcity and ignite value growth.





ZClassic has a very good history despite many privacy coins being seen as supporters of the dark web marketplaces. In order to protect the users, the platform deploys the SNARK public parameters where no participant can violate other user privacy. To achieve this level of privacy, the system generates private and public key and destroys the private one.





The coin has been quite dormant in the media since the fork rumor earlier in the year seems to die off. ZCL price has been on a wild roller-coaster and this has been attributed to its low supply in the market which the community is playing around with to create scarcity, price surge and growth in value. If the current spike is anything to go by, the value of ZL might be on the rise for the long haul.



