Zcash (ZEC) & Monero (XMR) – A second chance for investors who missed out in 2017 – Crypto Recorder

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The latest crypto slump has offered a 2nd chance for investors to load up on cryptos they missed out on in 2017.  For instance, bitcoin is back to sub $5k levels, which is the level where most investors got in 2017 and benefited from the pump in December.  But while everything is on sale, not every altcoin out there will make it. If current market conditions persist into 2019, a substantial portion of altcoins will be flushed out. Only those with actual value will gain, and emerge stronger this time around. Two altcoins that stand to make a huge comeback and emerge stronger than they were before are Zcash (ZEC) and Monero (XMR).   Here’s why.

They have dominance in their core market

Which is the best coin for a low cost and super-fast crypto transaction? Throw this question at investors in any forum and more than 10 coins will come up. That’s a sign that the payments market is getting crowded, with so many coins all offering the same value proposition, with no dominant player. If the same question is rephrased to, which is the best privacy coin in the market, the list narrows down to two coins, Monero (XMR) and Zcash (ZEC).

It’s an indicator that the privacy coins market is consolidating around these two coins. This doesn’t mean that the other privacy coins will disappear. However, chances are that the others, no matter how good they are won’t command any significant volumes in this market. It’s just like in the social media space where the market has consolidated around Facebook and Twitter. These two have grown bigger and more powerful over the years, while anything else that comes up ends up operating in the periphery, no matter how good it is in terms of technical capabilities.   With the dominance that Zcash and Monero have gained in the market, growth in the privacy market will most likely revolve around them in the future.

They have superior tech

Zcash (ZEC) and Monero (ZEC) don’t just have dominance, they also have the tech. This makes it even harder for smaller privacy coins to ever get a chance of making any inroads in this market. For instance, Monero (XMR) privacy tech is tested and proven to be reliable. The only weaknesses for Monero was high transaction costs, and this was solved in the recent hard fork aimed at upgrading the software. Similarly, Zcash (ZEC) has one of the best technologies in the privacy coins market.

Zn-Snarks technology is so good that it is also used by other cryptocurrencies.  Zcash also recently did an upgrade that makes its transactions faster and more efficient.  This tech superiority guarantees Monero (XMR) and Zcash (ZEC) growth. Considering that they are in a market where demand was always there, even before crypto was a thing, there is no doubt that they are set to thrive. In the future, an offshore bank account could be replaced by Monero (XMR) and Zcash (ZEC). The chance of these two coins rising to over $1000 in the future is very high.