Market Signals

Crypto-currency investment continues to be highly-rewarding for the early adopters:

While blockchain developers have long aimed to provide users of digital currency with privacy, the technology offered by Zcash could offer its users a hereto unforeseen level of anonymity. Now, investors have taken note. […] This hype is evidence in the sharp price gains that Zcash futures contracts have enjoyed ahead of the cryptocurrency’s 28th October launch. […] The contracts, which trade against the price of bitcoin, have surged from a low of $18 (0.027 BTC) on 15th September to a high of $261 (0.379 BTC) as of yesterday, a change that represents an increase of nearly 1,300%. […] … At the time of its initial crowdsale, the price of one ethereum token (1 ETH) was roughly $0.30. Today, it’s $11.93, or a nearly 4,000% increase. A similar appreciation has been observed in bitcoin, which rose from $0 to $685, and Augur’s reputation toke (REP), which rose from roughly $0.50 to more than $6 today.

Monetary exit-pressure is clearly non-negligible.

More Zcash release news here.

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