Zclassic Coin – Who is behind the crypto currency?

The founder of the crypto currency is Rhett Creighton, who had previously worked on Bitcoin. Since the blockchain is open-source, the entire community is encouraged to contribute to the development and to contribute their own code.

Zclassic started as a fork on November 5, 2016, just eight days after Zcash was released. In the beginning, the only difference between the crypto currencies was in the mining, more precisely in the payment of the miners. In addition, unlike Zcash, the supply of new coins was not limited, and the slower mining speed was eliminated for the ZCL coin. The decision to carry out the Hard Fork was also based on the closed investment round of the Zcash. Then there was all the hype about the start of the coin, which led to a crazy rise in the price. Zcash initially cost 2 million Euros, but in the following days the price plummeted. Due to the private ICO many felt excluded. Zcla ssic should offer the community the same chances to buy the coin and profit from it.

Zclassic Coin Advantages and Disadvantages for the Bitcoin trader

Basically, the ZCL coin offers a lot for the Bitcoin trader that the Zcash also offers. But although the crypto currency is fairer in mining, the original coin still has a much higher market capitalization and that despite only a few days lead. On the other hand, buying Zclassic Coin is much cheaper and at the same time the Bitcoin trader price has jumped a lot in relation to previous market values in recent months. Despite the competition, the ZCL Coin forecast is not bad at all and an investment could be worthwhile. Although the crypto currency is cheaper, it is still much more expensive than most other Altcoins.

The Bitcoin Private, a fork from Bitcoin and Z/classic, could turn out to be questionable for the forecast. This new coin will retain some of the advantages of Z classic. Developer Rhett Creighton has already announced that after the fork he will focus on the new Bitcoin Private and stop working on Z/classic. How this will affect the price of the ZCL coin remains to be seen.

Zclassic Coin Price – Development – Forecast of the Bitcoin revolution

At the beginning, the Zclassic crypto currency Review was quoted at over 4 Euro per coin, but in the course of November 2016 the price dropped continuously. From December 2016 to February 2017 the Zclassic price remained below 1 Euro per coin. In March, the price returned to over 1 euro, in April to 4 euros. In May, the price gained momentum and rose briefly to over 9 euros per ZCL coin. Thereafter, the Bitcoin revolution price fell and remained around 1 to 2 euros per coin for several months, temporarily with higher or lower values.

In December 2017, the crypto currency experienced an enormous rise. The price suddenly shot up almost vertically, so that the coin was already quoted at almost 100 euros. One reason for this could have been the announcement that the ZCL coins could be exchanged for Bitcoin Private Coins after the fork had taken place. And that 1:1, you only have to keep the coins in the Zclassic Wallet. The effect of this announcement was immediately noticeable. In the new year it did not remain however with the scarcely 100 euro, the course continued to accelerate and reached in January 2018 a previous high of 190 euro per coin. The share price then lost value, but remained above 100 euros for a long time, which even continued in February.

What does this tell us about a Zclassic Coin forecast? Is this enormous rise in the price only to swap the coin for Bitcoin Private? Is it now too late to buy Zclassic Coin? At the moment the Fork of Bitcoin Private was postponed again, which led to a short term decrease of the price. It is very difficult to say how the crypto currency will be in the long run.

Bitcoin Cash – What is it?

Buy Bitcoin Cash
-Bitcoin Cash – emerged as an alternative to Bitcoin from a fork and has grown into one of the largest crypto currencies on the market. BCH was created because there was a dispute in the Bitcoin community about the scaling of the blockchain. New block sizes were needed.

Bitcoin Cash – What is this Bitcoin code?

The single block of Bitcoin’s blockchain is 1 MB in size. There are good reasons for the Bitcoin code: The transactions are stored in this block before a new block has to be created by mining. With an infinitely large block, users would have difficulty downloading the block chain. Therefore, the block size was limited to 1 MB. This was completely sufficient to start the Bitcoin. In the meantime, however, so many transactions have been carried out that the block is quickly filled. The miners charge fees for prioritizing transaction requests. Otherwise, the transactions could take hours.

The Bitcoin profit was mainly about increasing the block size

And that from 1 MB to 8 MB. A fork is a branch of a software project in which the code of a software, in this case the Bitcoin profit, is copied and then further developed separately. BCH’s fork was preceded by a dispute about Bitcoin’s future and how to solve the scaling problems. This dispute lasted two years, until some members of the Bitcoin community carried out the hard fork on August 1, 2017.

However, the problem for mining was that many of the transaction fees from which miners also benefited would be eliminated. In the beginning, there were actually far too few miners. At Bitcoin, the difficulty of creating new blocks adapts every 2016 blocks. At BCH, the “Emergency Difficulty Adjustment” had to be introduced because you couldn’t wait until 2016 blocks were generated to adjust the difficulty. As a result, many miners made a switch and merged to form Bitcoin Cash Mining Pools. The demands on hardware and power costs are still very high and solo miners still have little chance of profiting at all.

Since both crypto currencies are largely the same, the same requirements are placed on mining. Complicated SHA256 algorithms still have to be solved. A Bitcoin Cash Calculator can be used to determine whether BCH mining is also worthwhile in terms of hardware acquisition costs and power consumption. Finding a BCH Mining Pool is advisable.

For the user, the higher block size of 8 MB has the advantage that the fees for transactions are considerably lower. In November 2017, sending 1 BCH cost around 20 cents, while sending 1 Bitcoin cost 20 dollars. Apart from that, both crypto currencies are the same. During the hard fork, owners of Bitcoin had the opportunity to exchange these 1:1 into the new crypto currency.

Another hard fork has been announced for 15 May 2018 to increase the block size to 32 MB. The community sees this hard fork as positive and necessary to solve further scalability problems.

Ripple Chart from TradingView

Ripple Price Analysis
Looking at the chart, the price trades in a bullish zone above $0.4500. However, XRP must rise above $0.4750 to hold profits. If not, there is a risk of a downward reaction below the support level of $0.4500 in the near future. The MACD is in the bearish zone and is moving flat. The RSI is stable around the 55 level and shows a slight buyer’s market. The highest support level is at $0.4500, while resistance is at $0.4750.

Bitcoin Cash Price Highlights

The Bitcoin Cash exchange rate is well above the $700 support with positive signs
There is a new bearish channel forming on the hourly chart with resistance near $740 an ounce
BCH must cross the $740 and $750 resistance levels to move higher in the bullish zone
Bitcoin Cash currently holds the $700 support. BCH must gain momentum above $750 to reach the $800 resistance zone in the near future.

Technical Indicators Signals

There was a decent rally above the $700 resistance. BCH reached the $760 level and almost tested the $800 level. A high was formed at $784 an ounce before the price began to consolidate profits. However, the decline was protected by the support zone at $720. Currently, a new downward channel appears to be forming with resistance near $740 an ounce on the hourly chart. BCH buyers must cross the resistance levels of $740 and $750 to push the price towards $800 in the short term.

Bitcoin Cash Chart from TradingView
Bitcoin Cash Price Analysis
Looking at the chart, the price is in a positive zone above $700 an ounce. It is important that this support level holds up, otherwise any further decline could push the price in a bearish zone towards $650 an ounce. The MACD is currently flat in the bullish zone. The RSI is now above the 50 level and shows a slight buyer’s market. The main support level is at $700, while short-term resistance is at $750.