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A comment on Keybase chooses Zcash. Parent comment

Re:Keybase chooses Zcash by Animats on Thursday November 17, 2016 @01:10PM (#12979826)
"Normalized" is spin control. "Screaming dive" is more like it. From $6000 to $92 in a month, and dropping about 10% per day. Zcash is on its way to joining the other 700 dead and dying altcoins. Right now, it's the 43rd most valuable altcoin, and dropping in rank.

Mining is generating Zcash way too fast for the market to absorb. The "market cap" has been holding steady as the priced dropped over 99%.

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Re:Keybase chooses Zcash by gtlondon on Thursday November 17, 2016 @07:37PM (#12983270)
To be fair to ZCash, the high prices at launch were primarily due to very limited supply and market manipulation. The "screaming dive" is really just heading towards a sustainable price.

Somewhere between $2-$10 is a more realistic valuation (based on other coin valuations) -- it will be interesting to see if the price stabilises once within this range.

[ Parent | on HN ]