ZenCash (ZEN) doubles in value! Heading towards a new all time high?
With news arriving of secure nodes being tested, Zen's price has today passed record September high's of $13.43 by reaching (so far) $13.81 with an increase of over 100%.
With an all-time high of $19.18, some analysis are very bullish on ZenCash's price at the moment, suggesting the price may increase further.
Climbing the ladder today to the 116th spot with a market cap of over $31m, it's hard to predict whether Zen will be correcting tomorrow or continuing uphill a little further with anticipation of secure nodes being deployed to the network.
"Secure Nodes owners need to buy tokens in order to active their nodes, this creates Demand. At the same time, the locked-up tokens in the running nodes create Scarcity. Secure Nodes will effectively reduce the Supply and Increase the demand, thus sky-rocketing the price!" - Chitty
Hey! good post.. thanks for the quote!
Your welcome!
I do bealive ZEN can make a great show and nice profits to us, happy steeming ;)