ZCoin (XZC) Analysis

Market Cap

$48,241,912 USD

Volume (24h)

$6,026,383 USD

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4.1

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Zcoin Markets Rank: 3/100
Volume Ratio

How actively is this asset being traded on the market?

Zcoin Volume Ratio Rank: 12/100
Market Cap

The total cost of all coins available.

Zcoin Market Cap Rank: 97/100
24h Change

Is the price moving up or down?

Zcoin 24h Change Rank: 47/100
Social Following

How many users are following this coin?

Zcoin Social Following Rank: 96/100
Google Trends

How many users are searching for the coin?

Zcoin Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Zcoin Twitter Citation Rank: 56/100
User Voting

How popular is this coin among Cointobuy community?

Zcoin User Voting Rank: 97/100

ZCoin investment analysis

XZC is a privacy-focused coin based on the Zerocoin protocol. This solution aims to improve the privacy of its users by using this protocol to break any links between transactions. Interestingly, they do this by minting a new coin every time that you spend one of your own. Your transaction is then completed with this totally new coin in their unusual approach to privacy on the blockchain.

A Zcoin investment could appreciate very nicely due to the demand for private cryptocurrencies, and the low supply of this stellar asset. In addition, your investment can be used to create an income-producing master node.

$4.28

+87.4%

$8.02

124/3735

by Safety

1752/3735

by Profit

How to buy ZCoin?

You can buy Zcoin on many top level exchanges with both the Bitcoin and Ethereum trading pairs. Both have ample volume for trading so you can most likely take your pick without worry of overpaying on your exchange.

As for options on where to store your XZC tokens, they have a desktop wallet version for both Windows and Mac available. Or, if you prefer this coin is also compatible with the Coinomi mobile wallet.

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I believe privacy coins will be one of the biggest sectors of cryptocurrency in the next few years. As such if you invest in XZC you could see some nice gains due to its technology, and the low circulating supply. (The current circulating supply is only around 4 million coins which is quite low.)

What's the deal with privacy tokens though? Well, more and more people are starting to realize that Bitcoin is not as private as they once thought it was. With the uptick in recent thefts, it's not surprising that many people don't want all of their transactions and their wallet balances are potentially known to those who would like to have them for themselves.

There are many privacy cryptocurrencies available, but this one does have a particularly interesting approach. While other competing solutions try to hide transactions using ring signatures the ZeroCoin protocol simply erases the link. How? By minting a completely new coin.

When you spend your XZC the coins that you send are burnt. This essentially means they are destroyed and with it any knowledge of where they've been in the past. This zero-knowledge approach basically means that the system can't tell what it doesn't know about you or your spent currency.

Instead, a shiny new XZC is minted to take the place of the one which was burnt. This new token is passed along to your recipient without the identity of the sender being revealed in any way. While all privacy based coins essentially mix funds to prevent tracing this currency does it on steroids.

Development for Zcoin is ongoing, and they've got some exciting features planned for their roadmap. Many of these have to do with scalability in order to avoid the pitfalls of big brother Bitcoin. However, they are also working on integration for the Ledger hardware wallet for added security, a decentralized marketplace for users to spend their XZC, and the Sigma Protocol.

This feature will make this currency even more private by creating a trustless environment for investors. A large criticism of the XZC chain is that it requires trusting a third party with your confidential information. This is obviously not ideal as trust can be broken, and when it is your private data can potentially be revealed.

The Sigma protocol will not only solve this issue, but it also will make the entire chain more efficient. This forward-thinking stance reflects well on the development team and their dedication to providing a currency that could potentially be both an excellent store of value and a usable currency.

In closing, I think XZC has excellent potential. They have a great community, great technology, a reasonable supply, and they're a great choice if you're looking to put some cash into a private investment option.

This one also offers the ability to use your investment to host a master node. These nodes not only secure the network, but they can also provide some passive income from the block rewards which is attractive to many investors.

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