Il Capo of Crypto, one of the analysts closely followed in the cryptocurrency market, spoke about Zcash (ZEC), one of the altcoins that has recently experienced a surge in the market.
Il Capo, who claims his previous bullish predictions about Zcash have come true, added that it has taken longer than he anticipated for his current prediction to materialize.
ZEC’s price has rallied by 25% in the last week and is currently trading at $1,006. ZEC had previously attracted attention with its 2,334% increase over the past year.
Il Capo stated that the ZEC price found support around $200-300 in February-March and eventually reached its $1,000 target. Now, the analyst claims that a local peak and pullback are likely in the short term, and a similar process is possible for the overall cryptocurrency market.
*This is not investment advice.
