YcashYEC
$0.580
Market/Exchange
YEC Price Prediction and Price Movement
YEC is up 163.27 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of YEC can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, YEC has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on YEC's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Ycash Price Chart
About Ycash
Ycash is a chain fork of Zcash. It has a shared blockchain history. The first 570,000 blocks of the Ycash blockchain are the same as the first 570,000 blocks of the Zcash blockchain. That means that everyone in control of Zcash private keys as of block height 570,000 (around July 18, 2019) will be able to use those private keys to access the same amount of Ycash. Those that currently have a vested interest in the future of Zcash (by holding Zcash) automatically have a vested interest in the future of Ycash.
By building upon the Zcash codebase, Ycash leverages Zcash's solution to The Privacy Problem. Through periodic changes to Ycash's mining algorithm, Ycash also aims to address The Distribution Problem by ensuring that 90% of the coins would be distributed via the mining process. With 5% of the coins starting at block height 570,000 going to the Ycash Development Fund (managed by the nonprofit Ycash Foundation), 90% of the total 21 million Ycash coins will be allocated via the free market mining process.