Thoughts on Zencash? Extremely undervalued IMO

[Cord]

For what it is, Zencash is really undervalued. Extremely new project and IN MY OPINION, Has like x30 potential by the end of the year.
Market cap ONLY 9m$, Coin itself is $6.50
https://coinmarketcap.com/currencies/zencash/
https://zensystem.io/
(Zencash is a fork of Zclassic, Which was a fork of Zcash)

[gducrettet]

For what it is, Zencash is really undervalued. Extremely new project and IN MY OPINION, Has like x30 potential by the end of the year.
Market cap ONLY 9m$, Coin itself is $6.50
https://coinmarketcap.com/currencies/zencash/
https://zensystem.io/
(Zencash is a fork of Zclassic, Which was a fork of Zcash)

I really think zencash is the future
let's wait

[Mugil]

The least I can say is that ZenCash is actually very profitable to mine, so of course I do like it and support it !

[Barbarian]

For what it is, Zencash is really undervalued. Extremely new project and IN MY OPINION, Has like x30 potential by the end of the year.
Market cap ONLY 9m$, Coin itself is $6.50
https://coinmarketcap.com/currencies/zencash/
https://zensystem.io/
(Zencash is a fork of Zclassic, Which was a fork of Zcash)

You don’t really explain why you think it is undervalued, it is a new project, it is obvious not many people believe in these projects at all.

[yorklab]

When the lead developer, Joshua Yabut, left the company it devastated the price; then the market correction brought the price down even further. These are both just temporary setbacks to the price, not the vision of the company.
 
Yabut left because of philosophical reasons; the company was making alliances with corporations and Yabut didn’t’ agree with that. This is exactly why ZEN could take off in the future. These corporate affiliates could really create awareness for this company.

Look up Charles Hoskinson current CEO of Input Output HK, he was also CEO of Ethereum. He is behind ZenCash and currently helping the founders with development.

The price is down, but not the company. This coin isn’t month old yet. When the company starts to come out with updated features, I think investors will change their tune about this coin.

[dbc23]

There were issues with the initial launch before that dev left that shook confidence too.  Longterm it has solid potential.

[cybernetik7]

On the watchlist ... 

[anahata]

For what it is, Zencash is really undervalued. Extremely new project and IN MY OPINION, Has like x30 potential by the end of the year.
Market cap ONLY 9m$, Coin itself is $6.50
https://coinmarketcap.com/currencies/zencash/
https://zensystem.io/
(Zencash is a fork of Zclassic, Which was a fork of Zcash)

It does have 30x potential but not by this year end. It already had it's pump for this year and might go down for a while. Will jump in it when the time is right, as currently there are other alts which can give good short term profit.

[yorklab]

Yes, the price has been slowly creeping down, but it's always difficult where to call the bottom, which is why I continue to average down. Because this coin is so new you could make the assumption that it may be some time before there is any significant news. But a higher price benefits the founders and who they pay for development, so I'm getting a few coins now in case there is an unexpected pop in price in the near future.

As others have said, if you believe in ZenCash you could buy at the current price then walk away for 6-12 months and could/should be pleasantly surprised at the price. Of course that's assuming they follow through on all their ZEN White Paper plans.

[RandomEvent]

Let patience be your guide, if you hold for 6 months to a year finding the exact bottom isn't important, invest and enjoy the eventual run

[25hashcoin]

When the lead developer, Joshua Yabut, left the company it devastated the price; then the market correction brought the price down even further. These are both just temporary setbacks to the price, not the vision of the company.
 
Yabut left because of philosophical reasons; the company was making alliances with corporations and Yabut didn’t’ agree with that. This is exactly why ZEN could take off in the future. These corporate affiliates could really create awareness for this company.

Look up Charles Hoskinson current CEO of Input Output HK, he was also CEO of Ethereum. He is behind ZenCash and currently helping the founders with development.

The price is down, but not the company. This coin isn’t month old yet. When the company starts to come out with updated features, I think investors will change their tune about this coin.

You have my attention. Going to look more at this coin.

[clardalan]

not so fast..
copying from twitter, I asked him:

Charles Hoskinson‏ @IOHK_Charles 1m1 minute ago

We are negotiating at the moment. Nothing official. I leaded some developer support to save them from Josh's actions.

[yorklab]

Thanks for the update clardalan.
 
I do not mean to mislead, when I say Charles Hoskinson is behind ZenCash I’m referring to Tweets like these:
https://twitter.com/IOHK_Charles/status/871776076271374340
https://twitter.com/IOHK_Charles/status/867108283693314050

And he and his team are helping with the development here:
http://www.econotimes.com/ZenCash-performs-software-transition-in-partnership-with-blockchain-startup-IOHK-754602

Of course your post also confirms his unofficial contribution.

The fact that his team could be one of the main developers is great news. I think ZEN will be fine either way, but If Charles Hoskinson and his team become one of the official developers, then in the eyes of some folks that could help legitimize ZenCash.

[yorklab]

This is from the ZenCash blog:

https://blog.zensystem.io/zen-foundation-and-team-updates/

The Zen Team is Growing

What a lot of people don’t seem to realize is that our team is stronger than ever. Yes, we lost our lead dev a few weeks ago, but now we have a much more solid technical team that includes core blockchain support from IOHK’s Team Veritas; the team is led by Prof. Roman Oliynykov, Ph.D (cryptographer, IT security researcher, and developer of the the Kalyna block cipher and the Kupyna function), and includes Dmytro Kaidalov Ph.D (cryptographer & software developer) and Andrii Nastenko, Ph.D (cryptographer & IT security expert).

Additionally, on the tech team we have our own much-beloved devs you’ve probably all interacted with in Slack: Lukáš Bureš (PhD candidate in cybernetics and all-around nice guy!), Jake Tarren (Red Team Engineer at NASA), @anarch3 (project maintainer and one of our consistent go-to guys), @cronic (infrastructure and deployment pipeline), Mike Lorey (Web dev), Gustavo Fialho (Web dev and community support), and Simran Dhillon (Web / graphic design, asset management, and front-end development).

We’re fortunate to have Rosario Pabst helping out all over the place, and she has 12+ years of software project management experience (an M.S in systems engineering and a PMP), and Allan Dumaine with decades of software PM experience who will be managing the secure node development.

Successful projects have a wide range of motivated talent, partnerships, and advisors. We couldn’t be more grateful to Charles Hoskinson, the CEO of IOHK, for supporting the project. For those of you who don’t know him, he was one of the original co-founders of Ethereum, Ethereum Classic, and Bitshares. Each of these projects have been massively successful.

The top public relations (PR) firm in the industry, Wachsman PR, is also dedicating a team to Zen to make this project a success. A lot of the work they do is in the background, but is absolutely key to framing and propagating a positive media presence.

All-in-all, there’s been tremendous progress building the team and getting ready for an exciting roadmap execution. This is all just a start and we intend to continue growing the team and building partnerships. More to come on those details, but know that we have a motivated and capable team with an awesome community!

Looks like they are laying the groundwork for this new company to grow in the future.

[Phyton76]

For what it is, Zencash is really undervalued. Extremely new project and IN MY OPINION, Has like x30 potential by the end of the year.
Market cap ONLY 9m$, Coin itself is $6.50
https://coinmarketcap.com/currencies/zencash/
https://zensystem.io/
(Zencash is a fork of Zclassic, Which was a fork of Zcash)

I dont really think so in zcash i guess the zcash will not increases its price because its already reach its limit in the market and in the coming years i guess it will gues continue to be dump but there are always a change of pumping at a time of zcash i guess its just a matter of time.

[grapevin]

For what it is, Zencash is really undervalued. Extremely new project and IN MY OPINION, Has like x30 potential by the end of the year.
Market cap ONLY 9m$, Coin itself is $6.50
https://coinmarketcap.com/currencies/zencash/
https://zensystem.io/
(Zencash is a fork of Zclassic, Which was a fork of Zcash)

i don't get it.
i don't see a wallet on the site.
"Zencash is a fork of Zclassic, Which was a fork of Zcash"
can i store Zencash on a trezor?

[yorklab]

For what it is, Zencash is really undervalued. Extremely new project and IN MY OPINION, Has like x30 potential by the end of the year.
Market cap ONLY 9m$, Coin itself is $6.50
https://coinmarketcap.com/currencies/zencash/
https://zensystem.io/
(Zencash is a fork of Zclassic, Which was a fork of Zcash)

i don't get it.
i don't see a wallet on the site.
"Zencash is a fork of Zclassic, Which was a fork of Zcash"
can i store Zencash on a trezor?

https://github.com/zencashio/eleos

I thought I read that there will be another Windows Wallet out in a week or two.

[yorklab]

A good write-up on ZenCash

ZenCash Investment Analysis
https://medium.com/@VerthagOG/zencash-investment-analysis-28f7702a5cec

[clardalan]

As IOHK has developed some parts of it, and they see it as a relevant project, I have purchased a small amount for hodling.

lets see end of the year where we stand