Analysts covering ZClassic (ZCL) look at the -7.95% fall on December 24-25

December 25, 2017 - By Migdalia James

It was bad day for ZClassic (ZCL), as it declined by $-0.676145560000001 or -7.95%, touching $7.83121932. Crypto Analysts believe that ZClassic (ZCL) is looking for the $8.614341252 goal. According to 2 analysts could reach $17.8002432843619. The highest price was $9.25482802 and lowest of $6.70933886 for December 24-25. The open was $8.50736488. It last traded at BitTrex exchange.

For a month, ZClassic (ZCL) tokens went up 293.53% from $1.99 for coin. For 100 days ZCL is up 422.08% from $1.5. It traded at $4.42 200 days ago. It has 21.00 million coins in circulation. It was founded on 06/11/2016. The Crypto ZCL has PoW proof type and operates under Equihash algorithm.

ZClassic is a cryptocurrency forked from Zcash. It has the exact same features as ZEC including its private transactions protected by zero knowledge proofs and its Equihash Proof of Stake mining but with no founder’s reward. This founder’s reward is currently deducted from mined zcash blocks (20% of all block rewards during the first four years of mining which will amount to 10% of the total zcash supply). By removing this founder’s reward ZClassic wants to make mining fair for everyone involved.

Block explorer data from https://classic.zcha.in/