Monero on the Rise; ZCash Falls 54%

Monero is on the rise, demonstrating a 10% increase over the past 24 hours. Overhyped ZCash however has declined significantly over the past two days, decreasing by 54% yet again. Despite mainstream media attraction and substantial investment involved, it seems as if the market and community have chosen Monero over ZCash as the anonymous digital currency.

monero

monero

While the rapid decline in the value of ZCash came as a surprise to some investors, it was expected by the majority of experts and high profile traders in the cryptocurrency investors that have criticized the controversial launch of ZCash.

Particularly, the “trusted setup” of the ZCash network alarmed various developers and experts including Tuur Demeester, Peter Todd and Peter Black, who criticized the centralization of the cryptocurrency, corporate structure of the development team and trustful setup of the network.

Firstly, a large number of developers and investors including Monero developer Riccardo Spagni and Peter Black spoke of the centralization and corporate structure of the ZCash development team.

If you’re a decentralised cryptocurrency, and you have a “PR Marketing” person, you’re doing it wrong.

— Riccardo Spagni

Read more ... source: NewsBTC USA

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