Why Zclassic will smash $2000 before the fork
The upcoming Zclassic -> Bitcoin Private fork
1 Zclassic (ZCL) will give you 1 Bitcoin Private (BTCP)
1 Bitcoin (BTC) will give you 1 Bitcoin Private (BTCP)
Price of ZCL right now: $220
Price of bitcoin right now: $16 700
I hope the math is already starting to make sense.
At $2000, it puts ZCL at a market cap of $6bn.
Bitcoin Private will be one of the most useful forks to this date. Given that it'll land somewhere between Bitcoin Cash and Bitcoin Gold after fork, it should put it at a market cap around $25bn.
Here is what's yet to happen before the fork:
-Fork date announcement
-Upcoming wallet supporting the fork (8th January)
-Possibly new exchanges (hint hint Binance)
Given ZCL is already at $220 prior to all these announcements, buying ZCL up to $2000 might not be that crazy.
Please do your own research before investing.
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I bought a bag of ZCL at around $110, watched go up to £220ish, then stagnate back to the $160 mark. Sold them for a better rising alt coin for the mo. But might consider buying some back as fork date gets closer promoting a bull run.