ZenCash as a mid term investment

ZenCash (ZEN) was mentioned by PalmBeach and also by McAffee in the Larry & Joe show.
McAfee mentioned XVG and DGB side by side with ZEN and as you might see - XVG pumped till today. DGB was the coin of today and jumped 100% in just a few minutes. We will be seeing another boost. XVG went 10x in just a few days.

So why ZEN? What is the coin all about?

Privacy. The coin is about privacy.
ZenCash has about 2.2 million coins outstanding.
Just like bitcoin, there will never be more than
21 million ZenCash coins.
ZenCash started as a clone of Zcash using a new protocol called zk-snarks which allows for "shielded transactions".
This allows for anonymous transactions.

Short history of ZenCash forks:

Short info about other privacy coins:

DASH has the treasury which allows the community to decide what to invest in.
Zcash wants to keep your transactions and wealth secret.
Monero wants to be untraceable.

With privacy coins there are a few issues.

Their funding model is the first point. The developers need to get paid for what they do so there is definitely the need for funding. DASH is the one that found a pretty good solution.

ZEN allows for decentralized development through the community voting on what to do next. Just like DASH.
When you have a funding mechanism that the community votes on, it ensures the best ideas and
the most committed developers are getting the money they need to keep improving the project.
The ZenCash Foundation Treasury gets 8.5% of all mining rewards.

The second point is security which is a MUST in today's world.

ZEN allows for end to end encryption with secured nodes.
Whitepaper quote:
secured nodes are to “ensure the system remains distributed, resilient,
and secure. By enforcing encrypted communication between nodes, and between nodes and
wallets, Zen protects against eavesdropping [...]”
Because the government will try to link identities with cryptos it's a must have for the future.
Anyone offering a secured node will get a share of about 3.5% of the mining rewards which guarantees for many people offering secured nodes.

The third point is privacy.

It doesn't only offer completely anonymous transactions but also a platform for developers to build their applications on. ZenPub as an example allows you to store and publish documents anonymously. Another example would be ZenTalk which is like an invitation only Telegram channel or Twitter feed that lets you broadcast messages anonymously aswell.

There are other things to consider

(like the market cap and the total amount of coins)

For comparison:

Dash (DASH):

https://coinmarketcap.com/currencies/dash/

• Market Cap
  $10,519,934,060 USD

• Circulating Supply
  7,770,441 DASH

• Max Supply
  18,900,000 DASH

Zcash (ZEC):

https://coinmarketcap.com/currencies/zcash/

• Market Cap
  $1,737,234,643 USD

• Circulating Supply
  2,897,869 ZEC

Monero (XMR):

https://coinmarketcap.com/currencies/monero/

• Market Cap
  $6,432,832,575 USD

• Circulating Supply
  15,505,285 XMR

ZenCash (ZEN):

https://coinmarketcap.com/currencies/zencash/

• Market Cap
  $136,464,272 USD

• Circulating Supply
  2,840,000 ZEN

• Max Supply
  21,000,000 ZEN

You can clearly see that ZEN is quite undervalued compared to these coins.

Interview with McAfee:

Also take a look at this interview with McAfee where he talks about different privacy coins:
(

)

It does clearly show the potential McAfee sees in ZEN.

Technical analysis:

Now lets come to the technical analysis side of things.

ZENUSD shows a steady increase in price which gives insight to the rising demand This also shows that the volume increase is also a buying increase. Else the price would drop or it would stay the same.

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Please don't take me as an financial advisor. I'm just a trader. Take this as informative material not as a guide how to make profit.