Here is why I believe Zencash has great upside.
1)
They are laying the groundworkZencash will be an improvement over Zcash.
Zencash is a fork from Zclassic, which was a fork from Zcash- They are not starting from scratch, they are improving a very successful program.
Excellent business model. No ICO. Only 1.6 million coins, 21 million max. Founders are Marketing\Business people; they are hiring the needed developers. Founders created a non-profit to collect funds to pay for employees from mined Zen.
2)
Big backers:Charles Hoskinson current CEO of Input Output HK, he was also CEO of Ethereum. He is a strategic advisor of ZenCash and, in fact, his company IOHK, is one of the core developers.
Hoskinson thinks there is an altcoin bubble and only a few will survive; it’s obvious he believes Zencash is one of them. In fact one of the Zencash founders was with him when he made that speech.
Steven Nerayoff, a very successful entrepreneur, is another strategic advisor. Here is a quote from him:
“I'm very selective on who I attach my name to in an official capacity. I focus my efforts on companies I believe will dominate their portion of the crypto sector.”These are two very big names in the Cryptocurrency space.
3)
The price was annihilated right out of the gate which eroded confidence.There was a dramatic price drop after the fork and release on Bittrex. Then this crypto correction caused it to drop even more, creating its current price ---both temporary setbacks.
The current price now sits just off its low, though now rising. The company is only 6 weeks young and already making updates. And this crypto correction will be over, if it isn’t already.
Research this company, research the people behind it. Look at how they set this company up and are laying the groundwork to be successful in the long term. In fact pay attention to how they keep up with public updates; they are done regularly and are very thorough.
I’m sure you can find some negatives to this company, but you find negatives in any cryptocurrency and that includes Bitcoin. When you look at who is involved, how they set it up for the future, I believe they have an excellent chance to be successful.
Zencash website:
https://zensystem.io/