Zcash Does the Coinbase-BounceZcash Does the Coinbase-Bounce
By Sheevika Senanayake - December 6, 2018

Listings on Coinbase seems to have become a mixed blessing for cryptocurrencies, and Zcash (ZEC) has become the latest to experience this effect. ZEC has declined from recent levels above $89 to spend around a week at approximately $65 after the Coinbase listing, even though volumes have seen an increase. Coins such as ETC and 0X behaved in the exact same way when listed on the exchange, with steep pumps before the listing occurred, followed by a dump in price as traders sell to ensure profits.