The use of unique technologies in the Firo protocol aimed at solving the main problems and improving the functions of the main cryptocurrency provided broad support for altcoin in the cryptocurrency community. The creators of the coin have well-defined plans for its further development, including reducing the verification time, strengthening the network’s protection against DDoS attacks.
Let’s find out the future of Firo cryptocurrency in our XZC price prediction for 2020-2025!
Zcoin (XZC) Fundamental Value
Firo uses the Zerocoin protocol to ensure transaction anonymity in a unique and scalable way. The protocol, originally conceived as an extension for Bitcoin, allows you to send coins that do not have a transaction history.
When sending Firo, the process goes exactly the same as in the case of Bitcoin, and all transactions are recorded in the public registry. But the protocol involves destroying your Firo coins for Zerocoin minting. Zerocoin are new coins without any transaction history.
The main development field is zero-knowledge proof technology. Firo proposed its own concept of transactions. Cryptocurrency is not transferred from one user to another. Instead, the system destroys the transfer amount in the sender’s account and generates a similar amount of funds in the recipient’s wallet.
As we’ve already mentioned, Firo digital money has no history. In comparison with Zcash, there are other features of the project:
Hide the transaction amount. Zcash hides any information, XZC does not show the source of the transfer and the recipient, but leaves the transferred amount open;
Data processing speed. Firo transfer is confirmed in a few seconds, ZEC digital money can be confirmed in a few minutes;
Information storage. Zcash saves less space due to long data processing, XZC is larger, which can cause problems in the future.
Firo uses an RSA drive to preserve anonymity. Similar technology was developed back in 1993. This cryptographic encryption mechanism has already proven itself in practice and is a fairly reliable protection of personal data.
The first peak of Firo cryptocurrency was on October 19, 2016. This was associated with the beginning of listings on several exchanges. In December 2017, Firo releases Znodes which incentivizes high-performance nodes to support Zerocoin private operations and a healthy distributed network. Founder’s rewards are halved. On December 26th, the highest price of $169.99 occurred.
In 2018, the price was gradually dropping to $40. In June 2019, the peak of the Firo price was $14. By the end of 2019, the price went down to $3. Now the price is rising, today one Firo is equal to $8.6.
Firo Technical Analysis
Well, there is not actually any technical analysis expertise of Firo cryptocurrency. However, here is the aggregate rating for XZC from several traders & analysts on TradingView.
Firo (XZC) Price Prediction for 2020-2025
Analysts differently evaluate the potential of the Firo cryptocurrency. On the one hand, the user receives convenient digital money, operating in conditions of increased anonymity. The blockchain system provides network security and decentralization.
On the other hand, many experts emphasize the lack of original ideas. Other cryptocurrencies also provide privacy; no specialist will undertake to predict the successful development of a project solely on the basis of this factor.
Some analysts are optimistic about the future of Firo. At the current stage of development, it is really difficult to predict its growth, but with the introduction of new technologies and the expansion of user potential, cryptocurrency may become in demand.
#1. Crypto Ground XZC Price Prediction for 2020-2025
It is Profitable to invest in Firo (XZC) for the long term. By long-term, the source means that the Firo forecast for a period of 5+ years. The technical analysis using the algorithm says that the price of Firo (XZC) will not decrease or fall or drop in the long term.
In 2021, the price of one XZC will be $6.9439. The price of Firo (XZC) in 2022 will be about $53.5741. As per the forecast and algorithmic analysis, the price of 1 Firo (XZC) will be around $112.9359 in 2025.
#2. Wallet Investor Firo Price Prediction for 2020-2025
XZC is a bad long-term (1-year) investment. The price of Firo may drop from 8.166 USD to 0.415 USD. The change will be -94.920%. However, the price may change up to $13.066 in 2021. In 2025, the price may reach $40.830.
#3. Firo (XZC) Price Forecast for 2020 by Coinpredictor
In one month the coin may change by -59.9% approaching $3.09 and in 3 months -50.6% approaching $3.8. The Long-term forecast is displaying that Firo will be going down in price.
Buy XZC at Changelly with USD, EURO or GBP
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.