Review on BitcoinZ by Mehdi hazni
BitcoinZ
bitcoinz is a cryptocurrency. The current rating of this currency is 1089 at the time of writing this review and you have a very small share of the total cryptocurrenies market. Bitcoin currently has the highest percentage of ownership among all cryptos.
Given that this currency is derived from the bitcoin network, the total number of its coins, like bitcoin, is 21 million.
The price of BTCZ has fallen 94.23% compared to the last two years, which indicates that the currency has not been successful in stabilizing its price.
Also, the current price of this currency has dropped by 46% compared to the previous year.
But the currency has grown well over the past month, giving Holders a 36% profit. In my opinion, this currency can be suitable for trading in the medium and short term.
Given the uptrend in the pair with the USDT, if the trend continues, I expect this price increase to continue to around 0.0002 where there is resistance and then enter the price correction process. In the picture below, I have shown the resistance line.
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Pros
- It is currently reasonably priced and can be profitable for the short term (You have to set Stop Loss point)
Cons
- In the long run, its price does not have a good outlook at all
