Based on Insidebitcoins, Samson Mow, CEO of Bitcoin technology company JAN3, has advised Zcash (ZEC) investors to take profits from the privacy coin's recent surge and shift into Bitcoin. Mow likened ZEC's price action to Dogecoin (DOGE), urging followers to assess their position on the chart and consider buying Bitcoin with their gains. ZEC has risen over 1,120% since Sept. 28, reaching a 2018 high, with its market cap now exceeding $10 billion. The rally has drawn attention to Zcash's privacy features and tools like the Zashi wallet, though some warn of potential artificial price inflation. Technically, ZEC is testing an ascending channel and faces key resistance at $598.35. The RSI is near overbought levels, but momentum indicators like the 9 and 20 EMAs and MACD still favor bulls. BitMEX co-founder Arthur Hayes has predicted ZEC could rise to $10,000.
Samson Mow Advises Zcash Investors to Buy Bitcoin, Compares ZEC to Dogecoin
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