Alternative cryptocurrency Ether Zero (ETZ) has reached $1.23 million one day volume on 26 May and a market capitalization amounting to $17.25 million.
What is Ether Zero
ETZ is an alternative cryptocurrency which started on January 15, 2019. A group of technical and professional geeks initiated this new generation public chain. Currently, the total supply of ETZ is around 204,111,667 coins. About 162,082,254 coins are in circulation.
The proof-of-work (PoW) coin which utilizes the Ethash hashing algorithm was traded 4.1% higher against the US dollar.
Week-on-week, ETZ was up 2.6% compared to the US dollar. This means that investors can now buy the digital currency for $0.11 or 0.00001211 BTC on exchanges including EXX, DigiFinex, Cryptopia, and Hotbit.
Moving forward, Wallet Investor tagged ETZ as a bad long-term investment at least for one year.
“At Walletinvestor.com we predict future values with technical analysis for a wide selection of digital coins like Ether Zero,” it said.
As of 27 May, ETZ price equal to $0.112, but Wallet Investor believes current investment could be devalued in the future.
The research firm noted that the alternative cryptocurrency has been in a bearish cycle over the last 12 months which make it not a good investment for making money.
How to trade Ether Zero
Ether Zero is currently trading on 14 active markets. It can be generated through the process of mining. It cannot be bought directly using US dollars.
If you wish to trade ETZ, you first need to buy Ethereum or Bitcoin through an exchange dealing in US dollars like Changelly, as GDAX,or Gemini. You can then use the newly-purchased digital currencies to buy ETZ through one of the exchanges mentioned above.