Zcash Price for today is $49.2154410764. Its current circulating supply is ZEC 8,676,181 with a market cap of $427,002,087.
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Currently, Zcash (ZEC) is trading at $49.2154 with ZEC price 0.2% down today. The market cap of Zcash is USD 427,002,087 with 8,676,181 zec circulating currently. The 24-hour price movement chart indicates that $316,845,159 worth of ZEC were trading. The price peaked to $50.5100 in the last 24 hours while the lowest price was $46.5200.
The price of the Zcash coin has surged significantly, hitting the market cap of approximately USD 427,002,087. This is because Zcash is favoured for its strengths in privacy that only a few other cryptocurrencies can sport. Zcash finds great application in providing anonymity in the blockchain without revealing any information other than the date and time of the transaction. Through its proof-of-work consensus model using the zero-knowledge proof protocol, Zcash blockchain provides high security, perfect anonymity as well as better speeds for processing transactions than Bitcoin.
There is a possible increase in the ZEC price, predicted to increase to $319.527 by the end of this year. This is an expected increase of a healthy 549.241362%. Zcash price prediction suggest that the Zcash price is up for a long-term 2425.000229% in the ZEC price value with a 5-year investment. This means that in the year 2023, the Zcash price is forecasted to stand at $1242.69 . You can keep track of Zcash’s progress by adding it to your wallet portfolio.
The Zcash price prediction can be made on the basis of interesting partnerships that the cryptocurrency firm has done over the past years of its operations, the most notable being the partnership with the financial giant JP Morgan, who want to implement features of Zcash’s blockchain technology in their own applications. CoinSwitch allows the checking of Zcash price chart in real-time for the efficient trading through a simplified and secure process.
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Blockchain as a technology has revolutionized the financial industry as we know it. It has been a decade since Bitcoin was first introduced anonymously. And it has given rise to multiple other cryptocurrencies that build upon the weak points of Bitcoin and its blockchain. One such cryptocurrency that has gained immense popularity is Zcash (ZEC), which was created to make the transfer of currency anonymous and more secure.
CoinSwitch is a cryptocurrency exchange which supports the trading of 300 different kinds of cryptocurrencies and alt-coins, including the Zcash coin. CoinSwitch lets you buy Zcash, sell Zcash as well as facilitating Zcash trading and exchange in the simplest and most seamless manner. CoinSwitch helps you to compare between different cryptocurrencies and ZEC coin easily.
The price of Zcash cryptocurrency is displayed inclusive of the CoinSwitch platform fees, which keeps the transaction realistic and transparent. CoinSwitch supports the trade between the sender and the receiver with considerable ease by providing a user-friendly UI which helps directly deposit the amount into the benefactor’s ZEC wallet which has a unique key that CoinSwitch lets you keep private.
Zcash cryptocurrency provides the anonymity of transactions which is not offered by Bitcoin. Although BitCoin does not reveal the stakeholders’ identities but buying patterns, account balances etc. can be tracked. Zcash keeps this information hidden and helps in secure transactions, even while keeping the transactions ledger public.
Although Zcash has excellent applications, the transaction speed of 6-26 transactions per second is a problem towards the scale of Zcash. ZEC cryptocurrency was introduced in 2016 by a developer named Zooco Wilcox and is supported by famous people like Edward Snowden, cryptocurrency legend Roger Ver, who is also an investor and ex-banker Barry Silbert.
If you are new to crypto trading, it's always advisable to learn about, what is Zcash, it's benefits and indicative return on investment.