Zcash Price ZEC

#23

$478.81

1.93%

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Price Information

1 Year Change

1,080.69%

All Time High

$5,941.80 -91.99%

Volume 24h

2.3 B $ -36.38%

Market Cap

7.8 B $ 1.93%

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About Zcash

ZEC Price Pulse: What’s Moving It?

As of now, ZEC (Zcash) is trading at $457.63, reflecting a 24-hour decrease of 8.08%. With a market capitalization of approximately $7.47 billion, ZEC remains a significant player in the privacy-focused cryptocurrency space. The recent price decline can be attributed to broader market trends affecting digital assets, including shifts in investor sentiment, regulatory news, and macroeconomic factors such as interest rate changes and inflation concerns. Additionally, specific developments within the privacy coin niche and competition from other privacy-centric cryptocurrencies may be influencing ZEC’s price movement.

ZEC Price Catalysts: Bull Case & Bear Case

The bull case for ZEC hinges on its strong privacy features, which continue to attract users valuing anonymity and security. Zcash’s utilization of zero-knowledge proofs to provide shielded transactions offers a unique value proposition not matched by many other cryptocurrencies. Furthermore, increasing adoption by merchants and integration with financial services can enhance its utility and demand.

On the other hand, the bear case involves potential regulatory crackdowns on privacy coins, which remain a point of concern for governments aiming to increase transparency in financial transactions. Any unfavorable legislation or exchange delistings could adversely impact ZEC’s liquidity and price. Additionally, technological challenges, competition from other privacy coins, or a sustained bearish crypto market could suppress ZEC’s growth. Therefore, investors should weigh these factors carefully before making decisions.

Frequently asked questions

Why is Zcash going down right now?

Zcash’s recent price decline of 8.08% can be linked to overall market volatility, investor sentiment shifts, and regulatory uncertainties surrounding privacy coins. Broader economic factors and competition within the crypto space also play a role in influencing its price.

What makes Zcash different from other cryptocurrencies?

Zcash stands out due to its use of zero-knowledge proofs, enabling private and shielded transactions that keep sender, recipient, and transaction amounts confidential, unlike many public blockchains.

Is Zcash a good investment for privacy seekers?

Zcash appeals to investors prioritizing transaction privacy and security. However, it's important to consider regulatory risks and market volatility before investing.

How does Zcash maintain user privacy?

Zcash uses zk-SNARKs technology, a form of zero-knowledge proof, which allows transactions to be verified without revealing any details about sender, receiver, or amount.

What impact do regulations have on Zcash?

Regulatory scrutiny targeting privacy coins can lead to exchange delistings and reduced adoption, negatively impacting Zcash’s market value and user base.

Where can I buy Zcash?

Zcash is available on many leading cryptocurrency exchanges, including Binance, Coinbase, and Kraken, where investors can buy and sell ZEC tokens.

Popular Zcash Exchanges

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Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.

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3.9

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KuCoin is one of the world's top ten largest cryptocurrency exchanges, allowing you to buy, sell, and trade 700+ crypto assets.

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

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2.9

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eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

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3.2

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Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

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Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy bitcoin, ether, and other cryptocurrencies. The company is expanding internationally into Europe and Asia.

Rating:

4.0

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Paybis enables you to buy bitcoin with Skrill, credit and debit cards instantly. They offer 24/7 customer service, serving millions of customers in 48 U.S. states and 180+ countries worldwide.

Bit2Me is a prominent Spanish crypto broker, established in 2014. With 230+ cryptocurrencies available, it provides a safe, user-friendly, and comprehensive trading experience, underpinned by its industry-leading customer service.

Rating:

4.4

Reviews: