Zcash Token priceZEC

JUST IN: Zcash $ZEC reclaims $500 for the first time since February 2018 (2,830 days) — up 3,000% from its 2024 lows

ZEC Short-Term Breaks $497, Surges Over 20% in 24 Hours

Asifcrypto0 Here’s the latest update on Zcash (ticker: ZEC) — what’s going on, what’s changed, and what to watch. This is not investment advice, just information. ✅ What’s happening ZEC is trading in the ballpark of US$480–500. For example one data point shows ~$483.61 USD, with a market cap around US$7.8-8 billion. It has rallied strongly recently: 7-day and monthly gains are very large. For example, one source says a 172 % increase over a month. The “privacy coin” narrative is driving interest: Zcash (with its shielded transaction capability) is getting attention as regulators and users focus more on privacy features. Protocol developments: The Zcash codebase and infrastructure are being upgraded (node software, wallet improvements, shielded transaction UX) and there’s a halving event on the horizon that could affect supply dynamics. On the flip side: Big short positions are being taken by “whales” (large players) — e.g., one $76 M short position noted. 🔍 Key features to know Zcash is a privacy-focused cryptocurrency: it allows for “shielded” transactions (using zk-SNARKs) so sender, recipient and amount can be hidden if the user chooses. Max supply: 21 million ZEC. Circulating supply is around ~16 million+. Mining model: Proof-of-Work, similar to how Bitcoin works, though with additional features. 🎯 What to watch / potential catalysts Halving Event: Zcash is expected to reduce block reward (similar to Bitcoin) — when supply issuance drops, that can sometimes pressure price upward (if demand stays constant or increases). Adoption of shielded transactions: If more users/wallets/exchanges adopt its privacy features (especially the “shielded” pool increasing), that could strengthen the case for Zcash’s distinct identity. Regulatory environment: Because Zcash offers strong privacy features, regulatory scrutiny is higher. Any negative regulation (bans, restrictions) could weigh on it. Technical execution: The roadmap includes infrastructure upgrades (new node software “zebrad”, improved wallet, cross-chain integration). Delays or bugs could hurt sentiment. General crypto market trends: Even though ZEC is moving differently than many altcoins, If you like, I can check live on-chain metrics (like shielded pool size, miner hash rate), exchange flows, and compare ZEC vs other privacy coins (like ) — would you like that?

Meanwhile $ZEC Am I in 2017?