ZCash (ZEC) hits new $-0.340000000000003 price after -0.72% drop for a day

It was bad day for ZCash (ZEC), as it declined by $-0.340000000000003 or -0.72%, touching $47. Crypto Analysts believe that ZCash (ZEC) is looking for the $51.7 goal. According to 6 analysts could reach $114.969381352872. The highest price was $47.82 and lowest of $45.8 for September 9-10. The open was $47.34. It last traded at Bitfinex exchange. Aproximately 8,493 ZEC worth $399,124 was traded.

For a month, ZCash (ZEC) tokens went down -21.64% from $59.98 for coin. For 100 days ZEC is down -47.02% from $88.71. It traded at $54.25 200 days ago. ZCash (ZEC) has 7.38M coins mined with the market cap $346.93 million. It has 21.00M coins in circulation. It was founded on 28/10/2016. The Crypto ZEC has PoW proof type and operates under Equihash algorithm.

ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. 

ZCash uses  zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.

Block explorer data from https://explorer.zcha.in/

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