Zcash price

How has the Zcash price developed lately? Check out the Zcash (ZEC) price in the graph above. You can zoom in, zoom out, or simply select a custom period. Also keep an eye on the average price, this can help you to time your buy or sell. You know what they say: buy low, sell high!

When talking about cryptocurrencies with friends you often hear them say: “I wish I bought earlier...”. Looking at the figures above, we think it’s safe to assume they’re not referring to Zcash. The Zcash value has only declined compared to a year ago. But don’t despair, that could mean there’s a lot of room for growth! Who knows, in a year you might actually be talking about Zcash when you say you wish you bought earlier. 

Zcash originated on October 28, 2016 as a sort of copy of Bitcoin. This means that the Zcash blockchain is very similar to Bitcoin’s: both are decentralized and both coins release a maximum of 21 million coins. And that scarcity has an impact on Zcash's course.

The big difference with Bitcoin is that Zcash primarily focuses on privacy. For example, you can choose to send a transaction anonymously. Not many coins handle privacy this way, so it’s a very distinctive feature of Zcash.

In the historical price graph above you can see every development the Zcash price has ever went through, but since that can be quite a lot of data to process, we’ll fill you in with an overview of all the highs and lows:

• Zcash entered the market on October 29, 2016. The Zcash launch price was unusually high. One singe coin cost 5,336 euros at the time. As promising as that may seem… Until this day the launch price has been Zcash’s all-time high.

• Barely two days later, the price dropped below the 500 euro price point. Not much was left of the euphoria that surrounded the launch of the privacy coin.

• Or did investors have faith in the currency after all? That same day, at the strike of midnight, the price had surged back up again to 2,000 euros!

• On November 14, 2016, ZEC dropped below 100 euros for the first time. For a few days, Zcash flirted with this price limit, but it was unable to break out.

• November 22, 2016. The coin is now worth just 50 euros. Less than a month after its launch, there’s just one percent left of the original launch price of Zcash.

• Unfortunately the downward trend didn’t stop there, Mid-December, the coin was worth 30 euros.

   

Zcash has always been in the top 30 of the most valuable cryptocurrencies. The currency is also traded on more than 100 exchanges, which means that there’s a lot of demand for ZEC coming from the market.

The great thing about Zcash is that when you send a transaction, you can choose whether this should be done anonymously or not. This functionality makes Zcash unique.

We already briefly mentioned the Zcash block halving. The Zcash algorithm states that fewer new Zcash coins come on the market every four years. Inflation is counteracted with these types of measures. If the supply is lower than the demand for ZEC, scarcity will grow which means prices will rise.

Conducting your own research is very important. Because investing in a cryptocurrency like Zcash is risky, we recommend that you only invest money that you can afford to lose. Even if you’re in a FOMO state of mind, make sure to invest wisely.