Zcash is trading for $99.47 with a 24-hour trading volume of $264.2 million. It gained 12% in the last 24 hours. Will it break $100? If you are attracted to unique features and want to learn how and where to buy Zcash, this guide is for you.
Top places to buy Zcash now
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What is Zcash?
Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.
The majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but pseudonymous. Each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.
Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent.
There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.
Should I buy Zcash today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
Zcash price prediction
Cryptonewsz is extremely bullish on Zcash, predicting it will reach $340 by the end of 2022, more than three times its current value. It might peak at $360 this year or drop down to a minimum of $300.
By the end of 2023, Zcash might reach $400. The predicted high for next year is $430 with a low of around $360.
Zcash on social media
— Nextiscrypto ⓩ🛡 ZEC $55k (@nextiscrypto) February 2, 2022