Zcash is surging on news of migrating to PoS. Downward pressure is driven by over-selling behaviour from ASIC miners, who are liquidating mining rewards to take immediate profit.
PoS validation offers a solution by reducing the environmental footprint of the network, creating yield rewards that encourage long-term holders, and offering community governance mechanisms a reliable medium. If you want to buy ZEC, we have everything for you in this guide.
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What is ZEC?
Zcash is a privacy and anonymity-focused decentralized cryptocurrency. While most crypto transactions are pseudonymous rather than anonymous, ZEC transactions ensure full anonymity.
This is because the asset utilizes zk-SNARK zero-knowledge proof technology, enabling network nodes to verify transactions without making any sensitive data about them available. By default, ZEC transactions do not reveal the amount being sent or the sender and recipient’s addresses.
Should I buy ZEC today?
ZEC can be a very good investment as per expert predictions as long as you apply the right investment strategy.
ZEC price prediction
According to Wallet Investor, the Zcash price can reach $278 within one year. The token can be a profitable investment as the long-term earning potential is +8.98% in 12 months. In 2026, they predict the price will have gone up to $540.
ZEC on social media
Looking at how similar the two charts are I expect BCH to follow the ZCASH chart and pump to 0.618Fib ~$1160 soon. A juicy R:R from current levels for BCH! #Bitcoincash #Zcash #Crypto #BCHUSDT pic.twitter.com/sui0y4Q6eQ
— Blockchain Assets (@BCA_Mgmt) November 24, 2021