Zcash (ZEC)
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, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.
1. ZEC Basic Info
| Symbol | ZEC |
| Name | Zcash |
| Web Site | https://z.cash/ |
| Explorer | https://zcashblockexplorer.com/,https://www.oklink.com/bsc/token/0x1ba42e5193dfa8b03d15dd1b86a3113bbbef8eeb,https://blockchair.com/zcash,https://bscscan.com/token/0x1ba42e5193dfa8b03d15dd1b86a3113bbbef8eeb,https://blockexplorer.one/zcash/mainnet |
| Supply | 16328268 |
| Total | 21000000 |
| Market Cap | 496081081.8151145 |
| White Paper | https://github.com/zcash/zips/blob/master/protocol/protocol.pdf |
| Release Date | 2016-10-28 |
2. ZEC Technical Info
2.1 ZEC Kline Chart Price
2.2 ZEC Technical Analysis
Based on the provided K-line data, the future trend is expected to be bearish. A short-term consolidation phase is likely, followed by a continued downward movement. Resistance levels will be found around 32.50 and 33.80. The price may test the support level around 29.00. It s also crucial to monitor volume, as any significant increase in selling volume could accelerate the decline. Overall, the market sentiment leans towards a bearish outlook in the short to medium term. Traders should consider adopting a cautious approach.
