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Zcash

ZEC

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Zcash

Zcash is a cryptocurrency that offers two types of addresses: transparent addresses that are publicly visible on the Zcash blockchain and shielded addresses that are more private. Coinbase customers can receive Zcash from both transparent and shielded addresses and send Zcash to transparent addresses. Sending to shielded addresses is not supported at this time.

Zcash (ZEC) is a decentralized cryptocurrency that places a strong emphasis on privacy and anonymity. Unlike many other cryptocurrencies, Zcash transactions do not by default reveal the sending and receiving addresses or the amount being transferred. This is achieved through the use of zk-SNARK zero-knowledge proof technology, which allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

Zcash operates on a public blockchain, but it distinguishes itself from other cryptocurrencies through its optional anonymity feature. Zcash transactions can be sent in two ways: transparent and shielded. Transparent transactions are similar to Bitcoin transactions, with all essential information about the transaction available online for anyone to see. Shielded transactions, on the other hand, leverage zk-SNARKs technology to enable completely anonymous transactions over a public blockchain. The fact that the transaction has occurred is recorded on the ledger, but the sending and receiving addresses and the amount sent are not revealed to the public.

Zcash strives to offer its users the right to privacy while still enjoying the benefits of a decentralized, permissionless digital currency. This makes it a potentially valuable tool for individuals and businesses that require transactional privacy for various reasons. For example, it could be used for remittances, online purchases, or any other transactions where the parties involved prefer to keep the details private. Additionally, Zcash provides an option to reveal transaction data for auditing or regulatory compliance, making it a versatile tool that can adapt to different user needs.

Zcash was founded in 2016 by Zooko Wilcox-O'Hearn, a cypherpunk, computer security expert, and entrepreneur. He is also the founder of the for-profit Electronic Coin Company (ECC), which manages the development of Zcash. Wilcox-O’Hearn has contributed to numerous projects in the field of cryptography and information security over his 25-year career. Since its launch, Zcash has attracted attention and has become a high-ranking cryptocurrency.

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Market

United Kingdom Market stats

Market cap

£476.3M

Volume (24h)

£53.6M

Circulating supply

16.3M ZEC

Typical hold time

32 days

Popularity

#101

All time high

£4,558.13

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-0.25%

Price change (1d)

+2.85%

Price change (1w)

-1.74%

Price change (2w)

+1.55%

Price change (1m)

+39.46%

Price change (1y)

+28.73%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Social

Some highlights about Zcash on social media

1,221 unique individuals are talking about Zcash and it is ranked #183 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Zcash has an average sentiment score of 3.6 out of 5. Finally, Zcash is becoming less newsworthy, with 12 news articles published about Zcash. This is a 50% decrease in news volume compared to yesterday.

On Twitter, people are mostly bullish about Zcash. There were 57.71% of tweets with bullish sentiment compared to 5.61% of tweets with a bearish sentiment about Zcash. 36.68% of tweets were neutral about Zcash. These sentiments are based on 428 tweets.

On Reddit, Zcash was mentioned in 81 Reddit posts and there were 149 comments about Zcash. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

1,221 people

Posts

378 posts

Dominance

0.07%

Volume rank

#183

Average Sentiment

3.6 out of 5

News Articles

12

Twitter

Reddit

Posts

81

Comments

149

Post Score

114

Comment Score

120

Zcash is on the decline this week.

The price of Zcash has decreased by 0.25% in the last hour and increased by 2.85% in the past 24 hours. Zcash’s price has also fallen by 1.74% in the past week. The current price is £29.19 per ZEC with a 24-hour trading volume of £53.64M. Currently, Zcash is valued at 99.36% below its all time high of £4,558.13. This all-time high was the highest price paid for Zcash since its launch.

The current circulating supply of Zcash is 16,328,268.75 ZEC which means that Zcash has as total market cap of 16,328,268.75.

FAQ

What is the current price of Zcash?

We update our Zcash to GBP currency in real-time. Get the live price of Zcash on Coinbase.

What is the market cap of Zcash?

The current market cap of Zcash is £476.27M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Zcash?

The all-time high of Zcash is £4,558.13. This all-time high is highest price paid for Zcash since it was launched.

What is the 24 hour trading volume of Zcash?

Over the last 24 hours, the trading volume of Zcash is £53.64M.

What other assets are similar to Zcash?

Assets that have a similar market cap to Zcash include Bitcoin Gold, Gas, Stride, and many others. To see a full list, see our comparable market cap assets.

How many Zcash are there?

The current circulating supply of Zcash is 16 million.

What is the typical holding time of Zcash?

The median time that Coinbase customers hold Zcash before selling it or sending it to another account or address is 32 days.

What is the relative popularity of Zcash?

Zcash ranks 74 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Zcash?

Currently, 92% of Coinbase users are buying Zcash. In other words, 92% of Coinbase customers have increased their net position in Zcash over the past 24 hours through trading.

Can I buy Zcash on Coinbase?

Yes, Zcash is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Zcash guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024