Age 1yr 4mos

Marketcap (current) $1.3B

Price (USD) $394.79

Price (BTC) 0.0404฿

24hr Change (%) +1.60%

24hr Trade Volume $57.79M

All Time High $953.34

All Time High Date 2018-1-7

% down from ATH 58.59%

ZCash is a clone of bitcoin with the addition of strong privacy at the protocol level. ZCash achieves this through the use of a relatively new cryptographic technique called 'ZKSnarks'. ZCash transactions optionally employ the privacy features, thus there are two types of transactions available: standard bitcoin-like transactions, and 'shielded' private transactions that offer no visible blockchain history.

    ZCash originated as a code-fork of Bitcoin, and kept the overall monetary-supply properties: block-reward halvings every 4-years, resulting in a total supply cap of 21,000,000 ZEC. While the overall supply is the same as bitcoin, the details differ. Specifically, ZCash uses 2.5minute blocks, generating 12.5 ZEC per block. Furthermore, 20% of the new coins issued in every block during the first 850,0001 blocks (~4 years) are considered 'Founder Rewards' and are allocated to the owners of the ZCash Company2. After block 850,000, all block rewards go to miners, resulting a total of 10% of the total eventual ZEC supply allocated as 'Founder Rewards'.



The Ichimoku Cloud metrics on the 3 hours chart, which can be used to identify trending markets, are all bearish. However, a likely bullish TK cross on the horizon and growing Cloud suggests price has dropped quickly and began ranging without making lower lows. Based on this, price is expected to move through the Cloud towards the flat kumo at 0.04849751sats. A long entry for the edge to edge trade would be initiated with a candle close in the Cloud, potentially between 25th - 28th of this month through the first week of march.. Also volume gives a strong signal as it as greatly decreased.

    Technical suggest that buying ZEC 0.0399136sats (or at current price and wait) - 0.0380163sats

STOP LOSS: 0.03752675sats

PROFIT TARGET: 0.0479215sats - 0.050328sats

Disclaimer: The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

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