Analysts noticed ZCash (ZEC)’s 24 hours move up of 3.49%

It was good day for ZCash (ZEC), as it jumped by $2.36 or 3.49%, touching $69.89. Cryptocoin Analysts believe that ZCash (ZEC) is looking for the $76.88 goal. According to 6 analysts could reach $154.54. The highest price was $70.39 and lowest of $67.21 for April 16-17. The open was $67.53. It last traded at Exmo exchange. Aproximately 8,853 ZEC worth $610,467 was traded.

For a month, ZCash (ZEC) tokens went up 27.19% from $54.95 for coin. For 100 days ZEC is up 13.83% from $61.40. It traded at $133.21 200 days ago. ZCash (ZEC) has 6.34M coins mined with the market cap $442.76 million. It has 21.00M coins in circulation. It was founded on 28/10/2016. The Crypto ZEC has PoW proof type and operates under Equihash algorithm.

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, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.

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