$ZEC Zcash (ZEC) is a privacy-focused cryptocurrency that originated as a fork of Bitcoin and introduced zero-knowledge proofs (zk-SNARKs) to keep transaction details (amounts, addresses) private while preserving blockchain security and decentralization. It has a fixed maximum supply of 21 million ZEC and is widely traded on major exchanges. �
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Current Market Snapshot:
As of the latest data, ZEC is trading around $240–$245 USD with a market cap close to $3.9–$4.0 billion USD and significant trading volume. �
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📈 Recent Price Action & Technical Context
Downtrend & Bounce: ZEC recently saw a technical rebound from oversold conditions, with momentum indicators suggesting relief buying after a steep sell-off. Holding key support around ~$220–$230 will be important for stabilizing this bounce. �
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Volatility: The privacy coin has been volatile over shorter timeframes—sharp drops interspersed with relief pops—making short-term trend direction uncertain. �
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Longer Trend: Over the past year ZEC has shown strong gains historically (hundreds of percent from prior lows), but remains far below its all-time highs from 2016. �