Zcash is a decentralized cryptocurrency focused on privacy and anonymity and one of today’s biggest gainers. This article explains what Zcash is in more detail, whether it’s worth investing in, and the top places to get Zcash today.
Top places to buy Zcash now
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
What is Zcash?
Zcash uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.
Contrary to popular belief, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous.
They do not explicitly reveal the identities of their users, but each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.
Zcash transaction still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, they do not reveal the sending and receiving addresses or the amount being sent.
There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.
Should I buy Zcash today?
Like all cryptocurrencies, Zcash is a volatile asset. Take all investment advice and price forecasts with a grain of salt and be prepared for the unexpected.
Zcash price prediction
According to Coin Price Forecast, 1 ZEC will trade for $271 at the end of 2022, coming to a year to year change of +83%. In the middle of this year, Coin Price expects to see $187 per 1 ZEC.
In the first half of next year, it will lose some value, falling to $261. In the second half, it will gain $20, closing the year at $281, which is +90% to the current price.
Zcash on social media
$ZEC#ZCash giving us a nice set up with clear invalidation. See similarities in highlighted price action.
🌐Verge of printing buy signals on multiple HTF’s
🌐Bouncing off 1M 20EMA🟢 BUY: slow DCA down to $127
🔴SL: S/R flip of $127ST target = $220
LT target= $600 pic.twitter.com/xZTSrsmma9— BLUE BADGE CRYPTO 🌐 (@BlueBadgeCrypto) January 8, 2022
