Analysts covering ZCash (ZEC) look at the -1.54% fall on February 9-10

ZCash (ZEC) had a bad 24 hours as the cryptocurrency declined $-0.780000000000001 or -1.54% trading at $49.78. According to Global Cryptocoin Analysts, ZCash (ZEC) eyes $54.758 target on the road to $90.8138285333215. ZEC last traded at OKCoin exchange. It had high of $51.94 and low of $49.77 for February 9-10. The open was $50.56. About 22,741 ZEC worth $1.16 million traded hands.

ZCash (ZEC) is down -11.92% in the last 30 days from $56.52 per coin. Its down -58.13% in the last 100 days since when traded at $118.89 and the annual trend is down. 200 days ago ZEC traded at $222.55. ZEC has 5.86 million coins mined giving it $291.82M market cap. ZCash maximum coins available are 21.00M. ZEC uses Equihash algorithm and PoW proof type. It was started on 28/10/2016.

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.

Block explorer data from https://explorer.zcha.in/