Can ZEC Show Boost Upward Despite Bearish Trend?
The post Can ZEC Show Boost Upward Despite Bearish Trend? appeared on BitcoinEthereumNews.com. ZEC coin is a cryptocurrency that aims to provide privacy and anonymity for its users. It uses a technology called zk-SNARKs, which lets transactions be confirmed without exposing any private information. The coin is based on Bitcoin and has the same maximum number of coins: 21 Million. If all the 21 million ZEC tokens that exist today were in the market, the total value of Zcash (ZEC) would be $519 Million. As per CoinGecko, which is a crypto data analysis website, this is a hypothetical scenario that shows the maximum potential market cap of Zcash. The actual market cap may be lower, depending on how long it takes for all the ZEC tokens to be released into circulation. ZEC crypto plummeted by 1.95% in market value and by 7.03% in trading volume in the last 24 hours, as per CoinMarketCap, which is a crypto data and info website. Its market value is $403,984,951 and its trading volume is $36,765,403. There are 16,328,269 ZEC in circulation. Zcash (ZEC) open interest is $11.73 Million, as per Coinglass, which is a crypto analysis website. It rose 0.92% in the previous session. The long versus short ratio for 24 hours is 0.9826. The total number of short positions added in the last 24 hours is zero against longs of $6,141.346. ZEC Coin Price Technical Analysis in the 1-Day Timeframe In the last month, ZEC price dropped by 3.06%, indicating a lack of demand and confidence from investors. The situation is even worse when looking at the past six months, where the price plummeted by 34.53%, losing more than a third of its value. Furthermore, the year-to-date return of the price is also negative, with a 33.62% decrease, showing that the ZEC coin has not been able to recover from the bearish trend that started…
The post Can ZEC Show Boost Upward Despite Bearish Trend? appeared on BitcoinEthereumNews.com.
ZEC coin is a cryptocurrency that aims to provide privacy and anonymity for its users. It uses a technology called zk-SNARKs, which lets transactions be confirmed without exposing any private information. The coin is based on Bitcoin and has the same maximum number of coins: 21 Million. If all the 21 million ZEC tokens that exist today were in the market, the total value of Zcash (ZEC) would be $519 Million. As per CoinGecko, which is a crypto data analysis website, this is a hypothetical scenario that shows the maximum potential market cap of Zcash. The actual market cap may be lower, depending on how long it takes for all the ZEC tokens to be released into circulation. ZEC crypto plummeted by 1.95% in market value and by 7.03% in trading volume in the last 24 hours, as per CoinMarketCap, which is a crypto data and info website. Its market value is $403,984,951 and its trading volume is $36,765,403. There are 16,328,269 ZEC in circulation. Zcash (ZEC) open interest is $11.73 Million, as per Coinglass, which is a crypto analysis website. It rose 0.92% in the previous session. The long versus short ratio for 24 hours is 0.9826. The total number of short positions added in the last 24 hours is zero against longs of $6,141.346. ZEC Coin Price Technical Analysis in the 1-Day Timeframe In the last month, ZEC price dropped by 3.06%, indicating a lack of demand and confidence from investors. The situation is even worse when looking at the past six months, where the price plummeted by 34.53%, losing more than a third of its value. Furthermore, the year-to-date return of the price is also negative, with a 33.62% decrease, showing that the ZEC coin has not been able to recover from the bearish trend that started…
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