Zcash

Estado actual: Zcash is trading at $423.32 with a $6.9 billion market capitalization (rank #17). The price moved +16.82% over the past 24 hours and is -25.60% over 7 days; the 30-day move stands at -30.95% and the 90-day at +97.33%.

Posición en el ciclo: A drawdown of this magnitude is within the typical correction range — historically resolved in either direction, often via a re-test of the prior peak before a definitive break.

Volatilidad y estructura: 30-day realized volatility of 180.0% annualized is extreme for an asset this size. Our composite multi-horizon Price Strength reads Bullish (60/100), with a constructive multi-horizon profile that includes positive 24-hour and 7-day moves.

Beyond Bitcoin, ZEC's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: +0.45 — a moderate positive relationship.
• Ethereum reference: +0.50 — a moderate positive relationship.
• Solana reference: +0.52 — a moderate positive relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

Zcash (ZEC) is una criptomoneda, negociada en los mercados globales de activos digitales. It trades at $423.32 as of the latest update, with a 24-hour move up 18.10%, placing it at rank #14 by market capitalisation among all listed digital assets. Zcash's current market cap stands at $6.91B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

En esta página encontrarás un panel en vivo, actualizado diariamente, que rastrea Zcash a través de múltiples fuentes de datos — historial de precios de varios años, actividad on-chain cuando está disponible, fundamentos como oferta circulante y dilución, principales exchanges por volumen, análisis técnico con medias móviles y RSI, y un pronóstico algorítmico a corto, medio y largo plazo. Todas las cifras provienen de APIs públicas y se almacenan localmente; nada de lo aquí publicado constituye asesoría de inversión.

Zcash (ZEC) is a proof-of-work cryptocurrency designed primarily as digital money — a decentralized, permissionless monetary network where transactions are verified by miners rather than any central authority. Its value proposition rests on credible scarcity, censorship resistance, and the security of its proof-of-work consensus.

Zcash es una criptomoneda de prueba de trabajo: los mineros compiten por extender la cadena resolviendo un acertijo computacional, y el primero en encontrar una solución válida obtiene la recompensa del bloque. No hay contratos inteligentes, ni staking, ni conjunto de validadores, ni gobernanza on-chain. El protocolo es intencionalmente mínimo y de propósito único.

Issuance follows a predictable, decreasing schedule. Network security scales with the total computing power dedicated to mining; higher hashrate makes the chain more expensive to attack and is generally viewed as a vote of confidence by miners in the asset's future price.

Zcash is used primarily as a store of value, a medium of exchange, and a settlement layer. It is not a smart-contract platform and does not host decentralized applications. Adoption typically reflects two themes: digital sound money (similar to Bitcoin's thesis) and cheap, fast peer-to-peer payments where the parent monetary network is congested or expensive.

Zcash's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. Approximately 77.8% of maximum supply is currently circulating, meaning roughly 22.2% of total potential supply remains to be issued. This implies a structural emission stream against current demand for the asset. The fully diluted valuation (FDV) of $8.9 billion stands at 1.3× the current circulating market cap of $6.9 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

For thesis-building, the relevant question is whether the structural value accrual mechanism (fee burns, staking yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

The macro backdrop for crypto assets in 2026 is dominated by the Federal Reserve's rate path, the trajectory of dollar liquidity, and the unwind (or non-unwind) of the post-2020 expansion in M2 money supply. Crypto assets — and Bitcoin in particular — have historically responded most strongly to changes in the global liquidity regime, with risk-on phases coinciding with falling real yields and a softening dollar, and risk-off phases the inverse. Given the 90-day BTC correlation of +0.45, ZEC's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

The cross-asset relationships worth monitoring: the dollar index (DXY) — historically inversely correlated with crypto over longer windows; the 10-year Treasury yield — a proxy for the cost of risk capital; gold — which often shares "monetary hedge" framing with Bitcoin during certain regime changes; and the S&P 500 — which during liquidity-driven moves often rhymes with crypto despite the popular framing of crypto as uncorrelated.

For Zcash specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, ZEC tends to follow; when they contract, the relationship typically reverses.

Riesgos clave incluyen: centralización minera (las cadenas PoW más pequeñas son más fáciles de atacar al 51%), hashrate decreciente relativo a Bitcoin (lo cual eleva el coste relativo de un ataque), presión regulatoria sobre el uso de energía, y sensibilidad de la acción de precios respecto a Bitcoin (la mayoría de las altcoins PoW tienen fuerte correlación con BTC). El dimensionamiento de posición debe reflejar que la volatilidad de las altcoins PoW tiende a amplificar los movimientos de BTC en ambas direcciones.