Zcash

Today's state: Zcash is trading at $399.16 with a $6.7 billion market capitalization (rank #17). The price moved +0.54% over the past 24 hours and is -8.02% over 7 days; the 30-day move stands at -28.47% and the 90-day at +58.77%.

Position vs cycle: The asset trades deep in the post-peak drawdown regime, more than 70% below its prior cycle high — typical of late-stage bear conditions or assets that have permanently re-rated lower.

Volatility and structure: 30-day realized volatility of 170.2% annualized is extreme for an asset this size. Our composite multi-horizon Price Strength reads Bullish (61/100), 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: +0.49 — a moderate positive relationship.
• Solana reference: +0.52 — a moderate positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Zcash (ZEC) is a cryptocurrency, traded on global digital-asset markets. It trades at $399.16 as of the latest update, with a 24-hour move up 0.54%, placing it at rank #15 by market capitalisation among all listed digital assets. Zcash's current market cap stands at $6.70B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Zcash across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Zcash is a privacy-focused cryptocurrency: it is designed so that transaction amounts, senders and recipients are obscured by default (or optionally), rather than being permanently public the way most blockchains are.

By market value, Zcash sits at rank #17 — a top-25 asset. The project sits in the optional-privacy payments space, and launched in 2016. About 80% of the maximum ZEC supply is in circulation today (16.79M of 21.00M), leaving a moderate emission stream still to come. It currently trades about 93% below its all-time high of $5,941.80 set in October 2016, while sitting roughly 11.5× above its record low.

Zcash achieves confidentiality through cryptographic techniques — depending on the protocol, ring signatures and stealth addresses, or zero-knowledge proofs — that let the network validate a transaction is legitimate without revealing who paid whom or how much. Consensus secures the ledger as usual; the privacy layer sits on top of how transactions are constructed.

By market value, Zcash sits at rank #17 — a top-25 asset. The project sits in the optional-privacy payments space, and launched in 2016. About 80% of the maximum ZEC supply is in circulation today (16.79M of 21.00M), leaving a moderate emission stream still to come. It currently trades about 93% below its all-time high of $5,941.80 set in October 2016, while sitting roughly 11.5× above its record low. Its fully-diluted valuation of $8.38B is about 1.3× the circulating market cap of $6.70B, a gap that signals issuance overhang to factor into any longer-term thesis.

Zcash is used for confidential payments and as a store of value for users who treat financial privacy as a feature rather than a liability. The same properties that make it attractive for privacy also draw regulatory scrutiny and exchange-listing friction in some jurisdictions.

Daily volume runs at about 5.1% of market capitalisation ($342.45M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

To read Zcash's tokenomics, look at the issuance schedule, the share of supply already in circulation, and the gap between market cap and fully-diluted valuation. Approximately 80.0% of maximum supply is currently circulating, meaning roughly 20.0% 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 $8.4 billion stands at 1.3× the current circulating market cap of $6.7 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.

Whether the tokenomics help or hurt comes down to value accrual versus dilution — fee burns, reinvested staking yield and TVL growth on one side, scheduled emissions on the other. A favourable balance lets price grind higher without hype; an unfavourable one means the asset must keep attracting demand just to absorb issuance.

The macro picture for digital assets turns on three levers — Federal Reserve policy, the path of dollar liquidity, and broad risk sentiment. Historically the whole asset class has tracked the global liquidity cycle closely, expanding in easing regimes and contracting when financial conditions tighten.

A handful of traditional gauges tend to lead or confirm crypto moves: the dollar index (strength is a headwind), the 10-year yield (the price of risk capital), gold (an occasional fellow-traveller in debasement trades), and the S&P 500 (which often moves with crypto when liquidity, not fundamentals, is in the driver's seat).

Narrowing to Zcash, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, ZEC has tended to advance with it; when it drains, the move has typically gone into reverse. 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.

Privacy-coin-specific risks: regulatory and delisting pressure (several exchanges have removed privacy assets to satisfy compliance demands), reduced liquidity where listings are restricted, and the cryptographic complexity of the privacy layer itself. These sit on top of ordinary market, custody and volatility risks.