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Zcash Token (ZEC): Should you Invest?

Zcash token (ZEC) is one of the top 100 most popular cryptocurrencies currently. In terms of market cap, it is currently the 64th largest digital currency (over US$2.81 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the Zcash token, how it works, and many more.

What Is Zcash Token (ZEC)? 

Zooko Wilcox-O'Hearn (an entrepreneur and computer security expert) founded Zcash in 2016. The development of Zcash is managed by the for-profit Electronic Coin Company (ECC), which was also founded by Zooko Wilcox. 


Zcash is a decentralized cryptocurrency that focuses on anonymity as well as privacy. This crypto uses the zk-SNARK zero-knowledge proof technology, allowing network nodes to verify transactions. The best part is that no sensitive information regarding those transactions is revealed. 


Though most people believe that Bitcoin transactions are anonymous, in reality, they are only pseudonymous in nature. Each user has a public address or a series of addresses and interested people can use data science methodologies and blockchain forensics to trace back to individuals. 


This is where Zcash is superior to Bitcoin and other cryptocurrencies. It keeps your identity anonymous and doesn’t reveal the amount sent during a transaction or cryptos that send/receive cryptos. However, you can reveal your data for auditing or regulatory compliance. Zcash is originally based on Bitcoins codebase. It was ultimately on October 28, 2016, Zcash was released.

Zcash token (ZEC): Facts & Figures

All these facts and figures (as of November 11, 2021) will help you to make a decision on investing in Zcash ZEC coins. Before making Zcash transactions, check out these facts and figures associated with this cryptocurrency of choice:


  • Zcash crypto Price: US$213.24 (Current Zcash Price)
  • 24hour Trading Volume (24h Volume): US$920,954,397
  • All-Time High (ATH) Price: US$5,941.80 (reached on Oct 29, 2016)
  • All Time Low (ATL) Price: US$18.94 (reached on Mar 13, 2020)
  • 24h Low: US$172.27
  • 7d Low: US$155.69
  • 30d Low: US$113.38
  • 90d Low: US$100.26
  • 52 Week Low: US$49.87
  • YTD (Year-To-Date) Return: 279.81% YTD (Year-To-Date)
  • Market Cap: US$2,813,505,932 (US$2.81 billion)
  • Crypto Rank (in terms of market cap): 64th in the crypto market
  • Fully Diluted Market Cap: US$4,415,589,937
  • Max Supply: 21,000,000
  • Total Supply: 13,063,663
  • Circulating Supply: 13,063,662.50 ZEC (62%)


These are the facts that made Zcash coin a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins and how to earn crypto easily. 

How Is the Zcash Network Secured?

The proof of work SHA-256 hash function ( which belongs to SHA-2 set algorithms) secures the Zcash network. 

Where can you Buy Zcash Tokens?

You can buy Zcash coins in almost all top exchanges including:


  • Binance
  • HitBTC
  • Huobi Global
  • BKEX
  • OKEx, and many more.


You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 


The most popular Zcash coin price pairs of Zcash are:

  • ZEC/USDT
  • ZEC/BTC
  • ZEC/USD, and many more.


Before investing, check out historical data of token Zcash coin, fundamental analysis, crypto news, Zcash coin price charts, price performance, market updates, Zcash to USD (United States Dollar) exchange rate, Zcash price history, Zcash speed, ZEC price prediction and price forecast, and others.

What are the Best Crypto Wallets to Store Zcash coin Coins?

The best Zcash coin wallets to store ZEC coins are:


  1. Ledger Nano X Wallet
  2. Ledger Nano S Wallet
  3. Exodus Wallet
  4. TREZOR Model T Wallet
  5. Atomic Wallet
  6. TREZOR One Wallet
  7. KeepKey Wallet
  8. Sugi Wallet
  9. Coinomi Wallet
  10. Cryptonator Wallet

Invest in Zcash coin and Other Cryptocurrencies

You can buy and sell Zcash coin and other virtual currencies (including Cardano price) against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Zcash coin markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 


If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 


You can also diversify your crypto coin portfolio by including other digital assets such as ZEC, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 


Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. 

Invest in NapBots: A Dynamic Cryptocurrency Index

Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies for enabling cryptocurrency investors to streamline their trading experience in new ways. 


NapBots provides you with various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.


The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error. 


Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.