Zcash on the Rise Today

Zcash is showing a gain of 12.09% over the past 24 hours. The crypto has also had a solid week with a gain of 44.50% over the past 7 days. At current levels, Zcash is still hanging out in the bottom half of the 52-week range. The digital coin has a market cap of $1,221,699,626 and circulating supply of 3,772,844.

Tracking some recent trading levels, we have seen that Zcash (ZEC) has moved to $325.26 on volume of 12911488 for the day. Tracking some RSI values, we see that the one-week is presently 77, the two-week relative strength is 82 and the four-week relative strength of the cryptocurrency is 72. Taking a deeper look at some other time frames, we note that the thirteen-week RSI is 40, the twenty-six week relative strength is 33, and the fifty-two week RSI is 40. All RSI values land on a scale from 0 to 100.

Relative Strength Index (RSI) is a frequently used technical analysis tool. RSI helps measure changes in price movement of a specific cryptocurrency. RSI is a momentum oscillator that moves in a range from 0 to 100. RSI is generally used to interpret whether a cryptocurrency is overbought or oversold. As a general rule, an RSI over 70 may indicate an overbought situation. On the other end of the spectrum, a reading under 30 may indicate an oversold situation. Traders and investors commonly use the RSI indicator in combination with other technical instruments in order to help spot prosperous entry and exit trading points.

About Zcash

Zcash (Symbol: ZEC) is a virtual token which is similar to Bitcoin but with some different practicalities. Like Bitcoin, Zcash employs a distributed blockchain; however, it presents anonymous specialties, by hiding the amounts of transaction and parties associated. In Bitcoin, users’ operations can be tracked if someone knows their address, then all the involved addresses and their exchanged amount are viewed. It means that the amount of tokens moving around is accessible to the public. ZCash encrypts all the information concerning the amount and involved parties. It applies a distinctive proof to secure the Zk-SNARK network security or proof construction. This mechanism allows the platform to manage a bound ledger of balances without establishing parties or swapped volumes included in transactions.

Zcash News

publisher-icon Apr-23-18 09:30PM Bitcoin Private (BTCP) Surges Past ZCash — Did You Claim Yours …
publisher-icon Apr-23-18 08:00AM Zooko Wilcox on Zcash & J.P. Morgan Integration – ETHNews.com
publisher-icon Apr-23-18 08:00AM Cryptocurrencies-Bnr-Bitecoin-Litecoin-Dash-Monero-Zcash-IOTA …
publisher-icon Apr-21-18 08:00AM Zooko Wilcox Zcash – Bitcoin News
publisher-icon Apr-13-18 08:00AM Zcash – Ethereum World News
publisher-icon Apr-12-18 08:00AM Zcash Completes ‘Powers of Tau’ Privacy Ceremony – Altcoin Today
publisher-icon Apr-13-18 08:00AM Zcash Completes ‘Powers of Tau’ Privacy Ceremony – CoinDesk
publisher-icon Apr-13-18 01:55PM Hard Fork Imminent As Zcash Completes Powers of Tau Privacy …
publisher-icon Apr-11-18 08:00AM zcash Archives – CoinDesk
publisher-icon Apr-09-18 08:00AM The Anti-Petro? Zcash Throws Venezuelans a Lifeline – CoinDesk