Zcash (ZEC) is up 4% today: here is where to buy ZEC coin

Zcash (ZEC) price is has surged by more than 4% today as analysts expect the coin to rally towards $200 in the first quarter of 2022.

The coin had attempted to break past $275 in November 2021 before falling to the current bottom towards the end of the year. It has however shown a renewed bullish outlook that analysts believe investors can capitalize in.

As a result, Invezz has produced an article on where to buy the Zcash coin to assist investors who are wondering how to go about it.

To find out more about the Zcash coin and where to buy it, continue reading.

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What is Zcash?

Zcash is a decentralized blockchain network focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology to allow nodes on the network to verify transactions without revealing any sensitive information about those transactions.

The majority of cryptocurrencies in the crypto market, including Bitcoin, are not anonymous, but rather pseudonymous. They do not explicitly reveal the identities of users, but rather reveal the public addresses of the users.

Zcash, on the other hand, unlike pseudonymous cryptocurrencies does not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for auditing or regulatory compliance.

The native token of the Zcash network is called ZEC.

Should I buy ZEC coin today?

If you are looking for a cryptocurrency that has just started raising after a major drop, then Zcash is a good choice.

However, buying cryptocurrencies can be very risky because the crypto market is very volatile; meaning they experience very large sudden price changes. Therefore, it is always important to conduct thorough research before investing in any crypto.

Zcash price prediction

Analysts Zcash could be on the verge of a major break out following today’s bullish outlook and the bullish stance in the last few days.

$ZEC social media coverage