Is Zcash on the rise?

Zcash is on the rise this week. The price of Zcash has risen by 1.63% in the past 7 days. The price declined by 1.69% in the last 24 hours. In just the past hour, the price shrunk by 0.19%. The current price is $33.09 per ZEC. Zcash is 99.44% below the all time high of $5,941.80. The current circulating supply is 16,328,268.75 ZEC.

When did Zec hit a high?

ZEC hit an all-time high of $1,624.58 the day after it was launched in October 2016, according to data market provider CoinMarketCap. But by the following month, ZEC’s price plunged to as low as $54.02. ZEC’s price surged again to $800 in January 2018 at the peak of the crypto-wide bull run.

Why is Zcash's value so volatile?

Zcash value solely depends on supply and demand, and having in mind the complex dynamics of these factors, the price can be quite volatile at times. This means that the value could rapidly drop or rise, depending on large asset movements on the markets.