Ever since ZCash as launched, people have been paying close attention to its price. Although its value against Bitcoin has declined, one ZEC is still quite costly. In fact, one can say the price of ZCash is going up slowly but steadily. Despite a small dip in value over the past 24 hours, ZCash is setting new highs month after month. Quite an impressive trend on the charts, when looking at the bigger picture.
The uptrend of ZCash cannot be denied. Everyone knew ZEC would get dumped hard as soon as exchanges enabled the trading pair. Unlike other alternative cryptocurrencies, ZCash is not plummeting to the ground, though. In fact, its USD value is going up month over month, creating quite an impressive price graph to date. Right now, one ZEC is worth just over US$41.6, making it the second most valuable cryptocurrency in the world.
ZEC Value Keeps Rising Over Time
To put this into perspective, ZCash’s market cap remains fairly small compared to Bitcoin’s. With over US$17. 4m, the market cap is nothing to sneeze at. But it is still well behind Bitcoin and most other major altcoins in existence today. Then again, ZCash has a much