$ZEC Here’s a breakdown of the current ZEC (Zcash) market:

📊 ZEC Market Overview

Price

According to CoinGecko, ZEC is ~ $533.37.

CoinMarketCap has a slightly different number: ~$538.77.

Different exchanges report different prices (e.g., Bybit shows ~$687.66).

Market Cap

CoinGecko: ~$8.74 B.

Circulating supply: ~16.40 M ZEC (per CoinGecko).

Max supply: 21 M ZEC.

Trading Volume

24-hour volume is very high: CoinGecko reports ~$2.68 B.

🔍 Market Drivers & Sentiment

There’s growing interest in privacy coins. Some analysts are saying that ZEC’s recent rally is driven by a renewed narrative around financial privacy.

On-chain data: reportedly over 30% of ZEC supply is now “shielded” (i.e., in privacy-protected pools), which could reduce the liquid supply and boost scarcity.

Institutional interest: According to reports, some big players (like the Winklevoss-backed Cypherpunk) are accumulating ZEC.

According to some long-term bulls, if privacy becomes a preferred hedge, ZEC could potentially go much higher (targets like $600–$1000+ are being discussed).

But: strong volatility — big swings in price are happening, so risk is not trivial.

⚠️ Risks & Things to Watch

Regulatory risk: Privacy coins often attract regulatory scrutiny. That could create headwinds.

Volatility: As seen, ZEC is very volatile — good for traders, riskier for long-term holders.

Liquidity concerns: Even though volume is large, “shielded” ZEC might reduce the amount that’s easy to move or sell on exchanges.

Competition: Other