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ZEC (Zcash) decreased by 8.86% in 24 hours, with a market capitalization of approximately $6.53 billion.
Gate News Bot Message, December 11th, according to CoinMarketCap data, as of press time, ZEC (Zcash) is currently trading at $397.38, down 8.86% in the past 24 hours, with a high of $448.44 and a low of $329.74. The 24-hour trading volume reached $867 million. The current market capitalization is approximately $6.53 billion, down $635 million from yesterday.
Zcash is the first cryptocurrency to develop zero-knowledge encryption technology for private peer-to-peer payments, providing end-to-end encrypted privacy protection. As a decentralized protocol, users have full control over their funds. ZEC uses zero-knowledge proof technology, supporting both shielded and transparent transaction modes. Transaction speeds are faster than Bitcoin, with fees usually only a few tenths of a cent. ZEC has been listed on multiple exchanges and supports various wallets such as Zashi and Edge Wallet, with a complete ecosystem of applications and community support.