Zcash Price Soars Past $795 as Market Capitalization Hits $13.38 Billion
Zcash (ZEC) has reached a market capitalization of $13.38 billion and ranked 11 among all crypto assets, following its price increase to $795.03 US dollars, which is 8.5% above the highest daily close in the past 12 months. The coin's price has surged by 1,708.6% over the past year.
The analysis of Zcash's price shows that it stands above every reference level produced by the calculation, including the 200-day exponential moving average at $435.00 US dollars and the 50-day exponential moving average at $506.01 US dollars. However, these averages are too far below the current price to serve as support in a practical sense.
The 14-day relative strength index stands at 83.5, indicating that the ZEC price is in an overbought range but does not predict a fall in the market trend.