ZenCash (ZEN) plunges -7.84% on December 5-6

December 6, 2017 - By Louis Casey

ZenCash (ZEN) had a bad 24 hours as the cryptocurrency declined $-3.01 or -7.84% trading at $35.35. According to Global Crypto Analysts, ZenCash (ZEN) eyes $38.89 target on the road to $64.45. ZEN last traded at BitTrex exchange. It had high of $41.55 and low of $35.27 for December 5-6. The open was $38.36.

ZenCash (ZEN) is up 68.35% in the last 30 days from $21.00 per coin. Its up 214.53% in the last 100 days since when traded at $11.24 and the annual trend is up. 200 days ago ZEN traded at $0.00 (non existent). ZEN has 2.46M coins mined giving it $86.82M market cap. ZenCash maximum coins available are 21.00 million. ZEN uses Equihash algorithm and PoW proof type. It was started on 09/03/2017.

ZenCash aims to be a secure and useful privacy coin offering users zero-knowledge proof shielded transactions over an end-to-end encrypted network provided by compensated secure nodes. The project launched as a fork of Zcash technology using zk-SNARKs but is building out in a direction focusing on usability grassroots community involvement and a self-funding treasury model that compensates stakeholders for continued network improvements and growth.

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