Zcash
ZEC#9ZEC is a proof-of-work digital currency with optional privacy: shielded transfers hide sender, receiver and amount.
- Market cap
- $22.26B
- Volume 24h
- $1.15B
- All-time high
- —
- Circulating supply
- 16.9M of 21M
Passes our 8 Shariah criteria. Needs caution: benefit and harm (maslahah).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Moderate
Moderate fundamentals: a 21 million cap and record use of private transactions, set against a 2026 developer split, a serious shielded-pool bug that needed emergency upgrades, and growing regulatory limits on privacy coins.
Reviewed every 3 months and on major eventsNews: Mixed
A strong period for Zcash, with ETF inflows, a record price above $1,000 and holder support for faster blocks, offset by hacked funds being moved into its shielded pool.
Reviewed monthly and when something material happens- NegativeWallets tied to the $387.5M Bitget hack move about $4M of ZEC into the shielded poolUsing Zcash privacy features to obscure stolen funds adds to regulatory and reputational pressure on privacy coins.
- PositiveZcash holders back 25-second blocks and keeping the halving schedule for the NU7 upgradeNearly 2.4 million ZEC took part in the poll, giving a clear mandate for faster transactions while preserving the bitcoin-style supply schedule.
- PositiveZEC tops $1,000 as ETF inflows and mining capacity growThe Block linked the move to inflows into Grayscale's Zcash ETF and record mining difficulty, a sign of rising institutional and miner commitment.
- PositiveGrayscale launches the first US Zcash ETF (ZCSH) on NYSE ArcaThe fund drew more than $233M of inflows in under a month and plans a 3-for-1 share split, giving regulated access to ZEC.
- PositiveIronwood upgrade (NU6.3) activates, opening a new shielded pool and sealing Orchard behind a turnstileThe upgrade adds a new shielded pool using the patched circuit and a turnstile that lets anyone audit that no more ZEC leaves Orchard than entered it, following the May flaw. About 3.6 million ZEC remained in Orchard at the time.
- NegativeEmergency NU6.2 hard fork fixes a soundness flaw in the Orchard shielded pool circuitA flaw found on 29 May could in theory have allowed counterfeit ZEC. Orchard was disabled by emergency releases and re-enabled with a corrected circuit; developers saw no evidence of exploitation.
- NegativeDubai regulator DFSA bars privacy tokens from regulated trading in the DIFCRegulated firms in or from the financial centre may no longer trade, promote, run funds in or offer derivatives on privacy tokens, a category coverage links to coins such as ZEC; holding them in personal wallets is not affected.
- NegativeThe entire Electric Coin Company team quits after a governance clash with the Bootstrap boardThe main Zcash development team left its nonprofit parent and said it would form a new company; ZEC fell about 14% in a day. The protocol itself was unaffected.
Price & market
ZEC trades around $1,344, inside its current zone of $1,310–1,370 and high in its yearly range after a sharp monthly rise and a recent pullback. The trend is up, with price far above the 50-day and 200-day averages, and a capped supply and growing private use support the picture. At this price the upside to $1,550 (+15.4%) is smaller than the downside to $1,020 (−24.1%), so the balance is unfavourable. Very high volatility, futures-heavy trading and tighter rules on privacy coins are the main threats. For the next 2–12 weeks the picture is cautious, and the long-term picture is neutral.
- Review level
- $1,020
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 5 days to go.
Where it trades
Section in preparation
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