Share this article
Zcash Nears $40 in Ongoing Price Decline
Zcash (ZEC) prices pushed closer to $40 on 15th December, extending their recent losses.
Updated Sep 11, 2021, 12:45 p.m. Published Dec 15, 2016, 11:50 p.m.
The price of Zcash inched closer to $40 on 15th December, falling to as little as $40.08 during the session, according to data from CoinMarketCap.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ZEC tokens have never reached $40 before, so this price level would represent a new low for the digital currency.
Zcash has generated significant visibility since its launch, with supporters pointing to its zero-knowledge proofs, called zk-SNARKS, as a means of achieving greater privacy for transactions.
ZEC prices surged on their first trading day of 28th October, reaching approximately 3,300 BTC (more than $2 million) on Poloniex. However, the digital currency's price quickly declined, ultimately falling to 48 BTC that day.
Zcash has thus far failed to obtain adoption, and cryptocurrencies like Monero remain dominant on the Dark Web, where users derive significant benefit from maintaining privacy in their transactions. Since ZEC tokens have not obtained a meaningful use thus far aside from trading, some market observers have asserted that their value is, at present, purely speculative.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in the startup developing the open-source Zcash platform.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul
The bitcoin miner extended maturities, reduced coupon costs and strengthened its capital structure.
What to know:
- IREN completed a refinancing deal involving a $2.3 billion convertible senior notes offering and a $544.3 million repurchase of existing notes.
- The new notes include $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033, and a $300 million greenshoe allotment.
- The transactions provided $2.27 billion in net proceeds, reduced IREN's cash coupon burden, and extended its debt maturity profile.
Top Stories
