The story of Zcash has already been roughly sketched by me and others. The currency launched 28 October onto the high seas of the cryptocurrency ecosystem with a strong wind of hype pushing violently at its sails.
On the first morning that Zcash existed, it was trading on cryptocurrency exchanges for over US $4000 per coin. By the next day, the first round of frenzied feeding had subsided and the price was already below $1000. Now, a month later, you’ll be lucky if you can get $100 for a single Zcash coin. Even in the bubble-and-burst landscape of cryptocurrency trading, these fluctuations are completely insane.