The combination of limited initial supply with widespread demand led to a classic supply shortage that boosted the price of zcash. On the first day of trading, the coin momentarily achieved a price of 3,300 bitcoin, or more than $2 million dollars per zcash, on Poloniex.24 Within two days it had crashed below 1 bitcoin per zcash and continued to fall, closing out 2016 at a price of .05 bitcoin per zcash, or roughly $48.25
