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Why was Zcash so expensive?

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The latest cryptocurrency to enter the market, Zcash (ZEC), mined its genesis block on Friday. Within 40 minutes of trading on Poloniex, a high of 3,299.99 bitcoins to one ZEC was recorded, or about US$2.3 million for each Zcash coin. This is due to the tiny supply coins mined so far, only about 1,100 at press time.
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