Zcash (ZEC), a well-known privacy coin, has recently made significant waves in the cryptocurrency market. A great deal of attention has been directed towards it because of a range of factors. It has managed to defy odds with 7-Day Price Surge, even amid a general price downturn in the cryptocurrency market. Interestingly, privacy coins like Zcash and Monero are being positively reviewed for the robust privacy they ensure for transactions.
Tyler Winklevoss, co-founder of the Gemini cryptocurrency exchange, is one of the people who have described Zcash as one of the most underrated cryptocurrencies. At the same time, Zcash is foreseeing a vital change in its operational mechanism with a plan to transition from Proof of Work (PoW) to Proof of Stake (PoS). This change is understood to be a radical step towards reducing power consumption and increasing the network’s efficiency. However, the transition has also sparked predictions about potential price setbacks for Zcash.
Zooko Wilcox, the founder of Zcash, recently stepped down as the CEO of Electric Coin, contributing to significant speculation in the market. Nonetheless, exchange platforms like
Coinbase Pro have embraced Zcash, adding further to its potential for growth. Concerns remain, however, over the future of privacy coins, including Zcash, on some platforms, with OKX and Binance set for potential delisting. Yet, the increased interest and trading volume in Zcash remain promising, with some expecting the price of ZEC to hit $40 by February 2024.
ZEC Coin News Analytics from Fri, 28 Oct 2016 07:00:00 GMT to Sat, 14 Sep 2024 07:10:18 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor -2
