Zcash (ZEC), a major privacy coin, has seen considerable activity throughout 2024. Highlights include the coin's
transition to Proof of Stake, ambiguity over possible
exchange delistings, coupled with the ongoing
support it receives from major figures within the blockchain community. Privacy-aware investors believe that Zcash could become one of the most promising cryptocurrencies. However, various exchanges like Binance and OKX have discussed potential
delisting of privacy coins like ZEC, presenting a threat to the coin's liquidity and market access. Despite potential setbacks caused by the regulatory concerns surrounding privacy coins, ZEC enjoys a substantial market climax, even
outperforming others except memecoins. The coin has breached a
20-month record price and demonstrated a bullish trend. Reassuringly for investors, Zcash averts Binance delisting through a
transparency plan. Corporate backing and potential innovation are also seen with Tyler Winklevoss advocating for ZEC and Zcash founder Zooko Wilcox pushing for a hybrid PoS upgrade as part of his work at Shielded Labs. Despite regulatory scrutiny, the adoption in the marketplace continues with the token included in Grayscale's ETF. However, there is legitimate concern over Zcash's fate after delisting from Binance and the potential for a 51% attack.
ZEC Coin News Analytics from Fri, 28 Oct 2016 07:00:00 GMT to Wed, 23 Oct 2024 16:02:05 GMT -
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