Zcash (ZEC), as a privacy coin, has a potential threat of facing a price setback despite a stunning run. However, bullish momentum is building, and it's expected to soar along with Kaspa (KAS) with hints that Tron (TRX) may join. ZEC, along with other cryptos like SUI and Helium (HNT), is outperforming everything except memecoins, for undisclosed reasons. Contemplation on switching its blockchain to Proof of Stake further adds to its potential. However, there are warnings of ZEC prices falling below $30 as bulls slow down.
In support, Tyler Winklevoss has extended his backing to ZEC, calling it one of the most underrated cryptos. However, there are apprehensions about delisting by Crypto exchanges due to privacy concerns, and OKX has already announced the delisting of privacy tokens in 2024. Dubai has also banned operations with privacy coins including ZEC.
Despite everything, Zcash's price broke a 20-month record, with positive sentiment resurging even as its founder stepped down. Edward Snowden also played a pivotal role in ZCash's inception, expanding its privacy features. Furthermore, Grayscale is tracking Zcash in its new ETF. Opinions diverge on whether ZCash and Monero offer the best privacy among crypto coins, with Binance mulling over delisting privacy coins in different countries. Despite all this, ZCash has managed to register a 30% surge, navigating regulatory challenges.
ZEC Coin News Analytics from Fri, 28 Oct 2016 07:00:00 GMT to Fri, 25 Oct 2024 21:00:49 GMT -
Rating -2
- Innovation 6
- Information 8
- Rumor 6
