Zcash (ZEC), the popular privacy-focused cryptocurrency, recently peaked to a two-year high, crossing a trading volume of $175 million. Yet, the asset grapples with the increasing pressure on privacy coins. After the Tornado Cash ruling, Zcash and other privacy coins such as TORN saw substantial price surges. Notably,
ZCash plans to transition its blockchain technology to Proof of Stake (PoS). This pivotal shift shows a significant stride towards greater efficiency and presents a robust bullish sentiment for the currency. However, equally important are the potential challenges, such as delisting threats in 2024 faced by Privacy coins including Zcash, which could affect its price trajectory. One of the bullish developments recently has been the support extended to the Zcash project by Tyler Winklevoss, viewing it as highly underrated. Meanwhile, Zcash founder, Zooko Wilcox has shifted to Shielded Labs, promoting further privacy-based advancements. Despite potential regulatory headwinds, as seen in Dubai's banning operations with privacy coins, ZEC has shown surprising resilience. Binance's contemplated delisting of privacy coins is a cause for concern, a move emulated by OKX Crypto exchange. However, amid these challenges, Zcash maintains a strong development and infrastructure upgrade pace. The launch of the NU5 Upgrade, enhanced privacy standards, and the elimination of 'Trusted Setups' exemplified this. The coin has also made its 'wrapped' debut on Ethereum, paving the way for better interoperability. It suggests that ZCash can prove crucial in the ongoing privacy-versus-regulation debate in the crypto space. Advocates argue that privacy coins provide necessary financial discretion, while regulators worry about potential misuse.
ZEC Coin News Analytics from Fri, 28 Oct 2016 07:00:00 GMT to Wed, 27 Nov 2024 14:30:00 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor 4
