What is Zcash (ZEC), and Why Has It Rallied So Much? Here’s Everything You Need to Know

The post What is Zcash which is on the agenda again with its rise today, are being questioned. The price of ZEC has surged 33% in the last 24 hours and 433% in the last month. These figures are unusual for an altcoin with a billion-dollar market capitalization. Listed on Binance, Coinbase, and many other centralized cryptocurrency exchanges, the altcoin’s history dates back to the early days of the cryptocurrency market. Launched in 2016, ZEC is based on Bitcoin’s codebase and, due to its limited supply at the time, reached an all-time high price of around $3,000. After Ethereum switched to the Proof of Stake consensus mechanism, Zcash became one of the most important representatives among the altcoins with the Proof of Work consensus mechanism, along with Bitcoin. Interestingly, the cryptocurrency, which had remained below $100 for years, hit an all-time low of $15 in July 2024. So much so that Binance, the world’s largest cryptocurrency exchange, initiated a delisting vote for ZEC last April, and the altcoin was saved from being delisted by Binance by being one of the winners of this vote. Chart showing the change in the ZEC price in recent months. Binance and other cryptocurrency exchanges are under pressure from delisting, particularly in Europe, due to the difficulty of tracing ZEC and other privacy tokens. However, Monero (XMR), a similar privacy token, hasn’t experienced the same surge as ZEC recently. XMR has also been delisted from many major cryptocurrency exchanges. So, what’s causing Zcash’s recent surge? This can be attributed to multiple factors. There’s been a renewed interest in privacy infrastructure in the cryptocurrency market recently. Furthermore, Electric Coin Company, the company behind ZEC, has recently implemented numerous technical updates. Galaxy Digital analysts also noted that ZEC,.

Nick Aldis Suspends Drew McIntyre To End Chaotic WWE SmackDown

Drew McIntyre Suspended After Causing Chaos in SmackDown Main Event The main event of WWE SmackDown, which featured Cody Rhodes taking on Aleister Black, descended into total chaos, culminating in SmackDown GM Nick Aldis suspending Drew McIntyre. The Main Event The match between Rhodes and Black was a hard-fought contest. Cody hit the Cody Cutter [.] The post Nick Aldis Suspends Drew McIntyre To End Chaotic WWE SmackDown appeared first.

What’s Happening With This Altcoin: Huge Surge, Arthur Hayes Makes $10,000 Claim

The post What’s Happening With This Altcoin: Huge Surge, Arthur Hayes Makes $10,000 Claim appeared com. Privacy-focused cryptocurrency Zcash (ZEC) has re-entered the top 20 cryptocurrencies with a strong rise today. ZEC’s market capitalization reached $10. 9 billion, surpassing Hyperliquid’s $10. 8 billion. The price of ZEC briefly hit $750 earlier today and is currently trading at $721. 91. This represents a 38. 93% increase over the past 24 hours. This puts ZEC at its highest price since early 2018. However, this remains well below its all-time high of over $3,000, reached in October 2016 when supply was extremely limited, according to CoinGecko data. Chart showing the rise in ZEC price. Arthur Hayes, one of the leading names in the crypto market, shared his position in his portfolio after the sharp rise in Zcash: “Due to its rapid price increase, ZEC is now the second-largest liquid asset in my Maelstrom Fund portfolio, after BTC. ZEC’s private transactions will power the next wave of true DEXs. ZEC is heading to $10,000.” Analysts and community members point to several factors that have triggered ZEC’s recent sharp rise: Re-emergence of financial surveillance and privacy debates in Europe Growing interest in Zcash’s mobile wallet integrations ZEC exceeds key levels in technical models and on-chain metrics Increasing trading volumes and signs of revival spreading to the market Zcash has a blockchain structure that allows users to optionally hide their transactions. Users can hide their transaction history by moving their tokens to special addresses called “privacy pools.” *This is not investment advice. account now for exclusive news, analytics and on-chain data! Source:.

Whales Dumping As Retail Investors Buy The Dip

The post Whales Dumping As Retail Investors Buy The Dip appeared com. Critical Bitcoin Market Risk: Whales Dumping As Retail Investors Buy The Dip Skip to content Home Crypto News Critical Bitcoin Market Risk: Whales Dumping as Retail Investors Buy the Dip Source:.