NU7 is live. $ZEC surged to $1,388 before pulling back to $1,339—the 10,000 U bought at yesterday’s $1,281 close is now worth 10,453 U, and was worth as much as 10,834 U at one point during the day. The good news landed without triggering a sell-off; instead, prices rallied first. That’s the kind of resilience privacy coins should have.
The upgrade itself delivers real improvements: block times cut from 75 seconds to 25 seconds, making confirmations 3 times faster; 60% of fees locked into a public reserve to support future miners; and the old Sprout pool, with about 12,224 ZEC, retired for good, making those coins unspendable. With a market cap of around $23 billion, ZEC remains firmly in the top 10. Over the past 7 days, it climbed from $1,234 to $1,339, up about 8.5%.
But don’t get carried away: the broader market is still falling. $BTC is holding near $75,000, while liquidations across the market topped $1.2 billion in 24 hours. ZEC also briefly fell to $1,247 during the day. NU7 is a long-term positive, but in the short term, it’s still at the mercy of the broader market. At the current price, it’s still 58% below its all-time high of $3,191. We’ll know next week whether this rally is a fresh start or a bull trap. #Zcash #PrivacyCoin
The upgrade itself delivers real improvements: block times cut from 75 seconds to 25 seconds, making confirmations 3 times faster; 60% of fees locked into a public reserve to support future miners; and the old Sprout pool, with about 12,224 ZEC, retired for good, making those coins unspendable. With a market cap of around $23 billion, ZEC remains firmly in the top 10. Over the past 7 days, it climbed from $1,234 to $1,339, up about 8.5%.
But don’t get carried away: the broader market is still falling. $BTC is holding near $75,000, while liquidations across the market topped $1.2 billion in 24 hours. ZEC also briefly fell to $1,247 during the day. NU7 is a long-term positive, but in the short term, it’s still at the mercy of the broader market. At the current price, it’s still 58% below its all-time high of $3,191. We’ll know next week whether this rally is a fresh start or a bull trap. #Zcash #PrivacyCoin
