Zcash is the top performer among large caps today: +11.7% to about $1,318 (CoinDesk/CoinGecko).
$1.2B changed hands in 24 hours, while BTC gained 5.7% and ETH 8%.
A privacy coin leading a broad rebound is a notable rotation signal.
Zcash also has its NU7 network upgrade planned, per BlockBeats.
My take: privacy tokens tend to move on narrative and volume. Watch whether that $1.2B volume holds or fades once the upgrade passes.
Does $ZEC keep outperforming $BTC through the weekend, or is this a one-day squeeze?
#Zcash #PrivacyCoins #CryptoRebound
Not financial advice.
$1.2B changed hands in 24 hours, while BTC gained 5.7% and ETH 8%.
A privacy coin leading a broad rebound is a notable rotation signal.
Zcash also has its NU7 network upgrade planned, per BlockBeats.
My take: privacy tokens tend to move on narrative and volume. Watch whether that $1.2B volume holds or fades once the upgrade passes.
Does $ZEC keep outperforming $BTC through the weekend, or is this a one-day squeeze?
#Zcash #PrivacyCoins #CryptoRebound
Not financial advice.