A correction is underway for ZEC
📉📉📉📉📉📉📉
The NU7 upgrade has been activated on the Zcash network ahead of schedule.
▪️ The block time is being reduced from 75 to 25 seconds.
▪️ Plans are in place to allocate 60% of transaction fees toward re-issuance for miners.
However, the chart shows the opposite reaction: investors are taking profits, and ZEC coins are being withdrawn from the Grayscale fund ($15 million in November).
#zec #zcash
$ZEC
📉📉📉📉📉📉📉
The NU7 upgrade has been activated on the Zcash network ahead of schedule.
▪️ The block time is being reduced from 75 to 25 seconds.
▪️ Plans are in place to allocate 60% of transaction fees toward re-issuance for miners.
However, the chart shows the opposite reaction: investors are taking profits, and ZEC coins are being withdrawn from the Grayscale fund ($15 million in November).
#zec #zcash
$ZEC
