$ZEC traded around $1,243 on October 29, experiencing a correction of approximately 4.7%.
However, something interesting is happening beneath the price action.
Zcash’s shielded supply reached approximately 4.96 million ZEC, representing around 29.15% of its total supply.
That’s an increase of approximately 70,500 ZEC over 30 days.
Why does this matter?
Shielded transactions are central to Zcash’s privacy proposition.
Growing shielded balances suggest increasing participation in its privacy-preserving infrastructure, although balances alone cannot establish transaction demand or identify holder intentions.
#zec #zcash #Privacy #CryptoResearch #MannequinCrypto
However, something interesting is happening beneath the price action.
Zcash’s shielded supply reached approximately 4.96 million ZEC, representing around 29.15% of its total supply.
That’s an increase of approximately 70,500 ZEC over 30 days.
Why does this matter?
Shielded transactions are central to Zcash’s privacy proposition.
Growing shielded balances suggest increasing participation in its privacy-preserving infrastructure, although balances alone cannot establish transaction demand or identify holder intentions.
#zec #zcash #Privacy #CryptoResearch #MannequinCrypto