Zcash Experiences Historic Price Surge, Nearing 8-Year High
Zcash Experiences Historic Price Surge, Nearing 8-Year High
The privacy coin Zcash (ZEC) has witnessed a significant price rally, pushing its value close to an 8-year high. This surge triggered over $51 million in short position liquidations and marks a 74% increase in its price over the past week.
Zcash Records Historic Gains and Liquidations
Zcash (ZEC), a prominent privacy-focused cryptocurrency, has been a standout performer in the market, experiencing a historic surge that has brought its price near an 8-year high. This impressive bullish momentum resulted in substantial market activity, notably the liquidation of over $51 million worth of Zcash short positions on Friday alone. The coin's price has climbed by an remarkable 74% just this week, signaling strong investor confidence and significant upward pressure. This rally highlights Zcash's potential for volatile but impactful price movements, particularly concerning its privacy features.