'Extremely Bullish': Zcash Rebounds By $2.5 Billion Amid Planned Fix for Supply Conundrum

ZEC

ZEC/USDT

$573.21

+3.90%

$573.21

+3.90%

(24s)

24h Volume

$1,207,369,886.86

24h H/L

$595.96 / $549.93

Change: $46.03 (8.37%)

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$570.56

▲ 0.94%

Volume (24h): -

Resistance Levels

Resistance 3$639.8537

Resistance 2$596.0552

Resistance 1$580.00

Price$570.56

Support 1$548.83

Support 2$529.00

Support 3$482.5924

Pivot (PP):$548.83

Trend:Uptrend

RSI (14):68.4

Decrypt Editorial

(04:23 PM UTC)

1 min read

Zcash founder Zooko Wilcox unveiled a proposal for an upgrade designed to restore confidence in the privacy coin’s supply.
Dubbed “Ironwood,” the proposal’s release coincided with a recovery in Zcash’s price, which still remained below Friday’s peak.
One of Zcash’s most vocal supporters told Decrypt the upgrade is “bullish,” addressing a core tradeoff between privacy and auditability.

Zc…