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

ZEC

ZEC/USDT

$1,565.13

+2.42%

$1,565.13

+2.42%

(24s)

24h Volume

$2,959,068,474.97

24h H/L

$1,574.60 / $1,456.92

Change: $117.68 (8.08%)

Funding Rate

+0.0037%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$1,550.15

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$2,014.54

Resistance 2$1,664.76

Resistance 1$1,563.00

Price$1,550.15

Support 1$1,477.49

Support 2$1,390.88

Support 3$1,296.02

Pivot (PP):$1,526.05

Trend:Uptrend

RSI (14):65.4

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…