Zcash Co-Founder Backs Shielded Bitcoin, Says His ZEC Year-End Target Is Still in Play

ZEC

ZEC/USDT

$1,531.92

-1.62%

$1,531.92

-1.62%

(24s)

24h Volume

$2,824,704,468.03

24h H/L

$1,625.00 / $1,515.00

Change: $110.00 (7.26%)

Funding Rate

+0.0049%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$1,533.20

▼ -1.45%

Volume (24h): -

Resistance Levels

Resistance 3$2,014.54

Resistance 2$1,727.56

Resistance 1$1,625.00

Price$1,533.20

Support 1$1,505.46

Support 2$1,178.72

Support 3$1,041.70

Pivot (PP):$1,565.23

Trend:Uptrend

RSI (14):64.1

BeInCrypto Editorial

(10:29 AM UTC)

1 min read

Updated byEmily Watson

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Zcash co-founder Eli Ben-Sasson has backed Shielded Bitcoin, a proposal that adds private transfers to Bitcoin’s base layer. He also says Zcash (ZEC) is on track to hit his $5,000 year-end target.

Ben-Sasson, who also co-founded StarkWare, co-wrote the Zerocash paper that preceded Zcash. His original goal, he says, was to bring that privacy to Bitcoin.