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via Decrypt · By Decrypt Editorial

Zcash Crash Just Wiped Billions From the Privacy Coin's Market Cap—Can ZEC Recover?

ZEC

ZEC/USDT

$411.04
-0.46%
24h Volume

$749,532,464.31

24h H/L

$428.95 / $392.25

Change: $36.70 (9.36%)

Funding Rate

+0.0031%

Longs pay

Data provided by COINOTAG DATALive data
ZEC
ZEC
Daily

$410.65

-2.04%

Volume (24h): -

Resistance Levels
Resistance 3$505.8302
Resistance 2$449.0344
Resistance 1$419.0491
Price$410.65
Support 1$392.1499
Support 2$362.5786
Support 3$311.0537
Pivot (PP):$413.73
Trend:Downtrend
RSI (14):41.9
DE
Decrypt Editorial
(06:25 PM UTC)
1 min read
DK
Reviewed byDavid Kim
980 views
0 comments

In brief

  • The price of Zcash crashed more than 40% following the discovery of a vulnerability that could have led to counterfeit ZEC minting.
  • Whether or not the vulnerability was exploited remains unknown—a variable impacting the price according to analysts.
  • Even with its fall, Zcash remains one of the top performing assets of the last year, up more than 580% in that time.

A four-year-old…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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