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

ZEC

ZEC/USDT

$1,577.10

+4.07%

$1,577.10

+4.07%

(24s)

24h Volume

$3,028,336,294.19

24h H/L

$1,586.72 / $1,456.92

Change: $129.80 (8.91%)

Funding Rate

+0.0038%

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

(06:25 PM UTC)

1 min read

Reviewed byDavid Kim

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…