Zcash Price Soars as Traders Rotate Into Privacy-Focused Crypto

ZEC

ZEC/USDT

$485.95

-0.39%

$485.95

-0.39%

(24s)

24h Volume

$233,190,311.75

24h H/L

$495.76 / $484.25

Change: $11.51 (2.38%)

Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$486.62

▲ 0.06%

Volume (24h): -

Resistance Levels

Resistance 3$529.00

Resistance 2$509.0827

Resistance 1$488.64

Price$486.62

Support 1$485.41

Support 2$470.2416

Support 3$451.75

Pivot (PP):$488.8033

Trend:Sideways

RSI (14):47.5

Cointelegraph Staff

(07:35 AM UTC)

1 min read

Approved byDavid Kim

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Privacy-focused cryptocurrency Zcash (ZEC) has spiked by more than 70% over the past week as crypto traders have been paying closer attention to privacy-focused projects.

Zcash traded at about $346 on Friday, May 1, before hitting a seven-day peak of $593.86 on Wednesday. It has since settled at around $570 as of Friday, according to CoinGecko.

Pav Hundal, lead market analyst at crypto exchange…