Zcash Price Soars as Traders Rotate Into Privacy-Focused Crypto

ZEC

ZEC/USDT

$1,216.36

+19.86%

$1,216.36

+19.86%

(24s)

24h Volume

$4,800,867,829.48

24h H/L

$1,241.00 / $1,003.80

Change: $237.20 (23.63%)

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$1,219.78

▲ 18.89%

Volume (24h): -

Resistance Levels

Resistance 3$1,505.07

Resistance 2$1,300.13

Resistance 1$1,241.00

Price$1,219.78

Support 1$1,128.04

Support 2$1,047.63

Support 3$888.37

Pivot (PP):$1,022.32

Trend:Uptrend

RSI (14):86.3

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…