Zcash breaks away from Bitcoin, eyes $400 breakout

ZCash (ZEC) spent another day surging ahead of the market, seemingly unaffected by ￰0￱ coin, which lagged during previous cycles, is now moving close to $400. ZCash (ZEC) is preparing to break another milestone, moving closer to $400. Not even significant market corrections work against the ZEC rally, which is based on a unique combination of ￰1￱ moved closer to $400, with the most bullish predictions suggesting a return to four-digit ￰2￱ the same time, derivative traders opened even more short positions. |) , while expecting to move to even higher valuations and return to four-digit ￰3￱ traded at $382.51, adding another 10% to its price in the past 24 ￰4￱ expansion happened just as BTC dipped to local lows under $107,000, while ZEC only dipped to $300.

Immediately after that, ZEC resumed its ￰5￱ interest for ZEC also recovered fast, going back to over $434M. However, short positions now make up more than 62% of total open ￰6￱ has shown a trend for temporary dips, allowing some short traders to lock in ￰7￱ now, the short and long liquidations for ZEC are roughly equal, at around $3.2M in the past 24 ￰8￱ is the most active market for derivative trading, with the highest level of ZEC ￰9￱ has gained over 560% against BTC in the past ￰10￱ mining coin still has significant supply held by early miners and ￰11￱ is yet to recover its reputation and position itself as a confidential alternative to BTC, without Bitcoin’s infrastructure and wider investor ￰12￱ is the top privacy coin ZEC flipped Monero (XMR) as the top privacy coin, and other assets are yet to catch ￰13￱ has also been added to the list and has the highest market cap above $7B.

However, ZEC is expected to challenge the current ￰14￱ privacy tokens are also going through spectacular pumps, despite the weakness of the altcoin ￰15￱ is among the legacy coins to retain some of its gains, currently trading at $47.70 after years of sideways trading in the $20 ￰16￱ (RAIL) returned to $2.71, with other privacy coins also rising on demand for anonymous DeFi ￰17￱ rises on DeFi use cases The ZEC rally has shown signs of influencers and whales boosting the ￰18￱ the same time, there is also conviction buying from ￰19￱ tries to present itself as old-school crypto with a privacy narrative, leading to retail ￰20￱ data on current ZEC usage in DeFi are ￰21￱ Near Protocol, one of ZEC’s main decentralized venues, the token is held by just 6,239 wallets.

Currently, ZEC is relatively illiquid, and has seen almost no institutional ￰22￱ allows the token to rally in its small ecosystem, but not long-term ￰23￱ this, ZEC is getting tested as an anonymous tool for DeFi ￰24￱ Near Protocol, ZEC is showing signs of active trading for small amounts of ￰25￱ $50 free to trade crypto when you sign up to Bybit now