ZEC price has increased 20% in the last 24 hours


TL;DR Breakdown

• ZCash traded at $188.80 with an approximate peak of 20 percent.
• ZEC will be used by Electric Coin for PoW and PoS testing.

The ZCash token, ZEC, is back in line with the main cryptocurrency holders after the rebound in value in recent hours. According to reports, ZCash traded at about $ 188.80 after a rise of approximately 20 percent, showing it may reach a new band on the ATH.

Cryptocurrency speculators suggest this rise in the token may be due to the latest announcements from programmers at Electric Coin. Before the crypto company Electric Coin closed in November, it announced that it would include ZCash among its contribution analyses.

ZCash’s rise increases adoption


In about 24 hours, ZEC, Zcash’s native cryptocurrency, amounted to almost 20 percent of its value, increasing the adoption rate. ZCash, which had passed for being a forgotten cryptocurrency, was considered by the crypto company ECC, who will use it in contribution or PoS tests and PoW analysis.

After the announcement, the token’s value reached $ 88.80 after going through a bullish streak in which it exceeded 20 percent, according to the figures managed by Binance. This rise allowed the cryptocurrency to rally after spending several weeks in a loss in value. However, ZEC’s price dropped this week, trading above $174, according to CoinMarketCap.

According to reports from ECC, the crypto company that intends to use the ZCash token for PoS and PoW testing wants to adopt the token for three years. The crypto company will seek to reduce the problems crypto-miners face with the liquidation of the token.

Electric Coin seeks to give ZCash a boost

The vice-president of the crypto platform Electric Coin, Josh Swihart, believes these changes could improve the use of the ZEC token, so its adoptions wave increases. Swihart believes that the PoS could reduce the burning of the token’s production and thus could improve its production on crypto-mining farms.

ZEC, the Zcash token, had gone through a bad time in which it did not receive impulses in its value, which showed that the cryptocurrency was frozen in the virtual market. According to reports from crypto fans, the token had a trademark that ranged from $170 to $205 at its maximum limit, but lately, its range was not good.

ZCash has remained the 67th cryptocurrency on the list shared by CoinMarketCap, with a low range of $158.13 and an all-time high of $188.74. The operations volume with the token has increased to over 60 percent, remaining at $876,046,$876,046,679. With this mini boost, Zcash may regain ground in a decentralized market, becoming more important every day for novice and professional investors.

Carisbel Guaramato

Carisbel Guaramato

An avid content creator for over 4 years, Carisbel spends her time on blogs and technology news. She honed her skills as a social communicator and now finds crypto and blockchain news events worldwide for transmission through Cryptopolitan's neutral and incisive way.

Related News

Hot Stories

Aave price analysis: AAVE increases value by 3.5% after strong bullish movement
Ethereum price analysis: ETH wobbles near $1,700 as bulls desperate to touch $1,800
Bitcoin, Binance Coin, Tron, and FTX Token Daily Price Analyses – 7 August Morning Price Prediction
Bitcoin price analysis: Tug of war between bulls and bears keeps BTC below $24k
Elon Musk drags Twitter to court for fraud

Follow Us

Industry News

Elon Musk drags Twitter to court for fraud
Binance CEO Urges To Move Funds From WazirX To Binance
Bitcoin falls to $23K on U.S. jobs report
How are the top cryptocurrencies selected?
Voyager Digital set to refund users with a $270 million fund