Zcash (ZEC) Hits 9-Day High as Whales Bet on Further Gains: Details
- Zcash (ZEC) has risen 13% in the past 24 hours, reaching over $1,330, with analysts hinting at a potential new rally in the crypto market.
- The upcoming NU7 upgrade, expected on November 5, aims to triple block production speed and temporarily reduce transaction fees, contributing to ZEC's price increase.
- Large investors have opened substantial long positions in ZEC, indicating strong bullish sentiment, although high leverage poses a risk of sell-offs if the market reverses.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Zcash (ZEC) has risen 13% in the past 24 hours, reaching over $1,330, with analysts hinting at a potential new rally in the crypto market.
- The upcoming NU7 upgrade, expected on November 5, aims to triple block production speed and temporarily reduce transaction fees, contributing to ZEC's price increase.
- Large investors have opened substantial long positions in ZEC, indicating strong bullish sentiment, although high leverage poses a risk of sell-offs if the market reverses.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto