Zcash price is testing $1,400 after losing $1,500, while RSI cools and one analyst watches the $1,170-$1,210 support zone.
ZEC reached a Sept. 26 close of $1,653.12, while Gemini later moved its Zcash infrastructure to the Rust-based Zakura full node.
Gemini co-founder Tyler Winklevoss believes that the current mood surrounding Zcash (ZEC) is comparable to crypto sentiment in 2019.
Zcash faces a critical support test in the near future.
Two proposals would pay Taylor Hornby $750,000 each for discovering the vulnerability and an additional community-nominated reward.
Zcash climbed from about $60 to above $1,500, while its market capitalization grew from less than 0.1% of Bitcoin (BTC)'s to 1.5%.
This year's most-rapidly evolving sector in digital assets is privacy. Which blue-chip coin will come out ahead?
Zcash traded at $1,400 on Binance spot at 3:53 p.m. ET (19:53 UTC) Sept.
Zcash's market cap growth highlights increasing demand for privacy in crypto, but regulatory risks and volatility remain significant challenges. Grayscale reports Zcash market cap rises to 1.5% of Bitcoin's in one year.
Zcash was down 5.72% over 24 hours as of Sept. 29 at 2:43 p.m.
ZEC was down 9.47% over 24 hours as of 11:28 a.m. ET on Sept.
Zcash's integration of Tachyon code could significantly enhance transaction speed and scalability, potentially reshaping privacy coin adoption. Zcash developers integrate Tachyon code into Zakura Common software.