Digital Currency Group (DCG) founder Barry Silbert has once again reminded the market of his long-standing, but somewhat forgotten, forecast that Zcash (ZEC) should be worth at least 1% of Bitcoin's market capitalization.
Zcash Foundation fixed a critical Orchard bug with Zebra 5.0.0 after an emergency soft fork, saying funds and privacy stayed secure on-chain
The Zcash blockchain didn't produce new blocks for more than four hours on June 3.
Developers said no funds were lost and privacy remains intact, but Orchard transactions were temporarily suspended during the upgrade rollout.
Zcash flashed a TD Sequential 9 buy signal near $551, with analysts watching whether $500 support can keep a move toward $642 alive. ZEC's rally from around $220 to $690 delivered more than 200% gains, making the current pullback look like consolidation after overheating.
Zcash (ZEC) stages a resilient bounce off the $500 support level as trading volumes jump 58%. With open interest hitting new highs, is this privacy-focused asset primed for a breakout to $1,000?
Zcash is trading around $572.12 after the Zcash Foundation rushed out Zebra 4.5.1, an emergency consensus security fix that underlines how brittle the network's infrastructure still is. The Zcash Foundation has pushed out Zebra 4.5.
Zcash co-founder and StarkWare CEO Eli Ben-Sasson delivered a pragmatic defense of the Ethereum ecosystem, explaining why developers will not abandon the second-largest cryptocurrency by market capitalization despite the prolonged crisis in the industry. The statement came amid a major identity crisis in Ethereum and record capital outflows from spot ETFs tied to the altcoin.
A Zcash-led squeeze drove privacy coin gains, but liquidity-driven dynamics suggest the move was largely mechanical.
Despite losing 20% in three days, a key swing level has not yet been breached, keeping the bullish ZEC structure intact.
ZEC drops into a key Fibonacci zone after a strong rally, with high volume and positive funding rates shaping the next potential move.
Arthur Hayes forecasts a massive 5x surge in Zcash. Will the key $500 floor keep the privacy coin's rally alive?