"The real scary thing is, if this runs for $2k it could go straight to 6
Will the governance and Dev Fund debate reverse ZEC's uptrend?
Zcash (ZEC) led Thursday's cryptocurrency rebound after US policymakers delivered their first rate increase since 2023, a move that markets largely treated as already expected rather than a shock. The privacy token advanced roughly 23 percent over 24 hours and traded near $1,369.
Zcash's surge highlights the impact of governance decisions and institutional interest on cryptocurrency market dynamics and investor confidence. Zcash climbs 18% in 24 hours as governance vote and Grayscale inflows fuel rally past $1,500.
Fortitude Mining has named the former CEO of Hut 8, Jaime Leverton, as its new CEO, effective September 21. The company is bringing in an executive who has already run a listed crypto miner to take over the job of steering the Zcash-focused company through a planned Nasdaq listing.
ZEC reached $1,388 on Thursday and gained 10.9% on the day, while its 30-day advance hit 168% and market capitalization rose to $22.9 billion. Coinholders voted 98.9% to preserve Bitcoin-style halvings, with 2.4 million ZEC participating and turnout reaching 66% of the eligible shielded pool.
Former Hut 8 CEO Jaime Leverton will take the helm at Fortitude as the Zcash-focused miner expands its operations and moves toward a planned public listing.
Zcash surged to a record near $1,400 as Paradigm disclosed a ZEC investment and holders backed faster blocks and Bitcoin-style halvings.
The privacy coin rose double digits Thursday and 168% over the past month in the wake of the NU7 upgrade vote.
Leverton will lead the DCG-owned mining company as it pursues a public listing through its proposed merger with HeartSciences.
Zcash jumps ~18% as the CLARITY Act stalls and privacy demand rises. Key levels, scenarios, and where early-stage capital is rotating next.
Zcash surged nearly 15% in 24 hours to hit a high of $1,388, pushing its market capitalization to $23.21 billion and extending its lead over monero by more than $10 billion.