Zcash Sentiment Ticks Up as Privacy Coin's Price Jumps 9%
Zcash market sentiment has turned more optimistic, with Myriad users estimating a 40% chance Zcash will reach $550 before $250, up 8% since Monday. The coin rose 8.7% in the past 24 hours, reaching $381, though it is still down over 26% month-on-month after a turbulent period that included multiple executive resignations at the Electric Coin Company. The management shakeup, prompted by disagreements over a potential shift to a for-profit model, has resulted in new Zcash-related ventures, including CashZ, a crypto wallet project led by former CEO Josh Swihart, and another developer-backed project with funding from the Winklevoss twins. Despite recent unrest, Zcash recently saw positive regulatory news when the SEC ended an investigation without recommending enforcement. The privacy-coin sector overall is also up, with Verge, DASH, and Monero seeing gains.
