#zcash #zec
🛡️ Zcash regains ground: 9% growth and thaw in trader sentiment
After a turbulent month, Zcash ($ZEC ) is showing signs of recovery. The asset price rose to $381, adding about 9% in the last 24 hours.
📈 What do the numbers and the market say?
• Optimism returns: Sentiment is changing in the Myriad forecast market. Currently, 40% of traders expect a rally to $550 - this is 8% more than at the beginning of the week.
• Context of the month: Despite today's jump, ZEC is still in the "minus" by 26% for the month. This is a consequence of internal disagreements in the management of Electric Coin Company (ECC).
🏛️ Regulatory calm
An important foundation for growth was the news from the Zcash Foundation: the SEC officially concluded its investigation into the organization without any claims or sanctions. This removes a significant burden from the project, which has been ongoing since 2023.
🔄 Team Reboot
While the mass layoffs of ECC’s top management in early January came as a shock, they have given rise to new initiatives:
• Josh Swihart (ex-CEO) has led the CashZ project to create a new wallet.
• Other developers are attracting investment from well-known market players, such as the Winklevoss brothers.
🌐 Sector Status
Zcash is not alone in its growth. The entire privacy coin sector has grown by 8.8%. Alongside ZEC, the following are moving confidently:
• $DASH : +5.8%
• Monero ($XMR ): +3.6%
