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Why is Zcash’s ZEC the only crypto pumping right now?
Zcash is spooking cryptocurrency bears this Halloween, as it is one of the few coins seeing significant gains on Friday. The privacy-focused cryptocurrency rallied 7.75% to $390.75, its highest level since 2018. In comparison, the crypto market’s capitalization fell 2.50% in the same period. ZEC price is up nearly 500% in October, contrasting with the crypto market’s 4.50% loss. What’s behind Zcash’s monstrous comeback? High-profile endorsements have supercharged ZEC’s bullish narrative. The Zcash price began to surge after renowned investor Naval Ravikant called it an “insurance against Bitcoin” in an ... (full story)
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