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Zcash Drops 57% From Its Peak – Is The ZEC Rally Over?

From fxempire.com

Zcash (ZEC) is among the worst-performing tokens in the crypto market in the past 7 days, with losses exceeding 35%. The token has collapsed by 57% since it hit a peak at $700, as privacy tokens seem to have been the first to be dumped by investors during the latest sell-off. Data from CoinGlass shows that ZEC faced its fourth biggest liquidation event two days ago, as $22 million worth of long positions were wiped out of the market. In addition, on November 27, another $18 million was taken out as the token kept dropping sharply. Meanwhile, data from Artemis shows that trading volumes were lower the second time that ... (full story)

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