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Zcash Price Prediction: ZEC falls as demand stagnates, retail sentiment weakens
Zcash (ZEC) remains under selling pressure, extending its second bearish week and trading below $500 with over 2% decline at press time on Wednesday. The privacy coin experiences a consolidation in user demand as shielding pools consolidate. Meanwhile, retail sentiment shifts bearish in the derivatives market as short positions build up, aligning with declining ZEC futures Open Interest. Zcash loses user demand, retail confidence Zcash offers multiple pools that provide users with privacy by hiding transaction data through zero-knowledge proofs. However, the shielded pool, which holds roughly 4.87 million ZEC, or ... (full story)