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Zcash price jumps as token buying pressure builds
Zcash (ZEC) is currently trading at $470.62, climbing $47.62 higher for the day, a gain of 11.26%. The asset is above the 200-day Simple Moving Average ($375.20) and well above the 50-day SMA ($503.83), but remains under the 20-day SMA ($496.25), signaling ongoing medium-term pressure from sellers while long-term support holds. A critical vulnerability was discovered in Zcash's Orchard shielded pool that could have allowed unlimited counterfeit coin creation without detection. Emergency patches and a soft fork were deployed on June 1, followed by a full hard fork on June 3, with audits confirming no exploitation or ... (full story)
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