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Zcash Nears $1,400 After Holders Back Bitcoin-Style Halvings

Zcash rose by double digits Thursday and approached $1,400 after coinholders voted to retain Bitcoin-style halvings in the NU7 upgrade. Decrypt reported that ZEC had gained 168% over the preceding month.

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Zcash Nears $1,400 After Holders Back Bitcoin-Style Halvings

Zcash (ZEC) extended its recent rally on Thursday, rising by double digits as the privacy-focused cryptocurrency moved closer to $1,400. The latest advance followed a vote by coinholders on the NU7 upgrade, which retained Bitcoin-style halving events for Zcash. According to Decrypt, ZEC has gained 168% over the past month in the wake of the vote. The decision keeps the scheduled reduction mechanism at the center of the network’s monetary policy as the NU7 upgrade moves forward. Zcash’s latest price action places it among the crypto market’s strongest recent performers, although the supplied report does not provide a specific current trading price or details on the vote’s margin. The rally and upgrade decision are relevant developments for holders tracking ZEC’s supply schedule and network changes.

Source Decrypt Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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