ZEC Price Jumps 20% In One Day As Zcash Developers Unveil Cointelegraph Proof of Stake Transition

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Zcash (zec) has jumped nearly 20% in the past 24 hours, helped by the euphoria surrounding the decisive transition of its basic protocol from Proof-of-Work (PoW) to Proof-of-Stake (PoS).

The ZEC price hit an intraday high of $ 188.80 on Binance after rising two consecutive days by more than 27%. The cryptocurrency’s bullish move also erased much of the losses it suffered earlier this week, following a downward retracement in the crypto market.

ZEC / USDT Daily Price Table. Source: TradingView
weekly price table. Source: TradingView
ZEC / USDT three-day price table. Source: TradingView

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