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


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

Continue reading on Coin Telegraph

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by the market makers, and therefore the prices may not be accurate and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.


About Author

Comments are closed.