ZEC/USD
The president of the European Central Bank, Christine Lagarde, recently reiterated her opinion that Bitcoin should be regulated. Regulation can be a double-edged sword, and its opponents have argued that it has repeatedly failed in traditional finance. Therefore, as voices in favor of regulation increase, some investors may prefer privacy coins like Zcash (ZEC).
Polkadot rises almost 30% to about $ 10 billion market capitalization: What's behind the rise?
The Zcash Foundation wants the community to increase adoption and for applications to enable transactions using Zcash's protection features. To do that, the foundation plans to accelerate the development of Zebra, a consensus-compliant Zcash node client written in Rust.
Zcash also completed its third major network update called "Blossom" on December 11th. The upgrade cut block times in half, allowing faster transaction confirmations, reduced commissions, and doubling network performance.
While Zcash is taking the necessary steps to improve user adoption, the project continues to face issues due to its privacy coin tag. Recently, cryptocurrency exchange Bittrex announced that it would phase out ZEC along with two other privacy coins as of January 15. Let's see if any of these developments are working in favor of ZEC.
0x (ZRX) price rises 35% before mainnet v4 update
ZEC spiked from an intraday low of $ 54.3150 on January 1 to an intraday high of $ 120.7119 on January 13, a rise of 122% in two weeks. This rally invalidated a bearish descending triangle pattern and that is a strong bullish signal.
Posted Using LeoFinance Beta