Zcash down 30% from November’s top: Will ZEC price crash further?
NegativeCryptocurrency

- Zcash (ZEC) has seen a significant decline of 30% from its peak in November, raising concerns among analysts about the potential for further price drops. The cryptocurrency's recent volatility is attributed to a surge in hype, which some experts warn may lead to 'pump-and-dump' scenarios.
- This downturn is critical for Zcash as it reflects broader market sentiments and investor confidence in privacy-focused cryptocurrencies. The price fluctuations could impact Zcash's adoption and its competitive stance against other cryptocurrencies like Bitcoin.
- The situation highlights ongoing debates within the cryptocurrency community regarding the sustainability of privacy coins and their potential to fragment support for established currencies. Analysts are also noting the contrasting trends in the market, with some investors still bullish on Zcash despite the risks, while others express skepticism about its long-term viability.
— via World Pulse Now AI Editorial System






