Zcash (ZEC) has emerged as the most-searched cryptocurrency on Coinbase in November, marking a significant shift from its previous low-profile status. The surge in interest is attributed to a 10x rally in its price, driven by anticipation of the 2024 halving event, increased adoption of its shielded transactions, and the implementation of the NU6.1 holder-controlled funding model.
The upcoming halving, which reduces the reward for mining new blocks, is expected to tighten supply and potentially increase ZEC's value. Additionally, the NU6.1 upgrade introduces a funding model that allows ZEC holders to have more control over the allocation of development funds, further boosting investor confidence and interest in the cryptocurrency.
Zcash Becomes November's Most-Searched Coin on Coinbase
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