Zcash (ZEC) has demonstrated resilience with a 5-7% increase over the past week, even as Bitcoin's price remains stable near $90,000. This performance comes amid a generally weak altcoin market, highlighting ZEC's strength. The cryptocurrency's rebound from key support levels is attributed to increased on-chain activity and growing buyer interest.
Analysts suggest that Zcash's potential is closely tied to Bitcoin's price movements, with its zk-SNARKs technology and changes in supply dynamics playing a significant role. As Bitcoin consolidates, Zcash's unique features continue to attract attention, supporting its recent price gains.
Zcash Gains 7% as Bitcoin Holds Steady at $90,000
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