Zcash (ZEC) experienced a dramatic 240% increase over the past month, followed by a 17% decline in just two days. This volatility comes amid heightened interest in privacy coins, as global anti-money laundering (AML) regulations intensify. Despite the recent correction, Zcash's social and analytical interest has surged by 804%, with global search interest reaching a five-year peak.
Analysts attribute the price surge to a potential shift in capital from Bitcoin and stablecoins to privacy-focused cryptocurrencies like Zcash. While some traders remain optimistic about Zcash's future, others caution that further losses could occur if the cryptocurrency fails to achieve new highs.
Zcash Soars 240% Before Dropping 17% Amid Privacy Coin Debate
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