Zcash Price Surges After Coinholder Vote on Network Upgrade
- ZEC hit $1,388 following the NU7 sentiment polls, with results published on Sunday.
- Coinholders voted by a margin of 98.9% to maintain Bitcoin-style halvings, with a record turnout of 66%.
- The privacy coin has tripled since July’s Ironwood upgrade and increased over 2,500% in the past year.
- ZEC is currently trading at $1,368, up 168% over the past month and ranking as the ninth-largest asset by market cap at $22.9 billion.
The recent vote confirmed community support for maintaining Zcash’s current issuance model and implementing faster block times while retiring outdated pools. This decision aligns with broader trends valuing financial privacy and coincides with institutional interest following Grayscale’s ETF launch.
Zcash’s price surge reflects strong community backing and growing market recognition of privacy coins’ value amid regulatory shifts and technological advancements in blockchain security. (Source)
